Dernières nouvelles pour Infinera (NASDAQ:INFN) Stock

Infinera

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.

Infinera Corp

INFINERA ORD

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.

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INFN

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

General

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

Morgan Stanley analyst Meta Marshall maintains Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) with a Equal-Weight and raises the price target from $5.4 to $6.65.

Morgan Stanley Maintains Equal-Weight on Infinera, Raises Price Target to $6.65

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>JP Morgan analyst Matthew Boss downgraded NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from Overweight to Neutral, while cutting the price target from $116 to $83. Nike shares gained 0.1% to close at $94.19 on Thursday. <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Argus Research analyst David Toung downgraded the rating for Charles River Laboratories International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) from Buy to Hold. Charles River shares gained 0.3% to close at $207.35 on Thursday. <a href="https://www.benzinga.com/quote/CRL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel analyst Jim Duffy downgraded the rating for NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from Buy to Hold and slashed the price target from $117 to $88. Nike shares gained 0.1% to close at $94.19 on Thursday. <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham analyst Ryan Koontz downgraded Infinera Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) from Buy to Hold. Infinera shares rose 1.5% to settle at $5.26 on Thursday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/INF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Alex Straton downgraded NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) from Overweight to Equal-Weight, while lowering the price target from $114 to $79. Nike shares gained 0.1% to close at $94.19 on Thursday.  <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39523036/top-3-real-estate-stocks-youll-regret-missing-in-june">Top 3 Real Estate Stocks You&#8217;ll Regret Missing In June</a>

These Nike Analysts Are No Longer Bullish; Here Are Top 5 Downgrades For Friday

Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments 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;">0</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;">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>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;">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>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</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>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $8.25, a high estimate of $10.00, and a low estimate of $7.00. This current average is unchanged from the previous average price target. 
<img src="https://www.benzinga.com/files/images/story/2024/1719576095_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Infinera. The following summary 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>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>
<tr>
<td>Ruben Roy</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$7.00</td>
<td>$7.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Infinera. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Infinera compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Infinera's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Infinera's market standing. Stay informed and make well-considered decisions with 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 Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -20.0%, the company may need to address challenges in effective cost control.
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 is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -3.78%, the company may encounter challenges in delivering satisfactory 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>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically 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.

The Latest Analyst Ratings For Infinera

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Infinera shares are trading higher following a report suggesting Nokia is considering an acquisition of the company.

Needham analyst Ryan Koontz downgrades Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) from Buy to Hold.

Needham Downgrades Infinera to Hold

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
Crown Crafts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWS#NASDAQ">CRWS</a>) is scheduled to release earnings results for its fourth quarter before the opening bell. Crown Crafts shares gained 1% to $5.05 in the after-hours trading session.
Nokia Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) announced plans to acquire Infinera Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) in a transaction valuing Infinera at $6.65 per share. Infinera shares jumped 18.1% to $6.21 in after-hours trading, while Nokia shares fell 0.3% to $3.72 in the after-hours trading session.
Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) reported mixed results for its fourth quarter. The company reported fourth-quarter revenue of $12.6 billion, down 2% year-over-year. The revenue total missed a Street consensus estimate of $12.91 billion. The company reported adjusted fourth-quarter earnings per share of $1.01, which beat a Street estimate of $0.85 per share. Nike shares fell 12.4% to $82.52 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Kura Sushi USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) issued soft guidance. Kura Sushi said it sees preliminary third-quarter total sales of $63.1 million versus estimates of $65.39 million. The company expects FY24 total sales of $235 million to $237 million versus market expectations of $245.74 million. Kura Sushi shares dipped 13.8% to $71.00 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/news/24/06/39521170/wall-streets-most-accurate-analysts-spotlight-on-3-financial-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Financial Stocks Delivering High-Dividend Yields</a>

Pre-Market Outlook

CRWS

KRUS

Nike, Infinera And Other Stocks To Watch Heading Into Friday

Infinera Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) shares are trading higher Thursday after the company announced Nokia Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) will acquire the company in a transaction valuing Infinera <a href="https://www.benzinga.com/pressreleases/24/06/g39537276/inside-information-nokia-to-acquire-infinera-to-increase-scale-in-optical-networks-and-accelerate-">at $6.65 per share.</a>
The Details: The companies announced a definitive agreement under which Nokia will acquire Infinera in a transaction valuing the company at $6.65 per share or an enterprise value of $2.3 billion. 
The transaction represents a premium of 28% to Infinera&#8217;s share price at the close of June 26 and a 37% premium to the trailing 180-day volume weighted average price (VWAP). Infinera's stock is up more than 10% year-to-date and ended Thursday's session with a market cap of $1.214 billion, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>. 
At least 70% of the consideration will be paid in cash and Infinera&#8217;s shareholders can elect to receive up to 30% of the aggregate consideration in the form of Nokia ADSs. Nokia&#8217;s board of directors has committed to increase and accelerate Nokia&#8217;s share buyback program to offset the dilution from the deal.
The companies said the transaction is expected to be accretive to Nokia&#8217;s comparable earnings per share in the first year post-close and to deliver over 10% comparable earnings per share accretion by 2027.
Related News: <a href="https://www.benzinga.com/news/earnings/24/06/39513359/levi-strauss-stock-plummets-on-mixed-q2-results-weak-guidance-the-details">Levi Strauss Stock Plummets On Mixed Q2 Results, Weak Guidance: The Details</a>
INFN, NOK Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Infinera shares are up 21.48% after-hours Thursday at $6.39 and Nokia shares are down 2.14% at $3.73. 
Image: Shutterstock

After-Hours Center

Nokia To Acquire Infinera: Infinera's Stock Soars

Nokia believes the transaction has compelling financial and strategic merit. The combination with Infinera is projected to accelerate Nokia&#39;s journey to a double-digit operating margin in its Optical Networks business.&nbsp;

Nokia Expects Infinera Combination To Deliver EUR 200M Of Net Comparable Operating Profit Synergies By 2027

At least&nbsp;70%&nbsp;of the consideration will be paid in cash and Infinera&#39;s shareholders can elect to receive up to&nbsp;30%&nbsp;of the aggregate consideration in the form of Nokia ADSs.

Nokia Board Commits To Increase And Accelerate Share Buyback Program To Offset Dilution From Infinera Deal

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Grid Dynamics Holdings (GDYN – Research Report), I...

Analysts Offer Insights on Technology Companies: Grid Dynamics Holdings (GDYN), Infinera (INFN) and TAL Education Group (TAL)

Stifel Nicolaus analyst Ruben Roy maintained a Hold rating on Infinera (INFN – Research Report) today and set a price target of $6.65. The company'...

Stifel Nicolaus Keeps Their Hold Rating on Infinera (INFN)

Rosenblatt downgrades Infinera citing Nokia offer

Analysts are pulling back from the Technology sector as 2 experts expressed today bearish sentiments on Infinera (INFN – Research Report) and Eutel...

Analysts Offer Insights on Technology Companies: Infinera (INFN) and Eutelsat Communications (OtherEUTLF)

Nokia pulls, will refile HSR notification for Infinera deal to give DOJ more time

Why Lumentum Holdings Rose After Posting Fourth-Quarter Results

Infinera gains after HSR waiting period for Nokia sale expires

Deals this week: Smartsheet, AT&T, BP, Cleveland-Cliffs, Vistra and more

Catalyst Watch: Tesla deliveries, Nike earnings, port strike threat and the jobs report

Spotlight On Nike, Samsung, Carnival, And A REIT IPO Debut

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Press Releases

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SILK, ALIM, INFN on Behalf of Shareholders

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SPR, INFN, SILK on Behalf of Shareholders

INFN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Infinera Corporation Is Fair to Shareholders

INFINERA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Infinera Corporation - INFN

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ENV, AAN, INFN on Behalf of Shareholders

Core-Backbone Upgrades Key Network Routes in Germany with Infinera's GX Series Solution

Infinera Reminds Infinera Stockholders of Deadline for Infinera Stockholders to Elect Form of Merger Consideration

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

ALIM

SILK

Applied Optoelectronics, Inc. - Common Stock

Applied Optoelectronics

Adtran Holdings

Arista Networks

Aviat Networks

Calix

Ciena

Clearfield

CommScope Holding Company, Inc. - Common Stock

CommScope Hldg Co

Cisco Systems

Digi Intl

Ericsson - American Depositary Shares each representing 1 underlying Class B share

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