옵션 체인은 다양한 행사가격과 만기일에 대한 Infinera의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Infinera에 대한 시장 심리를 평가합니다..

Infinera (NASDAQ:INFN) 주식, 옵션 체인

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.

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금요일 오전 (미 동부 시간 기준) 미국 주식 선물 거래가 혼조세를 보이고 있는 가운데 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다: 크라운 크래프(NASDAQ:CRWS)는 개장 전 4분기 실적을 발표할 예정이다. 크라운 크래프트의 주식은 시간외 거래에서 1% 상승한 5.05달러를 기록했다.

금요일 주목해야 할 주식: 나이키, 인피네라, 노키아 그리고 2종목

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Movers

인피네라 코퍼레이션(NASDAQ:INFN)의 주가는 노키아(NYSE:NOK)가 인피네라를 주당 6.65달러에 인수할 것이라고 발표한 후 목요일 시간외 거래에서 급등했다. 상세 내용 (The Details): 두 회사는 노키아가 인피네라를 주당 6.65달러, 기업 가치 23억 달러로 평가하는 거래를 통해 인수하는 최종 계약을 발표했다.

인피네라: 노키아의 인수 발표에 주가 급등

Infinera Corp

Rosenblatt analyst Mike Genovese maintains Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) with a Neutral and maintains $6.65 price target.

Price Target

Analyst Ratings

Rosenblatt Maintains Neutral on Infinera, Maintains $6.65 Price Target

Infinera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) reported quarterly sales of $354.40 million which missed the analyst consensus estimate of $402.87 million by 12.03 percent. This is a 9.68 percent decrease over sales of $392.37 million the same period last year.

Earnings Misses

Infinera Q3 Sales $354.40M Miss $402.87M Estimate

This proposed direct funding, when combined with investment tax credits available under the CHIPS and Science Act, could result in more than&nbsp;$200 million&nbsp;in total federal incentives as well as potential state and local incentives. 
&nbsp;

Infinera Signs Non-binding Preliminary Memorandum Of Terms To Receive Up To $93M In Direct Funding As Part Of CHIPS Act Funding

Nokia Oyj&nbsp;is a worldwide provider of telecom equipment and network infrastructure solutions. The computer and technology sector giant is a major facilitator of 5G and 4G infrastructure deployment along with competitor Telefonaktiebolaget LM Ericsson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eric#NASDAQ">ERIC</a>).
<h2>Nokia Offers Solutions for All Networks </h2>
Originally known as a dominant mobile phone manufacturer before the age of smartphones, Nokia migrated towards becoming an end-to-end network infrastructure solutions provider. They have expanded their services to cover a wide range of networks, including:
<ul>
<li>Mobile Networks: Nokia provides hardware and software to outfit and manage 5G and earlier generation networks to telecom and wireless cellular providers like T-Mobile US Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmus#NASDAQ">TMUS</a>). It was a pioneer in spearheading 5G rollouts and will be a key player in 6G, which is expected to expand the metaverse and extended reality (XR). The commercial rollout is expected to be commercially available by 2030.</li>
<li>Cloud Networks: Nokia offers cloud infrastructure services, including software-defined networking (SDN) and network security solutions. They provide network management and optimization software and tools.</li>
<li>Optical Networks: Nokia offers high-capacity optical transport solutions to enable data transmission over long distances, as well as internet protocol (IP) networking routers and switches that enable data transmission across networks.</li>
</ul>
<h2>Nokia&#39;s Business Is Still Normalizing </h2>
Macroeconomic pressures on telecom operators have caused them to slow down their spending, which is having an impact on Nokia, especially with the tough YoY comps.
Nokia reported that in the second quarter of 2024, EPS was 7 cents, which managed to beat consensus estimates by a penny. Revenues fell 21.8% YoY to $4.87 billion due to tough comps and normalization from an exceptional 2023 year-ago quarter. This missed consensus expectations of $5.13 billion.
<h2>Revenue Decline By Segments </h2>
Nokia faced revenue declines in all its segments. Network Infrastructure sales fell 11% YoY. This caused management to lower their sales forecasts to negative 2% to 3%, down from up 2% to 8%. Operating margins are expected to be between 11.5% and 14.5%.
The Cloud and Network Services segment saw a 16% YoY sales drop, which also included the 3% headwind from divesting its device management and service platform. Sales guidance moving forward was lowered from negative 5% to flat, down from negative 2% to 3%. Operating margin estimates remain unchanged, around 6% to 9%.
The Mobile Networks segment saw the worst revenue decline of 24% YoY due to macroeconomic pressure and the normalization in India. This was due to experiencing the most 5G deployment in the same quarter last year in India. Management revised down the decline from negative 19% to negative 14% with operating margins in the 4% to 7% range.
While the decline in revenue by segments appears ugly, the reality is that India&#39;s 5G infrastructure spending actually peaked in 2023, resulting in outsized revenue spikes for Nokia last year. What goes up quickly will often take longer to normalize, and that&#39;s what is happening now. North America&#39;s revenues and most other major regions were positive. This is why the stock actually rallied from $3.60 after the Q2 2024 earnings release.
<h2>Optical Networks Segment Integration of Infinera </h2>
Nokia announced on June 27, 2024, that it would be acquiring optical network solutions provider Infinera Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infn#NASDAQ">INFN</a>) for $6.65 per share. This will bolster its largest segment, Optical Networks, adding over $1.5 billion in annual sales to its ledger. The deal is expected to close in the first half of 2025.
<h2>NOK Stock Forms an Ascending Triangle Pattern </h2>
An ascending price channel is comprised of ascending or rising upper trendline resistance and ascending lower trendline support. A breakout forms when the stock surges through the upper trendline, and a breakdown occurs when the stock falls below the lower trendline support.
<img alt="Nokia NOK stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241014054528_chartx-nok.jpg" style="height:779px; width:915px" />
NOK stock has been uptrending since its Q2 2024 earnings report. The daily candlestick chart illustrates an ascending triangle pattern with a flat-top upper trendline resistance near $4.54, which also happens to be the consensus analyst target. The rising lower trendline has held pullbacks at higher levels as the stock nears the apex point, where it will either break out or break down, falling through the lower trendline. The daily RSI fell to the 54-band. Fibonacci (Fib) pullback support levels are at $4.21, $4.01, $3.80 and $3.64.
Nokia&#39;s average consensus price target is $4.54, and its highest analyst price target sits at $6.50. It has two Buy, four Hold, and two Sell ratings from analysts. The stock trades at 12.11x forward earnings.
Actionable Options Strategies: Bullish investors can consider using cash-secured puts to buy NOK at the Fib pullback support levels for entry and write covered calls to execute a wheel strategy for income in addition to the 1.83% annual dividend yield.
The article &quot;<a href="https://www.marketbeat.com/originals/dont-sleep-on-nokia-quietly-accelerating-into-infinera-merger/">Don&#39;t Sleep on Nokia: Quietly Accelerating Into Infinera Merger</a>&quot; first appeared on MarketBeat.

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Don't Sleep on Nokia: Quietly Accelerating Into Infinera Merger

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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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

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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

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>
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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

WIIM

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

Infinera to get up to $93M in CHIPS Act funding

Why Nokia Fell After Posting Q3 2024 Earnings (Rating Downgrade)

Pre-earnings options volume in Infinera (INFN) is normal with calls leading puts 2:1. Implied volatility suggests the market is anticipating a move...

Infinera options imply 1.6% move in share price post-earnings

Reports Q3 revenue $354.4M, consensus $402.87M. Infinera (INFN) CEO, David Heard said "Our team delivered another quarter with continued sequential...

Infinera reports Q3 EPS 0c, consensus 7c

Infinera Non-GAAP EPS of $0.00 misses by $0.06, revenue of $354.4M misses by $49.62M

B.Riley Financial analyst Dave Kang downgraded the rating on Infinera (INFN – Research Report) to a Hold today, setting a price target of $6.65. Da...

Infinera Stock Downgraded to Hold Amid Revenue Shortfalls and Nokia Acquisition Cap

B. Riley downgraded Infinera (INFN) to Neutral from Buy with an unchanged price target of $6.65. The firm cites valuation for the downgrade with th...

Infinera downgraded to Neutral from Buy at B. Riley

Infinera cut to Neutral at B. Riley on valuation

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Tudor Investment adds Infinera, Trane, exits Disney, UnitedHealth, among top Q3 trades

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Press Releases

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

Infinera Signs Non-Binding Preliminary Memorandum of Terms to Receive Up to $93 Million in CHIPS Act Funding

Infinera Corporation Reports Third Quarter 2024 Financial Results

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