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Infinera Corp Stock Research

INFN

3.84USD-0.26(-6.34%)Market Closed
Watchlist

Market Summary

USD3.84-0.26
Market Closed
-6.34%

INFN Alerts

  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

INFN Stock Price

INFN RSI Chart

INFN Valuation

Market Cap

869.7M

Price/Earnings (Trailing)

-121.72

Price/Sales (Trailing)

0.53

EV/EBITDA

5.88

Price/Free Cashflow

-30.86

INFN Price/Sales (Trailing)

INFN Profitability

Operating Margin

35.11%

EBT Margin

-1.53%

Return on Equity

-22.87%

Return on Assets

-2.67%

Free Cashflow Yield

-3.24%

INFN Fundamentals

INFN Revenue

Revenue (TTM)

1.6B

Revenue Y/Y

5.1%

Revenue Q/Q

-4.04%

INFN Earnings

Earnings (TTM)

-7.1M

Earnings Y/Y

63.63%

Earnings Q/Q

-140.94%

Price Action

52 Week Range

3.627.80
(Low)(High)

Last 7 days

-8.8%

Last 30 days

-6.3%

Last 90 days

-16.7%

Trailing 12 Months

-18.3%

INFN Financial Health

Current Ratio

1.69

INFN Investor Care

Shares Dilution (1Y)

5.09%

Diluted EPS (TTM)

-0.02

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for INFN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-05
Welch David F
acquired
-
-
8,333
-
2023-09-05
HEARD DAVID W
sold (taxes)
-93,301
4.42
-21,109
chief executive officer
2023-09-05
Fernicola Michael H
sold (taxes)
-12,787
4.42
-2,893
chief accounting officer
2023-09-05
Erba Nancy
sold (taxes)
-345,198
4.42
-78,099
chief financial officer
2023-09-05
Walden Nicholas
sold (taxes)
-10,356
4.42
-2,343
svp, worldwide sales
2023-09-05
TEICHMANN DAVID
acquired
-
-
4,583
chief legal officer
2023-09-05
Erba Nancy
acquired
-
-
148,333
chief financial officer
2023-09-05
Welch David F
sold (taxes)
-12,738
4.42
-2,882
-
2023-09-05
Fernicola Michael H
acquired
-
-
5,833
chief accounting officer
2023-09-05
Walden Nicholas
acquired
-
-
5,333
svp, worldwide sales

1–10 of 50

Which funds bought or sold INFN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-20
BARCLAYS PLC
reduced
-22.14
-392,000
367,000
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
added
600
372,515
483,483
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-0.52
-725,914
1,180,420
-%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-1.64
-85,618
145,262
-%
2023-08-17
Orion Portfolio Solutions, LLC
added
2.34
-58,617
102,845
-%
2023-08-17
Coppell Advisory Solutions LLC
new
-
868
868
-%
2023-08-16
Nuveen Asset Management, LLC
reduced
-17.92
-2,639,900
2,758,100
-%
2023-08-16
TD Capital Management LLC
unchanged
-
-779
1,285
-%
2023-08-15
ALLIANCEBERNSTEIN L.P.
added
1.03
-555,436
941,111
-%
2023-08-15
CM WEALTH ADVISORS LLC
sold off
-100
-124,000
-
-%

1–10 of 27

Latest Funds Activity

Are funds buying INFN calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own INFN
No. of Funds

Schedule 13G FIlings of Infinera

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jun 09, 2023
vanguard group inc
10.32%
23,287,793
SC 13G/A
Mar 02, 2023
oaktree optical holdings, l.p.
11.3%
25,175,384
SC 13D/A
Feb 14, 2023
shapiro capital management llc
-
0
SC 13G
Feb 09, 2023
brown advisory inc
5.1%
11,150,355
SC 13G
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
8.92%
19,590,336
SC 13G/A
Jan 31, 2023
blackrock inc.
7.3%
15,980,691
SC 13G/A
Feb 14, 2022
gilder gagnon howe & co llc
3.1%
6,559,821
SC 13G/A
Feb 11, 2022
gilder gagnon howe & co llc
7.2%
13,976,811
SC 13G
Feb 09, 2022
fmr llc
-
0
SC 13G/A

Recent SEC filings of Infinera

View All Filings
Date Filed Form Type Document
Sep 07, 2023
4
Insider Trading
Sep 07, 2023
4
Insider Trading
Sep 07, 2023
4
Insider Trading
Sep 07, 2023
4
Insider Trading
Sep 07, 2023
4
Insider Trading
Sep 07, 2023
4
Insider Trading
Aug 17, 2023
4
Insider Trading
Aug 17, 2023
4
Insider Trading
Aug 09, 2023
8-K
Current Report
Aug 09, 2023
10-Q
Quarterly Report

Peers (Alternatives to Infinera)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
214.3B
57.0B
-5.37% 31.10%
16.99
3.76
10.55% 6.78%
55.0B
5.3B
-1.65% 63.08%
32.2
10.46
50.27% 65.17%
45.7B
9.7B
-1.89% 21.12%
30.13
4.73
14.13% 26.10%
8.4B
1.9B
-21.59% -50.80%
20.65
4.34
14.71% 7.65%
MID-CAP
9.2B
2.8B
-1.07% 8.13%
27.78
3.29
4.80% -3.31%
6.8B
4.2B
10.80% 15.76%
30.91
1.62
14.18% 11.33%
3.0B
1.8B
-13.16% -34.75%
-22.6
1.68
3.18% -166.16%
1.7B
2.8B
-29.48% -38.00%
1.63
0.61
13.98% 1966.89%
SMALL-CAP
869.7M
1.6B
-6.34% -18.30%
-121.72
0.53
13.20% 96.13%
652.7M
8.2B
-8.06% -69.11%
-0.55
0.08
-6.99% -187.07%
633.2M
1.4B
0.25% -57.06%
-8.94
0.47
131.17% -369.34%
356.5M
853.0M
-4.63% -43.78%
-16.55
0.42
-12.52% 62.31%
195.4M
302.6M
-18.62% -57.04%
9.27
0.65
5.89% 210.09%

Infinera News

SETE News
Wall Street analysts' outlook for Infinera Corp. (INFN).
SETE News,
22 hours ago
Marketscreener.com
InvestorsObserver
The Motley Fool
finanznachrichten.de
Infinera Corp. Q2 Earnings Summary.
finanznachrichten.de,
49 days ago

Returns for INFN

Cumulative Returns on INFN

-10.3%


10-Year Cumulative Returns

-11.4%


7-Year Cumulative Returns

-11.9%


5-Year Cumulative Returns

-13.0%


3-Year Cumulative Returns

Risks for INFN

What is the probability of a big loss on INFN?

100%


Probability that Infinera stock will be more than 20% underwater in next one year

86.9%


Probability that Infinera stock will be more than 30% underwater in next one year.

73.5%


Probability that Infinera stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does INFN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Infinera was unfortunately bought at previous high price.

Drawdowns

Financials for Infinera

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.1%1,644,686,0001,626,443,0001,573,242,0001,487,563,0001,452,930,0001,433,172,0001,425,205,0001,378,473,0001,362,870,0001,356,230,0001,355,596,0001,386,638,0001,371,768,0001,336,431,0001,298,865,0001,246,356,0001,121,428,0001,033,405,000943,379,000807,137,000799,304,000
Cost Of Revenue-1.5%1,040,067,0001,055,416,0001,037,466,000989,835,000971,524,000940,583,000927,231,000896,822,000891,036,000907,372,000946,804,000992,583,000999,160,000999,974,000972,942,000947,335,000839,057,000727,985,000622,223,000523,199,000517,719,000
Gross Profit5.9%604,619,000571,027,000535,776,000497,728,000481,406,000492,589,000497,974,000481,651,000471,834,000448,858,000408,792,000394,055,000372,608,000336,457,000325,923,000299,021,000282,371,000305,420,000321,156,000283,938,000281,585,000
Operating Expenses1.4%612,324,000604,155,000595,933,000593,385,000598,732,000593,449,000585,453,000565,764,000551,888,000550,290,000563,991,000603,349,000624,272,000651,879,000676,153,000702,604,000641,825,000578,109,000506,835,000425,900,000432,637,000
  S&GA Expenses4.1%158,623,000152,328,000146,445,000144,124,000143,428,000141,881,000138,829,000131,922,000127,653,000125,687,000129,604,000135,438,000142,240,000148,075,000151,423,000156,124,000144,807,000135,390,000124,238,000104,407,000107,792,000
  R&D Expenses0.2%314,530,000313,819,000306,188,000303,985,000304,477,000299,776,000299,894,000288,839,000277,827,000270,983,000265,634,000269,538,000275,650,000282,497,000287,977,000298,150,000277,060,000259,281,000244,302,000220,789,000226,747,000
EBITDA-100.0%-84,805,00054,334,000-4,816,000-40,257,000-5,644,0006,170,000-19,391,000-6,705,000-4,612,000-53,783,000-112,862,000-160,214,000-213,361,000-232,174,000------
EBITDA Margin-100.0%-0.050.030.00-0.030.000.00-0.010.000.00-0.04-0.08-0.12-0.16-0.18------
Interest Expenses0.5%27,958,00027,823,00026,015,00031,377,00037,483,00042,248,00049,099,00049,335,00049,358,00049,777,00046,728,00042,821,00038,044,00032,888,00031,657,00036,416,00030,708,00025,929,00022,049,00011,953,00013,342,000
Earnings Before Taxes146.9%11,684,000-24,916,000-55,511,000-123,521,000-164,760,000-146,860,000-158,760,000-136,958,000-123,156,000-149,656,000-200,688,000-258,626,000-307,308,000-360,579,000-383,655,000-450,353,000-399,609,000-309,400,000-214,950,000-156,451,000-160,996,000
EBT Margin100.0%--0.02-0.04-0.08-0.11-0.10-0.11-0.10-0.09-0.11-0.15-0.19-0.22-0.27-0.30------
Net Income83.2%-7,145,000-42,603,000-76,043,000-142,569,000-184,433,000-164,306,000-170,778,000-147,634,000-129,736,000-155,777,000-206,723,000-263,393,000-312,264,000-364,285,000-386,618,000-453,491,000-401,334,000-309,616,000-214,295,000-154,813,000-159,434,000
Net Income Margin100.0%--0.03-0.05-0.10-0.13-0.11-0.12-0.11-0.10-0.11-0.15-0.19-0.23-0.27-0.30------
Free Cashflow100.0%--101,920,000-83,613,000-82,442,000-110,753,000-20,431,000-13,251,00034,800,0009,927,000-44,419,000-151,309,000-203,725,000-208,892,000-234,789,000-197,552,000------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-0.8%1,5861,5981,6691,5001,4691,4961,5871,5331,5611,5671,7321,5711,5961,6671,6281,5061,5141,5751,8011,247941
  Current Assets-1.4%1,0551,0701,1339829269279929109149161,0629269521,017943823822875957856536
    Cash Equivalents-0.5%16316417919813119220320322023429819720326213395.0010916724241663.00
  Inventory3.5%427413375331310292291290274263269276288320340325339332312212219
  Net PPE--------------149151157159161343132137
  Goodwill-2.7%22723423322423725025626526926527325625123925023422922222748.00179
  Current Liabilities-0.8%629634704578555563612520515506634500562605715558532491503219241
  Short Term Borrowings--------0.000.0025.0010225.0028.0032.0032.007.00-----
    LT Debt, Non Current2.2%676662668667640599477469461453446516508510324319284280267263-
Shareholder's Equity-10.2%167186180114117170324340377393426349330362387427515617704704637
  Retained Earnings-1.2%-1,728-1,708-1,699-1,733-1,721-1,665-1,698-1,664-1,611-1,575-1,527-1,517-1,481-1,419-1,319-1,253-1,168-1,054-956-823-790
  Additional Paid-In Capital0.9%1,9421,9251,9011,8861,8671,8512,0262,0151,9961,9841,9651,8881,8391,8271,7411,7301,7161,7031,6861,5471,450
Shares Outstanding0.7%226225220219216212211209207203201190186182181180179176175153152
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations134.0%19.00-55.12-37.56-35.63-68.4425.0028.0079.0056.00-2.15-112-174-175-202-167-228-211-141-99.08-28.54-29.02
  Share Based Compensation0.3%64.0064.0061.0058.0058.0054.0052.0051.0050.0049.0049.0048.0046.0046.0043.0041.0042.0041.0043.0045.0045.00
Cashflow From Investing-0.2%-46.91-46.80-46.05-46.81-42.32-45.72-41.38-44.17-45.80-42.27-39.01-29.80-31.92-15.02-12.61-119-83.80-32.5913.00117106
Cashflow From Financing-31.6%55.0081.0082.0082.0040.00-22.66-101-39.42-6.847.0033430029631172.0047.00364214208209-133
  Buy Backs---4.00---7.00---2.00---0.001.001.00-1.001.002.00

INFN Income Statement

2023-07-01
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Jul. 01, 2023
Jun. 25, 2022
Revenue:    
Total revenue$ 376,228$ 357,985$ 768,303$ 696,859
Cost of revenue:    
Amortization of intangible assets3,5376,2297,09312,460
Restructuring and other related costs0130163
Total cost of revenue233,436248,785478,613476,012
Gross profit142,792109,200289,690220,847
Operating expenses:    
Research and development79,34678,635160,388152,046
Sales and marketing41,62435,32983,33171,153
General and administrative31,15930,15060,39458,040
Amortization of intangible assets3,5233,6677,1127,413
Restructuring and other related costs1,4311,1332,2218,403
Total operating expenses157,083148,914313,446297,055
Loss from operations(14,291)(39,714)(23,756)(76,208)
Other income (expense), net:    
Interest income7171041,188157
Interest expense(7,387)(7,252)(14,187)(12,244)
Other gain (loss), net7,170(3,520)18,1262,500
Total other income (expense), net500(10,668)5,127(9,587)
Loss before income taxes(13,791)(50,382)(18,629)(85,795)
Provision for income taxes6,4725,33910,04411,776
Net loss$ (20,263)$ (55,721)$ (28,673)$ (97,571)
Net loss per common share:    
Basic (in dollars per share)$ (0.09)$ (0.26)$ (0.13)$ (0.46)
Diluted (in dollars per share)$ (0.09)$ (0.26)$ (0.13)$ (0.46)
Weighted average shares used in computing net loss per common share:    
Basic (in shares)225,922215,509224,159213,846
Diluted (in shares)225,922215,509224,159213,846
Product    
Revenue:    
Total revenue$ 299,624$ 284,852$ 614,444$ 552,305
Cost of revenue:    
Cost of revenue188,166204,122386,840387,009
Services    
Revenue:    
Total revenue76,60473,133153,859144,554
Cost of revenue:    
Cost of revenue$ 41,733$ 38,421$ 84,680$ 76,380

INFN Balance Sheet

2023-07-01
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 163,007$ 178,657
Short-term restricted cash2,4497,274
Accounts receivable, net325,647419,735
Inventory427,386374,855
Prepaid expenses and other current assets136,776152,451
Total current assets1,055,2651,132,972
Property, plant and equipment, net190,596172,929
Operating lease right-of-use assets32,10434,543
Intangible assets, net33,55847,787
Goodwill227,459232,663
Long-term restricted cash1,3033,272
Other long-term assets45,85244,972
Total assets1,586,1371,669,138
Current liabilities:  
Accounts payable279,641304,880
Accrued expenses and other current liabilities116,766141,450
Accrued compensation and related benefits71,67878,849
Short-term debt, net7,022510
Accrued warranty18,79319,747
Deferred revenue135,511158,501
Total current liabilities629,411703,937
Long-term debt, net675,992667,719
Long-term accrued warranty16,60416,874
Long-term deferred revenue21,54923,178
Long-term deferred tax liability2,2682,348
Long-term operating lease liabilities42,34045,862
Other long-term liabilities30,79529,573
Commitments and contingencies (Note 11)
Stockholders’ equity:  
Preferred stock, $0.001 par value Authorized shares – 25,000 and no shares issued and outstanding00
Common stock, $0.001 par value Authorized shares – 500,000 as of July 1, 2023 and December 31, 2022 Issued and outstanding shares – 226,488 as of July 1, 2023 and 220,408 as of December 31, 2022226220
Additional paid-in capital1,942,4771,901,491
Accumulated other comprehensive loss(47,259)(22,471)
Accumulated deficit(1,728,266)(1,699,593)
Total stockholders' equity167,178179,647
Total liabilities and stockholders’ equity$ 1,586,137$ 1,669,138
David W. Heard
3220
Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms. It also offers Infinera XTM series, a packet-optical transport platform that enables metro connectivity solutions; Infinera XTC series, a multi-terabit packet optical transport platforms that integrates digital OTN switching and optical WDM transmission; Infinera mTera series, a network transport solution; and Infinera XT series, a platform that is designed to power cloud scale network services over metro, DCI, long-haul, and subsea networks. The company provides Infinera Cloud Xpress Family that is designed to meet the needs of internet content providers (ICPs), communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; and ICE-XR Coherent Pluggable Optics. It also offers Infinera Transcend software suite; and system software and customer support services. The company also serves telecommunications service providers, ICPs, cable providers, wholesale carriers, research and education institutions, large enterprises, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. The company was incorporated in 2000 and is headquartered in San Jose, California.