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Infinera NasdaqGS:INFN Stock Report

Last Price


Market Cap







03 Jul, 2022


Company Financials +
INFN fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance0/6
Financial Health3/6

INFN Stock Overview

Infinera Corporation provides optical transport networking equipment, software, and services worldwide.

Infinera Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Infinera
Historical stock prices
Current Share PriceUS$5.43
52 Week HighUS$10.30
52 Week LowUS$4.67
1 Month Change-9.05%
3 Month Change-38.44%
1 Year Change-47.23%
3 Year Change81.61%
5 Year Change-48.77%
Change since IPO-72.44%

Recent News & Updates

Shareholder Returns

INFNUS CommunicationsUS Market

Return vs Industry: INFN underperformed the US Communications industry which returned -18.5% over the past year.

Return vs Market: INFN underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is INFN's price volatile compared to industry and market?
INFN volatility
INFN Average Weekly Movement8.2%
Communications Industry Average Movement8.3%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

Stable Share Price: INFN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: INFN's weekly volatility (8%) has been stable over the past year.

About the Company

20003,225David Heard

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.

Infinera Fundamentals Summary

How do Infinera's earnings and revenue compare to its market cap?
INFN fundamental statistics
Market CapUS$1.17b
Earnings (TTM)-US$164.31m
Revenue (TTM)US$1.43b


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INFN income statement (TTM)
Cost of RevenueUS$918.18m
Gross ProfitUS$514.99m
Other ExpensesUS$679.30m

Last Reported Earnings

Mar 26, 2022

Next Earnings Date


Earnings per share (EPS)-0.76
Gross Margin35.93%
Net Profit Margin-11.46%
Debt/Equity Ratio352.5%

How did INFN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is INFN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for INFN?

Other financial metrics that can be useful for relative valuation.

INFN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.1x
Enterprise Value/EBITDA1468.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does INFN's PS Ratio compare to its peers?

INFN PS Ratio vs Peers
The above table shows the PS ratio for INFN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.5x
EXTR Extreme Networks
COMM CommScope Holding Company
RDWR Radware
HLIT Harmonic
INFN Infinera

Price-To-Sales vs Peers: INFN is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (1.5x).

Price to Earnings Ratio vs Industry

How does INFN's PE Ratio compare vs other companies in the US Communications Industry?

Price-To-Sales vs Industry: INFN is good value based on its Price-To-Sales Ratio (0.8x) compared to the US Communications industry average (1.3x)

Price to Sales Ratio vs Fair Ratio

What is INFN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INFN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: INFN is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

Share Price vs Fair Value

What is the Fair Price of INFN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INFN ($5.43) is trading below our estimate of fair value ($24.86)

Significantly Below Fair Value: INFN is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate INFN's PEG Ratio to determine if it is good value.

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Future Growth

How is Infinera forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score


Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: INFN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: INFN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: INFN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: INFN's revenue (9.7% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: INFN's revenue (9.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: INFN's Return on Equity is forecast to be very high in 3 years time (54.1%).

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Past Performance

How has Infinera performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: INFN is currently unprofitable.

Growing Profit Margin: INFN is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: INFN is unprofitable, and losses have increased over the past 5 years at a rate of 3.8% per year.

Accelerating Growth: Unable to compare INFN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: INFN is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (35.7%).

Return on Equity

High ROE: INFN has a negative Return on Equity (-96.53%), as it is currently unprofitable.

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Financial Health

How is Infinera's financial position?

Financial Health Score


Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: INFN's short term assets ($927.4M) exceed its short term liabilities ($562.5M).

Long Term Liabilities: INFN's short term assets ($927.4M) exceed its long term liabilities ($762.8M).

Debt to Equity History and Analysis

Debt Level: INFN's net debt to equity ratio (239.7%) is considered high.

Reducing Debt: INFN's debt to equity ratio has increased from 18.2% to 352.5% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: INFN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if INFN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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What is Infinera current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate INFN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate INFN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if INFN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INFN's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as INFN has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


David Heard (54 yo)





Mr. David W. Heard serves as Chief Executive Officer and Director at Infinera Corporation since November 23, 2020. He serves as Chairman of the Board at Driving Management Systems, Inc. He had been Chief O...

CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD4.61M) is about average for companies of similar size in the US market ($USD4.04M).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: INFN's management team is considered experienced (3.5 years average tenure).

Board Members

Experienced Board: INFN's board of directors are considered experienced (3.1 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: INFN insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5%.

Top Shareholders

Company Information

Infinera Corporation's employee growth, exchange listings and data sources

Key Information

  • Name: Infinera Corporation
  • Ticker: INFN
  • Exchange: NasdaqGS
  • Founded: 2000
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: US$1.169b
  • Shares outstanding: 215.19m
  • Website:

Number of Employees


  • Infinera Corporation
  • 6373 San Ignacio Avenue
  • San Jose
  • California
  • 95119
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Annual Earnings2021/12/25

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.