What You Need To Know About Infinera Corporation (INFN)


Infinera Corporation (NASDAQ:INFN) finished Wednesday with a subtraction of -$0.02 to close at $4.78, a downside of -0.42 percent. An average of 2,352,860 shares of common stock have been traded in the last five days. There was a fall of -$0.51 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 2,383,950 shares traded, while the 50-day average volume stands at 3,294,684.

INFN stock has decreased by -13.41% in the last month. The company shares reached their 1-month lowest point of $4.72 on 09/20/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $4.67 and a high of $9.86 in 52 weeks. It has reached a new high 2 times so far this year and lost -50.16% or -$4.81 in price. In spite of this, the price is down -51.52% from the 52-week high.

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Insider Transactions

142 days have passed since Infinera Corporation (INFN) last reported insider trading activity. MILBURY PAUL J, who is Director, most recently acquired $21,607 shares at $8.00 per share on May 03. In this transaction, the insider spent $172,856. Director, Welch David F, disposed of 200,000 shares at a price of $9.14 on Feb 28. The insider now owns more than $1,827,580 worth of shares. Prior to that, Director Welch David F went on to Sale 200,000 shares at $9.12 each on Feb 25. An amount of $1,825,000 was transacted.

Valuation Metrics

Infinera Corporation (INFN) stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.73, the price-to-book (PB) ratio at 8.85.

Financial Health

The quick ratio of Infinera Corporation for the three months ended June 29 was 1.10, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 5.49 and a total debt to equity ratio of 5.50 for the quarter ending June 29. Its gross profit as reported stood at $497.97 million compared to revenue of $1.43 billion.

Earnings Surprise

For the three-month period that ended June 29, Infinera Corporation had $640.08 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$55.72 million in the quarter, while revenues of -$41.85 million were grew 36.13%. The analyst consensus anticipated Infinera Corporation’s latest quarter earnings to come in at -$0.08 per share, but it turned out to be -$0.05, a 37.50% surprise. For the quarter, EBITDA amounted to -$15.52 million. Shareholders own equity worth $216.93 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Infinera Corporation (INFN) price momentum. RSI 9-day as of the close on 21 September was 35.15%, suggesting the stock is Neutral, with historical volatility in this time frame at 66.26%.

As of today, INFN’s price is $4.90 -9.64% or -$0.51 from its 5-day moving average. INFN is currently trading -12.45% lower than its 20-day SMA and -39.57% lower than its 100-day SMA. However, the stock’s current price level is -15.55% below the SMA50 and -40.77% below the SMA200.

The stochastic %K and %D were 8.59% and 10.58%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 7.06% and the average true range at 0.26, the RSI (14) stands at 38.46%. The stock has reached -0.24 on the 9-day MACD Oscillator while the 14-day reading was at -0.23.

Analyst Ratings

The consensus rating for Infinera Corporation (INFN) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell INFN, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is INFN’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $15.00, with a median target of $8.25. Taking a look at these predictions, the average price target given by analysts for Infinera Corporation (INFN) stock is $8.29.


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