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INFINERA CORP COM (NASDAQ:INFN) 株価情報, 空売り情報

Infinera

INFINERA CORP COM

President Donald Trump during his joint address to Congress on Tuesday evening called for ending the CHIPS Act, which provides manufacturing incentives to semiconductor companies setting up their facilities in the U.S.
What Happened: During a primetime address to Congress on Tuesday, the president criticized the legislation, saying, "Your Chips Act is a horrible, horrible thing." Trump urged U.S. House Speaker Mike Johnson to "get rid" of it and use "whatever is left over" to "reduce debt or any other reason you want to."
According to <a href="https://www.semiconductors.org/chips-incentives-awards/">Semiconductor Industry Association</a>, the CHIPS Program has fueled investments in American semiconductor manufacturing. About $38 billion in grants and loans have been awarded to 32 companies across 23 states, mobilizing over $380 billion in private investment and creating an estimated 145,000 new jobs by 2030. 
Most notably, the Departments of Defense and Commerce awarded Intel Corp. up to $3 billion in CHIPS Act funding to expand domestic manufacturing of advanced semiconductors, strengthening the U.S. supply chain for critical national security needs.
Taiwan Semiconductor Mfg. Co. Ltd., on the other hand, was the recipient of $6.6 billion worth of grants, out of which $5 billion was a loaned amount for setting up projects worth $65 billion in Phoenix, Arizona.
Here are the U.S.-listed beneficiaries that have received grants under the CHIPS Act.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Amkor Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>)</td>
<td>-21.57%</td>
<td>-37.79%</td>
</tr>
<tr>
<td>Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>)</td>
<td>7.02%</td>
<td>19.17%</td>
</tr>
<tr>
<td>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</td>
<td>-30.84%</td>
<td>5.51%</td>
</tr>
<tr>
<td>Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</td>
<td>-0.46%</td>
<td>43.05%</td>
</tr>
<tr>
<td>Entegris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>)</td>
<td>1.15%</td>
<td>-27.49%</td>
</tr>
<tr>
<td>Globalfoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>)</td>
<td>-11.56%</td>
<td>-28.48%</td>
</tr>
<tr>
<td>HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</td>
<td>-9.79%</td>
<td>0.55%</td>
</tr>
<tr>
<td>Infinera Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>)</td>
<td>1.07%</td>
<td>28.93%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>5.49%</td>
<td>-50.58%</td>
</tr>
<tr>
<td>MACOM Technology Solutions Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>)</td>
<td>-15.20%</td>
<td>20.75%</td>
</tr>
<tr>
<td>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</td>
<td>2.22%</td>
<td>-32.11%</td>
</tr>
<tr>
<td>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td>
<td>4.43%</td>
<td>-3.46%</td>
</tr>
<tr>
<td>Polar Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POLA#NASDAQ">POLA</a>)</td>
<td>-29.51%</td>
<td>-16.33%</td>
</tr>
<tr>
<td>Rocket Lab USA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)</td>
<td>-23.90%</td>
<td>348%</td>
</tr>
<tr>
<td>Skywater Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>)</td>
<td>-35.93%</td>
<td>-24.96%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>4.22%</td>
<td>14.18%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</td>
<td>-10.71%</td>
<td>33.36%</td>
</tr>
<tr>
<td>Wolfspeed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>)</td>
<td>-20.51%</td>
<td>-80.08%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/03/44105284/from-mag7-to-meh7-no-tech-giant-ranks-among-sp-500s-top-50-performers-in-2025-experts-say-struggle-is-justified">From &#8216;Mag7 To Meh7:&#8217; No Tech Giant Ranks Among S&amp;P 500&#8217;s Top 50 Performers In 2025, Experts Say &#8216;Struggle… Is Justified&#8217;</a>
Why It Matters: A few hours before Trump&#8217;s Congress address, TSMC announced <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44124444/taiwan-semiconductor-rises-as-100-billion-u-s-expansion-defies-market-downturn">plans to invest</a> an additional $100 billion in advanced semiconductor manufacturing in the United States. Building on a $65 billion project already underway in Arizona, this expansion brings the company&#8217;s total U.S. investment to a massive $165 billion. 
Addressing TSMC&#8217;s latest investment, Trump said, &#8220;All that was important to them was they didn't want to pay the tariffs. So they came and they're building. And many other companies are coming. We don't have to give them money, we just want to protect our businesses and our people, and they will come because they won't have to pay tariffs if they build in America.&#8221;
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Tuesday. The SPY declined 1.18% to $576.86, and the QQQ dropped 0.30% to $495.55, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Wednesday, the futures of Dow Jones were up 0.47%, S&amp;P 500 traded 0.60% higher, whereas Nasdaq 100 futures advanced by 0.72%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44070799/mark-cuban-supports-trumps-new-gold-card-scheme-if-sold-to-corporations-for-employee-citizenship-have-a-look-at-the-listed-companies-with-most-number-of-immigrants" target="_blank" rel="noreferrer noopener">Mark Cuban Supports Trump's New ‘Gold Card' Scheme If Sold To Corporations For Employee Citizenship: Here're The Listed-Companies With Most Number Of Immigrants</a></li>
</ul>
Photo courtesy: Shutterstock

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Trump Seeks To End CHIPS Act: Who Stands To Lose? Here's A List Of Beneficiaries That Could Be Affected

Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.11 by 72.73 percent. This is a 75 percent decrease over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $414.40 million which beat the analyst consensus estimate of $409.07 million by 1.30 percent. This is a 8.61 percent decrease over sales of $453.46 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Infinera Q4 2024 Adj EPS $0.03 Misses $0.11 Estimate, Sales $414.40M Beat $409.07M Estimate

Infinera Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) ("Infinera") today announced that its pending acquisition (the "Transaction") by Nokia Corporation ("Nokia") is anticipated to be completed on or about February 28, 2025, which date remains subject to receipt of remaining outstanding regulatory approvals and the satisfaction of other remaining customary closing conditions.
Based on the anticipated February 28, 2025 completion date, Infinera today also announced that the deadline to revoke a previously made election with respect to the form of merger consideration to be received in the Transaction is 5:00 p.m., New York City time, on February 21, 2025 (the "Election Revocation Deadline"). In the event that the anticipated completion date is delayed, Infinera will communicate an updated Election Revocation Deadline.

Infinera Announced That Its Pending Acquisition By Nokia Corporation Is Anticipated To Be Completed On Or About February 28, 2025

Legal

Nokia Set To Gain Unconditional EU Antitrust Approval For Its $2.3B Acquisition Of Infinera, Sources Say

The DOC will disburse the Awards funding to the Company based on the achievement of various milestones, with each disbursement reimbursing the Company for eligible uses of funds already incurred and paid by the Company. Disbursements are Project-specific and subject to the achievement of various capital expenditure, facility development, production qualification, the receipt of applicable permits and other governmental approvals, and various other conditions.
 &nbsp;

On January 16, 2025, Infinera Entered Into Direct Funding Agreement For Up To $93M With US Department Of Commerce  Under CHIPS Act - Filing

Rosenblatt analyst Mike Genovese maintains Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) with a Neutral and maintains $6.65 price target.

Price Target

Analyst Ratings

Rosenblatt Maintains Neutral on Infinera, Maintains $6.65 Price Target

Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) reported quarterly sales of $354.40 million which missed the analyst consensus estimate of $402.87 million by 12.03 percent. This is a 9.68 percent decrease over sales of $392.37 million the same period last year.

Infinera Q3 Sales $354.40M Miss $402.87M Estimate

This proposed direct funding, when combined with investment tax credits available under the CHIPS and Science Act, could result in more than&nbsp;$200 million&nbsp;in total federal incentives as well as potential state and local incentives. 
&nbsp;

Infinera Signs Non-binding Preliminary Memorandum Of Terms To Receive Up To $93M In Direct Funding As Part Of CHIPS Act Funding

Nokia Oyj&nbsp;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 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>).
<h2>Nokia Offers Solutions for All Networks </h2>
Originally known as a dominant mobile phone manufacturer before the age of smartphones, Nokia migrated towards becoming an end-to-end network infrastructure solutions provider. They have expanded their services to cover a wide range of networks, including:
<ul>
<li>Mobile Networks: Nokia provides hardware and software to outfit and manage 5G and earlier generation networks to telecom and wireless cellular providers like T-Mobile US Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>). It was a pioneer in spearheading 5G rollouts and will be a key player in 6G, which is expected to expand the metaverse and extended reality (XR). The commercial rollout is expected to be commercially available by 2030.</li>
<li>Cloud Networks: Nokia offers cloud infrastructure services, including software-defined networking (SDN) and network security solutions. They provide network management and optimization software and tools.</li>
<li>Optical Networks: Nokia offers high-capacity optical transport solutions to enable data transmission over long distances, as well as internet protocol (IP) networking routers and switches that enable data transmission across networks.</li>
</ul>
<h2>Nokia&#39;s Business Is Still Normalizing </h2>
Macroeconomic pressures on telecom operators have caused them to slow down their spending, which is having an impact on Nokia, especially with the tough YoY comps.
Nokia reported that in the second quarter of 2024, EPS was 7 cents, which managed to beat consensus estimates by a penny. Revenues fell 21.8% YoY to $4.87 billion due to tough comps and normalization from an exceptional 2023 year-ago quarter. This missed consensus expectations of $5.13 billion.
<h2>Revenue Decline By Segments </h2>
Nokia faced revenue declines in all its segments. Network Infrastructure sales fell 11% YoY. This caused management to lower their sales forecasts to negative 2% to 3%, down from up 2% to 8%. Operating margins are expected to be between 11.5% and 14.5%.
The Cloud and Network Services segment saw a 16% YoY sales drop, which also included the 3% headwind from divesting its device management and service platform. Sales guidance moving forward was lowered from negative 5% to flat, down from negative 2% to 3%. Operating margin estimates remain unchanged, around 6% to 9%.
The Mobile Networks segment saw the worst revenue decline of 24% YoY due to macroeconomic pressure and the normalization in India. This was due to experiencing the most 5G deployment in the same quarter last year in India. Management revised down the decline from negative 19% to negative 14% with operating margins in the 4% to 7% range.
While the decline in revenue by segments appears ugly, the reality is that India&#39;s 5G infrastructure spending actually peaked in 2023, resulting in outsized revenue spikes for Nokia last year. What goes up quickly will often take longer to normalize, and that&#39;s what is happening now. North America&#39;s revenues and most other major regions were positive. This is why the stock actually rallied from $3.60 after the Q2 2024 earnings release.
<h2>Optical Networks Segment Integration of Infinera </h2>
Nokia announced on June 27, 2024, that it would be acquiring optical network solutions provider Infinera Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infn#NASDAQ">INFN</a>) for $6.65 per share. This will bolster its largest segment, Optical Networks, adding over $1.5 billion in annual sales to its ledger. The deal is expected to close in the first half of 2025.
<h2>NOK Stock Forms an Ascending Triangle Pattern </h2>
An ascending price channel is comprised of ascending or rising upper trendline resistance and ascending lower trendline support. A breakout forms when the stock surges through the upper trendline, and a breakdown occurs when the stock falls below the lower trendline support.
<img alt="Nokia NOK stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241014054528_chartx-nok.jpg" style="height:779px; width:915px" />
NOK stock has been uptrending since its Q2 2024 earnings report. The daily candlestick chart illustrates an ascending triangle pattern with a flat-top upper trendline resistance near $4.54, which also happens to be the consensus analyst target. The rising lower trendline has held pullbacks at higher levels as the stock nears the apex point, where it will either break out or break down, falling through the lower trendline. The daily RSI fell to the 54-band. Fibonacci (Fib) pullback support levels are at $4.21, $4.01, $3.80 and $3.64.
Nokia&#39;s average consensus price target is $4.54, and its highest analyst price target sits at $6.50. It has two Buy, four Hold, and two Sell ratings from analysts. The stock trades at 12.11x forward earnings.
Actionable Options Strategies: Bullish investors can consider using cash-secured puts to buy NOK at the Fib pullback support levels for entry and write covered calls to execute a wheel strategy for income in addition to the 1.83% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/originals/dont-sleep-on-nokia-quietly-accelerating-into-infinera-merger/">Don&#39;t Sleep on Nokia: Quietly Accelerating Into Infinera Merger</a>&quot; first appeared on MarketBeat.

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Don't Sleep on Nokia: Quietly Accelerating Into Infinera Merger

Ciena Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cien#NYSE">CIEN</a>) can be considered a legacy company in the computer and technology sector when it comes to the Internet. It was one of the original manufacturers of optical fiber, which provided networking switches and connectivity solutions since 1992. The company has managed to stay relevant, unlike so many internet boom companies, and remains on the cutting edge of the artificial intelligence (AI) revolution. Ciena is essential to the AI boom as it provides one of the crucial elements required&nbsp;for&nbsp;AI deployment: high bandwidth&nbsp;and low latency connectivity.
Ciena operates in the computer and technology sector, competing with networking companies like Cisco Systems Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>), Juniper Networks Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnpr#NYSE">JNPR</a>), which was acquired by Hewlett Packard Enterprises Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpe#NYSE">HPE</a>), and Infinera Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infn#NASDAQ">INFN</a>) which is being acquired by Nokia Oyj (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nok#NYSE">NOK</a>).
<h2>How Ciena Is Essential to the AI Revolution </h2>
Ciena is a leader in the optical networking segment, as its products enable long-distance, high-capacity data transmission solutions for the backbones of numerous networks. Data transmission volumes will only grow, driven by AI deployment and cloud computing. Its optical transceivers enable low-latency transmission, which is essential for AI applications to relay responsiveness and fast performance. Its Blue Planet AI-powered software-defined network (SDN) enables network operators to program, automate, and manage networks, orchestrate end-to-end services, and scale bandwidth on demand as needed.
<h2>Cloud Providers Lead the Recovery &nbsp;</h2>
Ciena is approaching positive normalization after many volatile years driven by the pandemic shortage and post-pandemic inventory glut. Cloud providers are leading the recovery, building out networks to support cloud and growing AI traffic.&nbsp;Data centers are a big chunk of Ciena&#39;s cloud provider clients. Three of the four major cloud providers are driving demand for Ciena&#39;s 400 ZR, a high-capacity datacenter interconnect (DCI) capable of transmitting 400 GB ethernet over DCI links, targeting a minimum of 80 kilometers.
Ciena&#39;s other client group, service providers, is experiencing a gradual recovery as the inventory glut is digested. Ciena still expects the U.S. to recover fully in a few quarters, while Europe continues to lag due to geopolitical and macroeconomic headwinds.
<h2>Gloomy Headline Numbers Underscore Improving Metrics </h2>
Ciena&#39;s third-quarter of 2024 earnings report was a sign of relief as results underscore the recovery occurring, enabling a turnaround after many negative quarters. The company reported EPS of 35 cents, beating analyst expectations by 6 cents. GAAP net income was $14.2 million, down from $29.7 million last year. Adjusted net income was $50.8 million, which was also lower than the $89.1 million non-GAAP income in the year-ago period. Revenue fell 11.8% YoY to $942.3 million, which was better than expected compared to the consensus estimates of $928.31 million. Ciena reported a strong book-to-bill ratio above 1, indicating stronger demand that it can fulfill.
<h2>Ciena Issues Flat Guidance </h2>
Ciena expects revenues of $1.06 billion to $1.14 billion in the fourth quarter of 2024 versus $1.12 billion in consensus estimates. Adjusted gross margin is expected to be in the low 40% range, and adjusted operating expenses are expected to be around $350 million. Full-year 2024 revenues are estimated at around $4 billion, with a 4% to 8% CAGR long-term. CIEN stock tumbled 7% the following days.
Ciena CEO Gary Smith commented, &quot;We delivered strong results for the fiscal third quarter that reflect growing momentum with cloud providers and continued gradual recovery with service providers. With leading innovation that is well-aligned with our customers&#39; focus on building cloud and AI-capable infrastructures, we are well-positioned to continue to gain share and deliver profitable growth.&quot;
On Oct. 2, 2024, Ciena announced a $1 billion stock buyback program commencing in fiscal 2025 and ending in fiscal 2027. CIEN stock surged 7% on the announcement.
<h2>CIEN Is Forming a Potential ABCD Reversal Pattern </h2>
An ABCD pattern is a harmonic reversal pattern comprised of two higher peaks and one higher low. The pattern resembles a rising lightning bolt. A market structure high (MSL) sell trigger often triggers the reversal.
<img alt="Ciena CIEN stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241006191744_charta-cien.jpg" style="height:753px; width:915px" />
CIEN stock initially sold off on its earnings report and guidance to a swing low of $50.83, forming the C-point. Shares rallied higher through the B-point pre-earnings peak at $59.42 to continue higher toward an imminent D-point, which could trigger a reversal. The daily anchored VWAP support is rising at $56.78. The daily relative strength index (RSI) is rising to the 75-band. Fibonacci (Fib) pullback support levels are at $62.91, $57.69, $53.76, and $50.83. 
Ciena&#39;s average consensus price target is $61.00, and its highest analyst price target&nbsp;is&nbsp;$68.00.&nbsp;Analysts have given it 10 Buy ratings and three Hold ratings.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/ciena-stock-powers-the-ai-cloud-boomdont-miss-out/">Ciena Stock Powers the AI Cloud Boom&mdash;Don&#39;t Miss Out</a>&quot; first appeared on MarketBeat.

Macro Economic Events

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CSCO

JNPR

Ciena Stock Powers the AI Cloud Boom—Don't Miss Out

JP Morgan analyst Samik Chatterjee maintains Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) with a Underweight and raises the price target from $5 to $6.

JP Morgan Maintains Underweight on Infinera, Raises Price Target to $6

Analysts' ratings for Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $7.51, a high estimate of $10.00, and a low estimate of $6.65. Highlighting a 12.98% decrease, the current average has fallen from the previous average price target of $8.63. 
<img src="https://www.benzinga.com/files/images/story/2024/1722888031_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Infinera among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dave Kang</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$6.65</td>
<td>$9.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$6.65</td>
<td>$8.00</td>
</tr>
<tr>
<td>Christian Schwab</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$6.65</td>
<td>$12.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$6.65</td>
<td>$5.40</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$10.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Ruben Roy</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$7.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Dave Kang</td>
<td>B. Riley Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$9.00</td>
<td>$9.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Infinera. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Infinera compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Infinera's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Infinera's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/INFN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Infinera analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Infinera</h2>
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.
<h3>Infinera's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: Infinera's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -21.72%. This indicates a decrease in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Infinera's net margin excels beyond industry benchmarks, reaching -20.0%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Infinera's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -32.47%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Infinera's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -3.78%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 4.6, Infinera faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Infinera: Insights From 7 Financial Analysts

B. Riley Securities analyst Dave Kang maintains Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) with a Buy and lowers the price target from $9 to $6.65.

B. Riley Securities Maintains Buy on Infinera, Lowers Price Target to $6.65

Rosenblatt analyst Mike Genovese downgrades Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) from Buy to Neutral and lowers the price target from $8 to $6.65.

Downgrades

Rosenblatt Downgrades Infinera to Neutral, Lowers Price Target to $6.65

In light of the proposed transaction with Nokia, and as is customary during the pendency of an acquisition, Infinera will not be providing financial guidance during the pendency of the acquisition.

Infinera Will Not Be Providing Financial Guidance During The Pendency Of The Acquisition, In Light Of The Proposed Transaction With Nokia

Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.08) by 25 percent. The company reported quarterly sales of $342.74 million which beat the analyst consensus estimate of $331.70 million by 3.33 percent. This is a 8.90 percent decrease over sales of $376.23 million the same period last year.

Infinera Q2 Adj $(0.06) Beats $(0.08) Estimate, Sales $342.74M Beat $331.70M Estimate

Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) announced today that GARR, the Italian research and education network, selected <a href="https://www.globenewswire.com/Tracker?data=HUXyViIH-ecammt45xaNvdip97OwsQzsq72ep6H9K-xLQVctZXncNwgPyl9HZ1CVThKX_uDjG46kIxXFZzqgFC4sUi-oX84ja8gpAdATsylx6ugi8Y3fSqNrKv-2qynpNZE5W8XXHyCu3NjJbqZDyMoUXXoBMi-2_iZ1WOdzwg7FdtA0-2CzShBnzUlLzvtuNDeOMcfNvwwUoaCTo_gBulD9iT2v7edPFNVMwuMhWbUw5sf9k1OpX0eRLAvVGUrpoC3q2B9S2PPQcCk9AAf9rDNFeE3IsLN52PI-P8QTshMVZWa_0n1sCaK9tNUHI4ID">Infinera's GX Series</a> ICE6 800G coherent solution to double capacity of GARR's new optical infrastructure, GARR-T. As part of this project, GARR's expanded network will now extend to Sardinia.

GARR Selects Infinera's GX Series ICE6 800G Coherent Solution To Double Capacity Of Garr's New Optical Infrastructure, GARR-T

Craig-Hallum analyst Christian Schwab downgrades Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) from Buy to Hold and lowers the price target from $12 to $6.65.

Craig-Hallum Downgrades Infinera to Hold, Lowers Price Target to $6.65

Biotech

Infinera Expands Partnership With Japan's APRESIA Systems With Integration Of Infinera ICE-X Coherent Pluggables

Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) shares are trading higher Friday following an announcement by Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) that it will<a href="https://www.benzinga.com/wiim/24/06/39544965/infinera-shares-are-trading-higher-after-nokia-announced-it-will-acquire-the-company"> acquire the company</a>.
What Happened: Nokia is set to purchase Infinera at $6.65 per share, totaling to $2.23 billion. This share price represents a premium of 28% to Infinera&#8217;s share price on Wednesday at market close.
Infinera shareholders can choose to receive either $6.65 in cash, 1.78 Nokia shares, or $4.66 in cash and 0.53 Nokia shares, per Infinera share.
Nokia stated the acquisition of Infinera strengthens the company&#8217;s optical networking market position, particularly in North America, while advancing its strategy to diversify its customer base and enhance its webscale presence.
In addition, the transaction targets EUR 200 million in synergies by 2027 and it is expected to boost both Nokia&#8217;s operating profit and EPS from year one.
&#8220;The combined businesses have a strong strategic fit given their highly complementary customer, geographic and technology profiles. With the opportunity to deliver over 10% comparable EPS accretion, we believe this will create significant value for shareholders,&#8221; said Pekka Lundmark, president and CEO of Nokia.
Related Link: <a href="https://www.benzinga.com/news/24/06/39527484/marvells-new-digital-signal-processor-technology-enhances-ai-data-centers">Marvell&#8217;s New Digital Signal Processor Technology Enhances AI Data Centers</a>
INFN Price Action: At the time of publication, Infinera shares are trading 16.9% higher at %6.15, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Courtesy of Infinera

Movers

Why Infinera Stock is Moving Higher Friday

Press Releases

Infinera's Commitment to Emission Reduction Validated by Science Based Targets initiative

Poka Lambro Deploys Infinera to Expand Its Middle-mile Network and Increase West Texas Communities' Opportunity and Competitiveness

Converge Selects Infinera's 1.2T ICE7

Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive Up to $93 Million in CHIPS Act Funding

Infinera Corporation Reports Third Quarter 2024 Financial Results

Infinera Awarded Gold Medal by EcoVadis in Recognition of Sustainability Excellence

C3ntro Telecom Upgrades Data Center Network in Mexico with Infinera's GX Series Solution

Infinera Announces Anticipated Closing Date of Acquisition by Nokia and Deadline for Infinera Stockholders to Revoke Election of Merger Consideration

Zayo Achieves Record-breaking 1 Tb/s Transmission on Live North American Network with Infinera's ICE7 Coherent Optical Solution

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