InfineraINFN
INFN
About: Infinera Corp is a global supplier of networking solutions comprised of networking equipment, software and services. Its portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical subsystems, a suite of automation software offerings, and support and professional services. The company's customers include operators of fixed line and mobile networks, including telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, utilities and government entities.
Employees: 3,264
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
6% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 47
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
6% less capital invested
Capital invested by funds: $1.45B [Q2] → $1.36B (-$94M) [Q3]
16.2% less ownership
Funds ownership: 102.9% [Q2] → 86.69% (-16.2%) [Q3]
24% less funds holding
Funds holding: 212 [Q2] → 161 (-51) [Q3]
39% less call options, than puts
Call options by funds: $61.9M | Put options by funds: $102M
59% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 87
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$6.65
1%
upside
Avg. target
$6.65
1%
upside
High target
$6.65
1%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Rosenblatt Mike Genovese 77% 1-year accuracy 27 / 35 met price target | 1%upside $6.65 | Neutral Maintained | 6 Nov 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
4 weeks ago
Nokia launches share buyback program to offset the dilutive effect of the Infinera acquisition
Nokia CorporationStock Exchange Release22 November 2024 at 12:15 EET Nokia launches share buyback program to offset the dilutive effect of the Infinera acquisition Espoo, Finland – In line with the announcement made on 27 June 2024, Nokia Corporation ("Nokia" or the "Company") has today decided to launch a share buyback program to offset the dilutive effect of issuing new shares to the shareholders of Infinera Corporation and from Infinera's existing share-based incentives. The daily buyback volume is expected to increase following the completion of the Infinera acquisition, and the program will be terminated if the acquisition is cancelled.
Neutral
GlobeNewsWire
4 weeks ago
Nokia Board of Directors resolved on issuing shares without consideration to the company and a subsequent directed issuance related to the planned completion of the Infinera Corporation acquisition
Nokia CorporationStock Exchange Release22 November 2024 at 11:45 EET Nokia Board of Directors resolved on issuing shares without consideration to the company and a subsequent directed issuance related to the planned completion of the Infinera Corporation acquisition
Neutral
Zacks Investment Research
1 month ago
Infinera (INFN) Reports Break-Even Earnings for Q3
Infinera (INFN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.06. This compares to earnings of $0.09 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Infinera Corporation Reports Third Quarter 2024 Financial Results
SAN JOSE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 28, 2024.
Neutral
GlobeNewsWire
2 months ago
Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive Up to $93 Million in CHIPS Act Funding
Proposed funding, combined with investment tax credits, could result in more than $200 million in total federal incentives to expand production and packaging of semiconductors to support critical U.S. infrastructure and AI Proposed funding, combined with investment tax credits, could result in more than $200 million in total federal incentives to expand production and packaging of semiconductors to support critical U.S. infrastructure and AI
Positive
Benzinga
2 months ago
Don't Sleep on Nokia: Quietly Accelerating Into Infinera Merger
Nokia Oyj is a worldwide provider of telecom equipment and network infrastructure solutions. The computer and technology sector giant is a major facilitator of 5G and 4G infrastructure deployment along with competitor Telefonaktiebolaget LM Ericsson ERIC.
Neutral
GlobeNewsWire
2 months ago
Converge Selects Infinera's 1.2T ICE7
SAN JOSE, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Converge ICT Solutions Inc. (PSE: CNVRG), the leading fiber broadband and technology solutions provider in the Philippines, selected Infinera as its submarine line terminal equipment (SLTE) vendor for the fiber pairs over which Converge has been granted an Indefeasible Right of Use (IRU) on the Bifrost Cable System, using Infinera's industry-leading GX Series Compact Modular Platform and its next-generation high-performance 1.2T ICE7 optical engine.
Neutral
GlobeNewsWire
2 months ago
Poka Lambro Deploys Infinera to Expand Its Middle-mile Network and Increase West Texas Communities' Opportunity and Competitiveness
SAN JOSE, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that Poka Lambro Telecommunications (Poka Lambro) has deployed Infinera's XTM Series to upgrade its regional fiber broadband and middle-mile network across rural western Texas with ReConnect Program funding. With Infinera's solution, Poka Lambro can cost-efficiently deliver 400G services across the region to provide reliable middle-mile connectivity to support its own fiber broadband transport needs and those of other internet service providers (ISPs) and to connect historically underserved communities.
Neutral
GlobeNewsWire
2 months ago
Infinera's Commitment to Emission Reduction Validated by Science Based Targets initiative
SAN JOSE, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that its greenhouse gas (GHG) emission reduction targets have been validated by the Science Based Targets initiative (SBTi). This third-party validation reinforces Infinera's commitment to promoting sustainability in the telecommunications industry through energy-efficient optical networking solution design and environmental, social, and governance (ESG) initiatives. SBTi is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis.
Neutral
GlobeNewsWire
2 months ago
Infinera Reminds Infinera Stockholders of Deadline for Infinera Stockholders to Elect Form of Merger Consideration
SAN JOSE, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) (“Infinera”) today reminded Infinera stockholders of the upcoming deadline to elect the form of merger consideration that they wish to receive in the pending acquisition of Infinera by Nokia Corporation (“Nokia”) (the “Transaction”). This deadline is 5:00 p.m. New York City time on September 30, 2024 (the “Election Deadline”), which is the business day immediately prior to the special meeting of Infinera stockholders to be held in connection with the Transaction. No elections will be permitted after the Election Deadline.
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