Market Summary
USD3.84-0.26
Market Closed-6.34%
INFN Stock Price
INFN RSI Chart
INFN Valuation
INFN Price/Sales (Trailing)
INFN Profitability
INFN Fundamentals
INFN Revenue
INFN Earnings
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
INFN Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for INFN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
Which funds bought or sold INFN recently?
View All Details| Datesorted ascending | Fund Name | Type | % 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 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Infinera
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CSCO | 214.3B | 57.0B | -5.37% | 31.10% | 16.99 | 3.76 | 10.55% | 6.78% |
ANET | 55.0B | 5.3B | -1.65% | 63.08% | 32.2 | 10.46 | 50.27% | 65.17% |
MSI | 45.7B | 9.7B | -1.89% | 21.12% | 30.13 | 4.73 | 14.13% | 26.10% |
UI | 8.4B | 1.9B | -21.59% | -50.80% | 20.65 | 4.34 | 14.71% | 7.65% |
| MID-CAP | ||||||||
FFIV | 9.2B | 2.8B | -1.07% | 8.13% | 27.78 | 3.29 | 4.80% | -3.31% |
CIEN | 6.8B | 4.2B | 10.80% | 15.76% | 30.91 | 1.62 | 14.18% | 11.33% |
LITE | 3.0B | 1.8B | -13.16% | -34.75% | -22.6 | 1.68 | 3.18% | -166.16% |
VSAT | 1.7B | 2.8B | -29.48% | -38.00% | 1.63 | 0.61 | 13.98% | 1966.89% |
| SMALL-CAP | ||||||||
INFN | 869.7M | 1.6B | -6.34% | -18.30% | -121.72 | 0.53 | 13.20% | 96.13% |
COMM | 652.7M | 8.2B | -8.06% | -69.11% | -0.55 | 0.08 | -6.99% | -187.07% |
ADTN | 633.2M | 1.4B | 0.25% | -57.06% | -8.94 | 0.47 | 131.17% | -369.34% |
NTGR | 356.5M | 853.0M | -4.63% | -43.78% | -16.55 | 0.42 | -12.52% | 62.31% |
CMBM | 195.4M | 302.6M | -18.62% | -57.04% | 9.27 | 0.65 | 5.89% | 210.09% |
Infinera News
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/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.1% | 1,644,686,000 | 1,626,443,000 | 1,573,242,000 | 1,487,563,000 | 1,452,930,000 | 1,433,172,000 | 1,425,205,000 | 1,378,473,000 | 1,362,870,000 | 1,356,230,000 | 1,355,596,000 | 1,386,638,000 | 1,371,768,000 | 1,336,431,000 | 1,298,865,000 | 1,246,356,000 | 1,121,428,000 | 1,033,405,000 | 943,379,000 | 807,137,000 | 799,304,000 |
| Cost Of Revenue | -1.5% | 1,040,067,000 | 1,055,416,000 | 1,037,466,000 | 989,835,000 | 971,524,000 | 940,583,000 | 927,231,000 | 896,822,000 | 891,036,000 | 907,372,000 | 946,804,000 | 992,583,000 | 999,160,000 | 999,974,000 | 972,942,000 | 947,335,000 | 839,057,000 | 727,985,000 | 622,223,000 | 523,199,000 | 517,719,000 |
| Gross Profit | 5.9% | 604,619,000 | 571,027,000 | 535,776,000 | 497,728,000 | 481,406,000 | 492,589,000 | 497,974,000 | 481,651,000 | 471,834,000 | 448,858,000 | 408,792,000 | 394,055,000 | 372,608,000 | 336,457,000 | 325,923,000 | 299,021,000 | 282,371,000 | 305,420,000 | 321,156,000 | 283,938,000 | 281,585,000 |
| Operating Expenses | 1.4% | 612,324,000 | 604,155,000 | 595,933,000 | 593,385,000 | 598,732,000 | 593,449,000 | 585,453,000 | 565,764,000 | 551,888,000 | 550,290,000 | 563,991,000 | 603,349,000 | 624,272,000 | 651,879,000 | 676,153,000 | 702,604,000 | 641,825,000 | 578,109,000 | 506,835,000 | 425,900,000 | 432,637,000 |
| S&GA Expenses | 4.1% | 158,623,000 | 152,328,000 | 146,445,000 | 144,124,000 | 143,428,000 | 141,881,000 | 138,829,000 | 131,922,000 | 127,653,000 | 125,687,000 | 129,604,000 | 135,438,000 | 142,240,000 | 148,075,000 | 151,423,000 | 156,124,000 | 144,807,000 | 135,390,000 | 124,238,000 | 104,407,000 | 107,792,000 |
| R&D Expenses | 0.2% | 314,530,000 | 313,819,000 | 306,188,000 | 303,985,000 | 304,477,000 | 299,776,000 | 299,894,000 | 288,839,000 | 277,827,000 | 270,983,000 | 265,634,000 | 269,538,000 | 275,650,000 | 282,497,000 | 287,977,000 | 298,150,000 | 277,060,000 | 259,281,000 | 244,302,000 | 220,789,000 | 226,747,000 |
| EBITDA | -100.0% | - | 84,805,000 | 54,334,000 | -4,816,000 | -40,257,000 | -5,644,000 | 6,170,000 | -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% | - | 0.05 | 0.03 | 0.00 | -0.03 | 0.00 | 0.00 | -0.01 | 0.00 | 0.00 | -0.04 | -0.08 | -0.12 | -0.16 | -0.18 | - | - | - | - | - | - |
| Interest Expenses | 0.5% | 27,958,000 | 27,823,000 | 26,015,000 | 31,377,000 | 37,483,000 | 42,248,000 | 49,099,000 | 49,335,000 | 49,358,000 | 49,777,000 | 46,728,000 | 42,821,000 | 38,044,000 | 32,888,000 | 31,657,000 | 36,416,000 | 30,708,000 | 25,929,000 | 22,049,000 | 11,953,000 | 13,342,000 |
| Earnings Before Taxes | 146.9% | 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 Margin | 100.0% | - | -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 Income | 83.2% | -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 Margin | 100.0% | - | -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 Cashflow | 100.0% | - | -101,920,000 | -83,613,000 | -82,442,000 | -110,753,000 | -20,431,000 | -13,251,000 | 34,800,000 | 9,927,000 | -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) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.8% | 1,586 | 1,598 | 1,669 | 1,500 | 1,469 | 1,496 | 1,587 | 1,533 | 1,561 | 1,567 | 1,732 | 1,571 | 1,596 | 1,667 | 1,628 | 1,506 | 1,514 | 1,575 | 1,801 | 1,247 | 941 |
| Current Assets | -1.4% | 1,055 | 1,070 | 1,133 | 982 | 926 | 927 | 992 | 910 | 914 | 916 | 1,062 | 926 | 952 | 1,017 | 943 | 823 | 822 | 875 | 957 | 856 | 536 |
| Cash Equivalents | -0.5% | 163 | 164 | 179 | 198 | 131 | 192 | 203 | 203 | 220 | 234 | 298 | 197 | 203 | 262 | 133 | 95.00 | 109 | 167 | 242 | 416 | 63.00 |
| Inventory | 3.5% | 427 | 413 | 375 | 331 | 310 | 292 | 291 | 290 | 274 | 263 | 269 | 276 | 288 | 320 | 340 | 325 | 339 | 332 | 312 | 212 | 219 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 149 | 151 | 157 | 159 | 161 | 343 | 132 | 137 |
| Goodwill | -2.7% | 227 | 234 | 233 | 224 | 237 | 250 | 256 | 265 | 269 | 265 | 273 | 256 | 251 | 239 | 250 | 234 | 229 | 222 | 227 | 48.00 | 179 |
| Current Liabilities | -0.8% | 629 | 634 | 704 | 578 | 555 | 563 | 612 | 520 | 515 | 506 | 634 | 500 | 562 | 605 | 715 | 558 | 532 | 491 | 503 | 219 | 241 |
| Short Term Borrowings | - | - | - | - | - | - | - | - | 0.00 | 0.00 | 25.00 | 102 | 25.00 | 28.00 | 32.00 | 32.00 | 7.00 | - | - | - | - | - |
| LT Debt, Non Current | 2.2% | 676 | 662 | 668 | 667 | 640 | 599 | 477 | 469 | 461 | 453 | 446 | 516 | 508 | 510 | 324 | 319 | 284 | 280 | 267 | 263 | - |
| Shareholder's Equity | -10.2% | 167 | 186 | 180 | 114 | 117 | 170 | 324 | 340 | 377 | 393 | 426 | 349 | 330 | 362 | 387 | 427 | 515 | 617 | 704 | 704 | 637 |
| 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 Capital | 0.9% | 1,942 | 1,925 | 1,901 | 1,886 | 1,867 | 1,851 | 2,026 | 2,015 | 1,996 | 1,984 | 1,965 | 1,888 | 1,839 | 1,827 | 1,741 | 1,730 | 1,716 | 1,703 | 1,686 | 1,547 | 1,450 |
| Shares Outstanding | 0.7% | 226 | 225 | 220 | 219 | 216 | 212 | 211 | 209 | 207 | 203 | 201 | 190 | 186 | 182 | 181 | 180 | 179 | 176 | 175 | 153 | 152 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 134.0% | 19.00 | -55.12 | -37.56 | -35.63 | -68.44 | 25.00 | 28.00 | 79.00 | 56.00 | -2.15 | -112 | -174 | -175 | -202 | -167 | -228 | -211 | -141 | -99.08 | -28.54 | -29.02 |
| Share Based Compensation | 0.3% | 64.00 | 64.00 | 61.00 | 58.00 | 58.00 | 54.00 | 52.00 | 51.00 | 50.00 | 49.00 | 49.00 | 48.00 | 46.00 | 46.00 | 43.00 | 41.00 | 42.00 | 41.00 | 43.00 | 45.00 | 45.00 |
| 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 | -32.59 | 13.00 | 117 | 106 |
| Cashflow From Financing | -31.6% | 55.00 | 81.00 | 82.00 | 82.00 | 40.00 | -22.66 | -101 | -39.42 | -6.84 | 7.00 | 334 | 300 | 296 | 311 | 72.00 | 47.00 | 364 | 214 | 208 | 209 | -133 |
| Buy Backs | - | - | - | 4.00 | - | - | - | 7.00 | - | - | - | 2.00 | - | - | - | 0.00 | 1.00 | 1.00 | - | 1.00 | 1.00 | 2.00 |
INFN Income Statement
2023-07-01CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 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 assets | 3,537 | 6,229 | 7,093 | 12,460 |
| Restructuring and other related costs | 0 | 13 | 0 | 163 |
| Total cost of revenue | 233,436 | 248,785 | 478,613 | 476,012 |
| Gross profit | 142,792 | 109,200 | 289,690 | 220,847 |
| Operating expenses: | ||||
| Research and development | 79,346 | 78,635 | 160,388 | 152,046 |
| Sales and marketing | 41,624 | 35,329 | 83,331 | 71,153 |
| General and administrative | 31,159 | 30,150 | 60,394 | 58,040 |
| Amortization of intangible assets | 3,523 | 3,667 | 7,112 | 7,413 |
| Restructuring and other related costs | 1,431 | 1,133 | 2,221 | 8,403 |
| Total operating expenses | 157,083 | 148,914 | 313,446 | 297,055 |
| Loss from operations | (14,291) | (39,714) | (23,756) | (76,208) |
| Other income (expense), net: | ||||
| Interest income | 717 | 104 | 1,188 | 157 |
| Interest expense | (7,387) | (7,252) | (14,187) | (12,244) |
| Other gain (loss), net | 7,170 | (3,520) | 18,126 | 2,500 |
| Total other income (expense), net | 500 | (10,668) | 5,127 | (9,587) |
| Loss before income taxes | (13,791) | (50,382) | (18,629) | (85,795) |
| Provision for income taxes | 6,472 | 5,339 | 10,044 | 11,776 |
| 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) | 225,922 | 215,509 | 224,159 | 213,846 |
| Diluted (in shares) | 225,922 | 215,509 | 224,159 | 213,846 |
| Product | ||||
| Revenue: | ||||
| Total revenue | $ 299,624 | $ 284,852 | $ 614,444 | $ 552,305 |
| Cost of revenue: | ||||
| Cost of revenue | 188,166 | 204,122 | 386,840 | 387,009 |
| Services | ||||
| Revenue: | ||||
| Total revenue | 76,604 | 73,133 | 153,859 | 144,554 |
| Cost of revenue: | ||||
| Cost of revenue | $ 41,733 | $ 38,421 | $ 84,680 | $ 76,380 |
INFN Balance Sheet
2023-07-01CONDENSED 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 cash | 2,449 | 7,274 |
| Accounts receivable, net | 325,647 | 419,735 |
| Inventory | 427,386 | 374,855 |
| Prepaid expenses and other current assets | 136,776 | 152,451 |
| Total current assets | 1,055,265 | 1,132,972 |
| Property, plant and equipment, net | 190,596 | 172,929 |
| Operating lease right-of-use assets | 32,104 | 34,543 |
| Intangible assets, net | 33,558 | 47,787 |
| Goodwill | 227,459 | 232,663 |
| Long-term restricted cash | 1,303 | 3,272 |
| Other long-term assets | 45,852 | 44,972 |
| Total assets | 1,586,137 | 1,669,138 |
| Current liabilities: | ||
| Accounts payable | 279,641 | 304,880 |
| Accrued expenses and other current liabilities | 116,766 | 141,450 |
| Accrued compensation and related benefits | 71,678 | 78,849 |
| Short-term debt, net | 7,022 | 510 |
| Accrued warranty | 18,793 | 19,747 |
| Deferred revenue | 135,511 | 158,501 |
| Total current liabilities | 629,411 | 703,937 |
| Long-term debt, net | 675,992 | 667,719 |
| Long-term accrued warranty | 16,604 | 16,874 |
| Long-term deferred revenue | 21,549 | 23,178 |
| Long-term deferred tax liability | 2,268 | 2,348 |
| Long-term operating lease liabilities | 42,340 | 45,862 |
| Other long-term liabilities | 30,795 | 29,573 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value Authorized shares – 25,000 and no shares issued and outstanding | 0 | 0 |
| 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, 2022 | 226 | 220 |
| Additional paid-in capital | 1,942,477 | 1,901,491 |
| Accumulated other comprehensive loss | (47,259) | (22,471) |
| Accumulated deficit | (1,728,266) | (1,699,593) |
| Total stockholders' equity | 167,178 | 179,647 |
| Total liabilities and stockholders’ equity | $ 1,586,137 | $ 1,669,138 |
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.