INFN - Infinera Corporation

NasdaqGS - NasdaqGS Real-time price. Currency in USD
6.26
+0.14 (+2.37%)
As of 2:47PM EDT. Market open.
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Previous close6.12
Open6.13
Bid6.26 x 2200
Ask6.27 x 1300
Day's range6.10 - 6.29
52-week range2.81 - 8.35
Volume1,235,360
Avg. volume3,127,675
Market cap1.171B
Beta (5Y monthly)0.97
PE ratio (TTM)N/A
EPS (TTM)-2.02
Earnings date05 Aug 2020 - 10 Aug 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est6.83
  • Here's Why Infinera's Shares Popped Today
    Motley Fool

    Here's Why Infinera's Shares Popped Today

    Shares of Infinera Corp. (NASDAQ: INFN) were rising today after economic data was published showing that retail sales rose in May. Shares of Infinera were up as much as 15.6% before the afternoon. Stocks were rising on Tuesday after the Commerce Department said that retail sales rose by 17.7% in May. Consumers opened their wallets back up in May compared to April, when many businesses were still shut down and retail sales were down 14.7%. Infinera's stock has been on a wild ride since the pandemic reached the U.S. After regaining some of its losses after the stock market's March plunge, Infinera's shares fell sharply again in May. But today's bounce has helped the company's stock regain some of May's losses and puts Inferna's shares up 87.6% over the past 12 months.

  • Insider Buying: The Infinera Corporation (NASDAQ:INFN) Chief Operating Officer Just Bought 8.4% More Shares
    Simply Wall St.

    Insider Buying: The Infinera Corporation (NASDAQ:INFN) Chief Operating Officer Just Bought 8.4% More Shares

    Even if it's not a huge purchase, we think it was good to see that David Heard, the Chief Operating Officer of...

  • Is It Time to Give up on Infinera Stock?
    Motley Fool

    Is It Time to Give up on Infinera Stock?

    The optical solutions provider posted a messy quarter, but a fresh upgrade cycle looms on the horizon.

  • Infinera Corporation (NASDAQ:INFN) Just Reported, And Analysts Assigned A US$6.82 Price Target
    Simply Wall St.

    Infinera Corporation (NASDAQ:INFN) Just Reported, And Analysts Assigned A US$6.82 Price Target

    Shareholders in Infinera Corporation (NASDAQ:INFN) had a terrible week, as shares crashed 24% to US$4.33 in the week...

  • Why Infinera Stock Crashed Today
    Motley Fool

    Why Infinera Stock Crashed Today

    Shares of Infinera (NASDAQ: INFN) tumbled on Wednesday after the networking solutions provider reported mixed first-quarter results. Infinera stock was down about 23% at 11:30 a.m. EDT today. Infinera reported adjusted revenue of $331.4 million, up 12.1% year over year and $13.1 million higher than the average analyst estimate.

  • Here's Why Infinera's Earnings Miss Wasn't as Bad as It Looked
    Motley Fool

    Here's Why Infinera's Earnings Miss Wasn't as Bad as It Looked

    The bottom-line miss in this mixed report sprung from the early completion of a large, low-margin project that unlocked more profitable add-on sales in the coming quarters.

  • Infinera Corp (INFN) Q1 2020 Earnings Call Transcript
    Motley Fool

    Infinera Corp (INFN) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. Infinera Corp (NASDAQ: INFN)Q1 2020 Earnings CallMay 12, 2020, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood afternoon, and welcome to the Infinera Q1 2020 Earnings Conference Call.

  • Infinera (INFN) Reports Q1 Loss, Tops Revenue Estimates
    Zacks

    Infinera (INFN) Reports Q1 Loss, Tops Revenue Estimates

    Infinera (INFN) delivered earnings and revenue surprises of -58.82% and 2.75%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Is Infinera Corporation (NASDAQ:INFN) Excessively Paying Its CEO?
    Simply Wall St.

    Is Infinera Corporation (NASDAQ:INFN) Excessively Paying Its CEO?

    In 2010, Tom Fallon was appointed CEO of Infinera Corporation (NASDAQ:INFN). This analysis aims first to contrast CEO...

  • Will Infinera (INFN) Report Negative Earnings Next Week? What You Should Know
    Zacks

    Will Infinera (INFN) Report Negative Earnings Next Week? What You Should Know

    Infinera (INFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Before You Buy Infinera Corporation (NASDAQ:INFN), Consider Its Volatility
    Simply Wall St.

    Before You Buy Infinera Corporation (NASDAQ:INFN), Consider Its Volatility

    Anyone researching Infinera Corporation (NASDAQ:INFN) might want to consider the historical volatility of the share...

  • Did Infinera's (NASDAQ:INFN) Share Price Deserve to Gain 75%?
    Simply Wall St.

    Did Infinera's (NASDAQ:INFN) Share Price Deserve to Gain 75%?

    These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But one can do...

  • U.S. Disappointed as Johnson Gives Huawei Partial 5G Role
    Bloomberg

    U.S. Disappointed as Johnson Gives Huawei Partial 5G Role

    (Bloomberg) -- U.K. Prime Minister Boris Johnson risked a rift with President Donald Trump as he gave Huawei Technologies Co. the green light to help develop Britain’s next-generation broadband networks.While the U.K. government announced it will keep what it calls high-risk vendors such as Huawei out of the most sensitive core parts of its 5G mobile networks, the company will be able to supply other equipment that is critical to the roll-out of broadband such as antennas and base stations.That is a blow to the Trump administration, which wanted Johnson to impose an outright ban on the Shenzhen-based tech giant, citing concerns that its gear could be vulnerable to infiltration by Chinese spies. The two men spoke about the U.K. decision on Tuesday, according to Johnson’s office. American officials had warned the U.S. may be forced to hold back secret intelligence from the U.K. in future, if Johnson pressed ahead with giving Huawei a role. The company has always denied it poses any security risk.A key pillar of Johnson’s vision for a future outside the world’s richest single market is a trade deal with the U.S. and the Huawei license risks setting up a clash with Trump. On their call on Tuesday, Johnson “underlined the importance of like-minded countries working together to diversify the market and break the dominance of a small number of companies,” his office said.The initial reaction from Washington was muted.A senior U.S. administration official expressed disappointment at Johnson’s decision, but also hope that the U.S. and the U.K. could still find some way to exclude components from untrusted vendors in 5G systems in future. Trump himself has yet to comment, and is preparing to announce his Middle East peace plan later Tuesday.Read More: U.K. Still Wary of China Hacking Threat After Limiting HuaweiReactions from Congress were more critical. “Here’s the sad truth: our special relationship is less special now that the U.K. has embraced the surveillance state commies at Huawei,” said Republican Senator Ben Sasse of Nebraska.Republican Senator Marsha Blackburn of Tennessee suggested curtailing intelligence-sharing with any allies whose networks run on the equipment of “untrusted” vendors. “If we have exhausted our carrots with the Brits, it may be time to use a stick,” Blackburn said in a statement. Republican Senator Tom Cotton of Arkansas, in a reference to Brexit, said: “I fear London has freed itself from Brussels only to cede sovereignty to Beijing. Allowing Huawei to build the U.K.’s 5G networks today is like allowing the KGB to build its telephone network during the Cold War.”In London, too, senior members of Johnson’s ruling Conservative Party expressed dismay at his decision. Former party leader Iain Duncan Smith, and ex-cabinet minister David Davis warned of the security risks the Chinese company posed. “The size and complexity, the problem we are trying to protect against, is enormous,” Davis told the House of Commons. “Huawei should be banned from our networks.”The widely-expected announcement by Johnson’s government is a compromise between the outright ban on Huawei sought by the U.S. and the access sought by telecommunication companies. While it ends months of political wrangling in the U.K., the process remains fraught with peril for Johnson as he prepares to end Britain’s 47 years of European Union membership and plans to negotiate a new trade deal with the U.S.Market ShareUnder the U.K.’s policy, a cap of up to 35% will be imposed on Huawei’s share of the non-sensitive parts of the next-generation networks, such as antennas, masts and even fixed-line fiber-to-the-home components.High risk vendors, a category which would also include China’s ZTE, which is already banned from the U.K., are also to be “excluded from sensitive geographic locations, such as nuclear sites and military bases.”The 35% cap will be kept under review and could reduce over time, the government said. The cap is roughly in line with Huawei’s current overall market share in 4G, and Huawei said it was expected and reasonable. U.K. officials said the cap could be reduced over time, and the aim is to work with allies to help develop alternatives and get to a stage where the country doesn’t need to rely on high-risk vendors at all.However, the cap may mean that phone carriers like BT Group Plc’s EE, Vodafone Group Plc and Three have to rejig their 5G plans to comply. Three, a unit of Hong Kong-based CK Hutchison Holdings Ltd., had been depending on Huawei to deliver the entirety of its 5G radio-access network, with Nokia chosen to provide the core.Dave Dyson, chief executive officer of Three U.K., said in a statement: “We note the government’s announcement and are reviewing the detail.”Ericsson AB and Nokia Oyj are the primary Huawei rivals in networking equipment now, but the U.K. decision may help create more options for certain segments of wireless networks. Cisco Systems Inc., Juniper Networks Inc., Ciena Corp. and Infinera Corp. may benefit as wireless operators look for alternative suppliers, said Woo Jin Ho, a Bloomberg Intelligence analyst.Huawei ReassuredIn a statement, Huawei Vice-President Victor Zhang said it was “reassured” that the U.K. will let the company keep working with carriers on 5G.“This evidence-based decision will result in a more advanced, more secure and more cost-effective telecoms infrastructure that is fit for the future,” he said, committing to build on Huawei’s more than 15 years supplying U.K. telecom operators.The Confederation of British Industry, the leading business lobby in the country, said “this solution appears a sensible compromise that gives the U.K. access to cutting-edge technology, whilst building in appropriate checks and balances around security.” Vodafone, which uses Huawei in its U.K. radio network, said “we aim to keep any potential disruption to customers to a minimum.”By curbing Huawei’s access but still allowing the supplier to play a role in 5G, British officials are betting they can manage any security risks at home and still maintain intelligence-sharing ties with the U.S. and other allies.Johnson discussed Huawei in a phone call with Trump on Friday, and clearly wasn’t swayed by the push for a total ban. The prime minister said the U.K. could have the best of both worlds: retaining access to the best technology while protecting the data of consumers. British security services deem the risks manageable.For the U.K. timing of its announcement is particularly sensitive. U.S. Secretary of State Michael Pompeo, who had warned Johnson’s predecessor not to “wobble” on the issue, is due to visit on Wednesday.Huawei has been a key supplier to the U.K. and many other European phone networks for over a decade so this decision will be closely watched by others. In fact, many European nations are leaning in the same direction as the U.K.QuickTake: Can a 70-Year-Old Spy Alliance Endure in Era of 5G?The EU will publish its own guidelines on Wednesday which give leeway to member states to restrict or ban Huawei without forcing them to do so. According to a draft of the document seen by Bloomberg, countries should consider banning suppliers based in countries with insufficient “democratic checks and balances” from core 5G components.Canada has also indicated interest in a similarly split decision -- allowing Huawei while also pledging to contain any security risk.A key concern of the U.S. is that other countries will copy-and-paste the U.K.’s solution, relying on its regulatory system and high level of access to Huawei technology.“The U.K. model isn’t easily replicated,” warned Ian Levy, technical director of the National Cyber Security Centre, in a blog published alongside the decision. “The approach we’ve come up with for the U.K. is specific to the U.K. context. Others shouldn’t assume they’re getting the same level of protection for modern networks if they do similar things without performing their own analysis.”The market is broken, he added, because it’s not commercially attractive to build good security into networks.(Updates with Huawei alternatives in 16th paragraph)\--With assistance from Olivia Konotey-Ahulu, Josh Wingrove and Kevin Cirilli.To contact the reporters on this story: Thomas Seal in London at tseal@bloomberg.net;Alex Morales in London at amorales2@bloomberg.netTo contact the editors responsible for this story: Flavia Krause-Jackson at fjackson@bloomberg.net, Tim Ross, Rebecca PentyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • CenturyLink-Infinera Partner for Advanced Computing Solutions
    Zacks

    CenturyLink-Infinera Partner for Advanced Computing Solutions

    CenturyLink (CTL) leverages robust fiber network and enhanced computing solutions to meet the high-end connectivity requirements of research and education communities in collaboration with Infinera.

  • Infinera (INFN) Catches Eye: Stock Jumps 6%
    Zacks

    Infinera (INFN) Catches Eye: Stock Jumps 6%

    Infinera (INFN) saw a big move last session, as its shares jumped 6% on the day, amid huge volumes.

  • Infinera (INFN) Reports Q3 Loss, Lags Revenue Estimates
    Zacks

    Infinera (INFN) Reports Q3 Loss, Lags Revenue Estimates

    Infinera (INFN) delivered earnings and revenue surprises of 0.00% and -1.29%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Earnings Preview: Infinera (INFN) Q3 Earnings Expected to Decline
    Zacks

    Earnings Preview: Infinera (INFN) Q3 Earnings Expected to Decline

    Infinera (INFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Is Infinera Corporation's (NASDAQ:INFN) CEO Pay Justified?
    Simply Wall St.

    Is Infinera Corporation's (NASDAQ:INFN) CEO Pay Justified?

    Tom Fallon has been the CEO of Infinera Corporation (NASDAQ:INFN) since 2010. This analysis aims first to contrast CEO...

  • Here's Why Infinera (NASDAQ:INFN) Can Afford Some Debt
    Simply Wall St.

    Here's Why Infinera (NASDAQ:INFN) Can Afford Some Debt

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Don't Waste Your Money on Penny Stocks: These 3 Stocks Are Better Buys
    Motley Fool

    Don't Waste Your Money on Penny Stocks: These 3 Stocks Are Better Buys

    There are plenty of top alternatives across the market.

  • Is It Finally Safe to Buy Infinera?
    Motley Fool

    Is It Finally Safe to Buy Infinera?

    The latest earnings report suggests this cyclical stock may have finally bottomed out.

  • Infinera Corp (INFN) Q2 2019 Earnings Call Transcript
    Motley Fool

    Infinera Corp (INFN) Q2 2019 Earnings Call Transcript

    INFN earnings call for the period ending June 29, 2019.

  • Infinera Benefits From Coriant Acquisition
    Motley Fool

    Infinera Benefits From Coriant Acquisition

    The company's numbers in its latest report weren't great in absolute terms, but the pipeline continues to grow and management believes that it's on pace to return to profitability by the end of the year.

  • Why Infinera Stock Is Surging Today
    Motley Fool

    Why Infinera Stock Is Surging Today

    Shares pop after the company reports better-than-expected second-quarter results and offers optimistic guidance.

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