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Last $22.29 USD
Change Today -0.22 / -0.98%
Volume 1.6M
INFN On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

infinera corp (INFN) Snapshot

Open
$22.29
Previous Close
$22.51
Day High
$22.71
Day Low
$21.84
52 Week High
08/18/15 - $25.24
52 Week Low
10/13/14 - $9.15
Market Cap
2.9B
Average Volume 10 Days
2.4M
EPS TTM
$0.31
Shares Outstanding
131.2M
EX-Date
--
P/E TM
73.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for INFINERA CORP (INFN)

infinera corp (INFN) Related Businessweek News

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infinera corp (INFN) Details

Infinera Corporation provides optical transport networking equipment, software, and services for telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions, and government entities worldwide. The company offers long-haul and subsea network products, including Infinera DTN platform, which is based on photonic integrated circuit (PIC) technology to enable digital processing and management of data to generate wavelength division multiplexing (WDM) wavelengths, as well as to add, drop, switch, manage, protect, and restore network traffic digitally using integrated optical transport network switching; and Infinera DTN-X platform, a multi-terabit packet optical transport platform that enables service providers to manage the traffic of video, mobile, and cloud-based services, as well as for submarine network applications. It also provides metro network products comprising Infinera Cloud Xpress platform, a family of metro optical products for network operators delivering cloud-based services to consumers and businesses, as well as to simplify the deployment of high-bandwidth connections; and Infinera ATN platform, a coarse WDM and dense WDM aggregation and transport solution. In addition, the company offers Infinera Management Suite, a network element management system used to manage Infinera DTN, Infinera DTN-X, ATN, and Cloud Xpress platforms. Further, it provides various support services for hardware and software products. The company markets and sells its products and related support services primarily through its direct sales force. The company, formerly known as Zepton Networks, was founded in 2000 and is headquartered in Sunnyvale, California.

1,495 Employees
Last Reported Date: 02/18/15
Founded in 2000

infinera corp (INFN) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $468.0K
Co-Founder, President, Director and Member of...
Total Annual Compensation: $374.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $376.2K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $62.5K
Senior Vice President of Worldwide Sales
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

infinera corp (INFN) Key Developments

Windstream Holdings Deploys Infinera DTN-X Platform for Wavelength Transport Service Expansion

Windstream Holdings and Infinera Corporation have deployed the Infinera DTN-X platform as a part of Windstream's network expansion strategy. With the deployment of the Infinera Intelligent Transport Network, Windstream has achieved the following milestones in its network expansion plans this year such as 12 new 100G markets including Buffalo, Denver, Houston, San Antonio, Oklahoma City, and Tulsa; 3,900 additional fiber route miles featuring Infinera's 500G super-channel technology; and 20 Day Express Install guarantee for customers leveraging the Long-Haul Core Network. During the remainder of 2015, Windstream plans to expand 100G service to seven additional markets, including Minneapolis and Louisville in September, and the addition of 5,600 route miles to the Long-Haul Core Network providing additional diverse routing options from major cities.

Infinera Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 27, 2015; Provides Earnings Guidance for the Third Quarter of 2015

Infinera Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 27, 2015. For the quarter, the company reported revenue in the quarter was $207 million, above guidance range and 25% higher than last year's second quarter revenue. The company reported total revenue of $165.4 million a year ago. Non-GAAP gross margin was 47.4%, also above guidance range. In summary, non-GAAP net income for the second quarter was $26 million or $0.18 per diluted share, up from $0.16 per diluted share in the prior quarter and at the high end of guidance range. On a GAAP basis, the company had net income of $18 million or $0.13 per diluted share in the second quarter, compared to net income of $4.8 million or $0.04 per diluted share in the second quarter of 2014. The company generated cash from operations of $55 million in second quarter compared to $20 million in the first quarter. This remarkable second quarter cash generation was driven by excellent operating results and positive working capital trends such as lower AR due to a favorable shipment skew as well as the timing of certain liability accruals. CapEx was $9 million or about 4% of revenue. Income from operations was $16.5 million compared to $8.05 million a year ago. Income before income taxes was $18.9 million compared to $5.4 million a year ago. For the year to date, the company’s total revenue was $394.2 million compared to $308.2 million a year ago. Income from operations was $31.7 million compared to $6.996 million a year ago. Income before income taxes was $31.9 million compared to $1.3 million a year ago. Net income was $30.27 million or $0.22 per diluted share, compared to $0.41 million or $0.00 per diluted share, a year ago. Net cash provided by operating activities was $74.9 million compared to net cash used in operating activities of $5.2 million a year ago. Purchase of property and equipment was $16.1 million compared to $9.99 million a year ago. For the third quarter of 2015, the company projected revenue for the third quarter to be $215 million plus or minus $5 million. The midpoint of this range represents year-over-year growth in the third quarter of 24%. Currently project non-GAAP gross margin to be 46% plus or minus 100 basis points as the company anticipates a continued balance of new footprint builds and incremental capacity on existing networks. The company currently anticipates non-GAAP operating expenses to be $73 million plus or minus $1 million. This represents growth in operating expenses at a slower rate than revenue growth in the quarter, consistent with the long-term operating model. The midpoint of projected guidance translates to a non-GAAP operating margin of 12% plus or minus 100 basis points. The combination of interest and other expense is expected to net out to approximately $500,000, and tax expense should be approximately $1 million. Non-GAAP EPS to be $0.17 per diluted share plus or minus a couple of pennies. As for GAAP EPS, the company projects it to be lower than non-GAAP EPS by about $0.08 per share primarily related to stock-based compensation expense.

Equinix Selects Infinera Corporation Cloud Xpress for Datacenter Interconnect in Hong Kong

Infinera announced that Equinix has selected the Infinera Cloud Xpress to interconnect its Hong Kong datacenters. The Infinera Cloud Xpress offers Equinix a platform with hyper-scale density, operational simplicity and low power consumption. Equinix selected the Infinera Cloud Xpress to serve the growing need for high capacity customer interconnectivity between Equinix facilities in the same metro area, empowering its customers to efficiently grow and extend their ecosystems beyond the confines of a single building. Ideal for high performance datacenter interconnection, the Cloud Xpress leverages Infinera's unique photonic integrated circuit technology to support up to one terabit per second (Tb/s) of input and output capacity in just two rack units. The Cloud Xpress also simplifies operations using only a single fiber to deliver a full super-channel of DWDM line-side capacity. The ultra-low power and rack-and-stack form factor of Cloud Xpress enables Equinix to scale while using the least amount of space and power compared to other similar platforms. In addition, the Cloud Xpress is designed with the flexibility to fit into any datacenter operational model and offers multiple management options including plugging into existing SDN Cloud provisioning systems.

 

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Industry Analysis

INFN

Industry Average

Valuation INFN Industry Range
Price/Earnings 69.1x
Price/Sales 3.9x
Price/Book 5.4x
Price/Cash Flow 67.2x
TEV/Sales 3.2x
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