INFN Stock Summary and Trading Ideas (Infinera | NASDAQ:INFN)

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 trades on the NASDAQ stock market under the symbol INFN.

As of December 13, 2024, INFN stock price was flat at $6.58 with 467,999 million shares trading.

INFN has a beta of 1.25, meaning it tends to be more sensitive to market movements. INFN has a correlation of 0.12 to the broad based SPY ETF.

INFN has a market cap of $1.56 billion. This is considered a Small Cap stock.

Last quarter Infinera reported $354 million in Revenue and $.00 earnings per share. This fell short of revenue expectation by $-48 million and missed earnings estimates by -$.07.

In the last 3 years, INFN traded as high as $9.86 and as low as $2.82.

The top ETF exchange traded funds that INFN belongs to (by Net Assets): VTI, IWM, VB, VGT, VXF.

INFN has outperformed the market in the last year with a return of +47.5%, while the SPY ETF gained +31.7%. However, in the most recent history, INFN shares have underperformed the stock market with its stock returning +1.7% in the last 3 month period and -0.5% for the last 2 week period, while SPY has returned +8.4% and +0.9%, respectively.

INFN support price is $6.54 and resistance is $6.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INFN shares will trade within this expected range on the day.