Rosenblatt downgraded Infinera from Buy to Neutral and set a new price target of $6.65 from $8.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/5/2024 | $8.00 → $6.65 | Buy → Neutral | Rosenblatt |
| 4/22/2024 | $10.00 | Buy | Needham |
| 9/28/2023 | $7.00 | Buy | Stifel |
| 8/11/2023 | Underperform → Hold | Jefferies | |
| 8/4/2022 | $9.00 | Buy | MKM Partners |
| 3/24/2022 | $12.00 | Buy | Rosenblatt |
| 2/14/2022 | $9.00 | Hold | Loop Capital |
| 1/24/2022 | $10.00 → $11.50 | Neutral → Buy | B. Riley Securities |
4 - Infinera Corp (0001138639) (Issuer)
4 - Infinera Corp (0001138639) (Issuer)
4 - Infinera Corp (0001138639) (Issuer)
FY'24 Highlights: Year-over-year growth in bookings and backlog; book-to-bill ratio of approximately 1.1x for FY'24 and 1.3x for Q4'24Record revenue with webscalers - total revenue exposure (direct and indirect) greater than 50% of FY'24 revenueSignificant design wins across the GX systems portfolio with webscalers and Tier 1 Communications Service Providers (CSPs)Substantial awards for ICE-X 400G and 800G pluggables from webscalers and Tier 1 CSPsLaunched ICE-D to address the projected multi-billion dollar intra-data center opportunity driven by AI workloadsSecured CHIPS & Science Act funding with the potential for greater than $200 million in total federal ince
DENVER and SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Zayo and Infinera (NASDAQ:INFN) announced today the successful completion of a live network trial using Infinera's ICE7, a seventh-generation embedded optical engine, to deliver 1 Tb/s single 150GHz wavelength transmission over 1,391 kilometers (km) on a major North American route between Sacramento, CA and Salt Lake City. This achievement will enable Zayo to deliver a record-setting 32 terabits of C-Band capacity across this link, with the ability to double bandwidth to 64 terabits with L-Band. Powered by Infinera's innovative ICE7 optical engine, this trial signals a major industry milestone, demonstrating the power and abili
SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) ("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 (t