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Last $18.01 USD
Change Today -1.10 / -5.76%
Volume 3.3M
As of 8:10 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

infinera corp (INFN) Snapshot

Open
$19.09
Previous Close
$19.11
Day High
$19.13
Day Low
$18.01
52 Week High
04/22/15 - $20.93
52 Week Low
05/16/14 - $8.05
Market Cap
2.3B
Average Volume 10 Days
2.9M
EPS TTM
$0.23
Shares Outstanding
129.6M
EX-Date
--
P/E TM
77.2x
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.

1,530 Employees
Last Reported Date: 04/21/15
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

Midcontinent(r) Deploys Infinera Intelligent Transport Network to Expand Services in Upper Midwestern United States

Infinera announced that Midcontinent has deployed the Infinera DTN-X packet optical transport networking platform in its Upper Midwest service area of the United States to deliver cable television, high-speed Internet and telecom services to its customers. As demand for triple play network services increases, Midcontinent has experienced rapid increases in customer traffic and expects demand to continue to grow. The Infinera DTN-X platform enables Midcontinent to deliver capacity with 100 gigabit per second (Gb/s) coherent transmission using 500 Gb/s super-channels, with a forward-scale design to support in-service migration to terabit super-channels in the future.

Infinera Corporation Provides Earnings Guidance for the Second Quarter of Fiscal 2015

Infinera Corporation provided earnings guidance for the second quarter of fiscal 2015. The company currently projects revenue for the second quarter to be $200 million, plus or minus $5 million. The midpoint of this range represents year-over-year growth in the second quarter of nearly 21%. The company currently projects non-GAAP gross margin to be 46%, plus or minus 100 basis points, as it plans to continue to grow footprint, capitalize on the momentum of field activity and drive down costs through leverage of vertically integrated model. The midpoint of the projected guidance translates to a non-GAAP operating margin of 11%, 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. The company projects non-GAAP earnings to be $0.16 per diluted share, plus or minus a couple of pennies. As for GAAP EPS, the company currently projects it to be lower than non-GAAP EPS by about $0.08 per share, primarily related to stock-based compensation expense. Finally, it anticipates continuing to generate positive free cash flow in the second quarter.

Infinera Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 28, 2015

Infinera Corporation reported unaudited consolidated earnings results for the first quarter ended March 28, 2015. Revenue for the quarter was $186.9 million compared to $142.8 million in the first quarter of 2014. Income from operations was $15.2 million against loss from operations of $1.1 million last year. Income before income taxes was $13 million against loss before income taxes of $4.1 million last year. GAAP net income for the quarter was $12.4 million, or $0.09 per diluted share, compared to net loss of $4.4 million, or $0.04 per basic and diluted share in the first quarter of 2014. Non-GAAP income from operations was $22.8 million against $5.6 million last year. Non-GAAP net income for the quarter was $22.1 million, or $0.16 per diluted share, compared to $4.2 million, or $0.03 per basic and diluted share in the first quarter of 2014. Net cash provided by operating activities was $19.8 million against net cash used in operating activities of $15.4 million last year. Purchase of property and equipment was $7.4 million against $5.6 million last year.

 

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Industry Analysis

INFN

Industry Average

Valuation INFN Industry Range
Price/Earnings 83.3x
Price/Sales 3.4x
Price/Book 4.9x
Price/Cash Flow 81.2x
TEV/Sales 2.8x
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