Infinera Corp - Understand $infn stock

$INFN Market Cap: $1.572 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.458B

TTM

Gross Margin

38.61%

TTM

Net Earnings

-$111.1M

TTM

Current Assets

$922.1M

Q3 2024

Current Liabilities

$584.4M

Q3 2024

Current Ratio

157.77%

Q3 2024

Total Assets

$1.506B

Q3 2024

Total Liabilities

$1.291B

Q3 2024

Book Value

$214.4M

Q3 2024

Cash

$115.1M

Q3 2024

P/E

-14.15

Nov 29, 2024 EST

Free Cash Flow

$20.13M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$1.614B	$1.573B	$1.425B	$1.356B	$1.299B	$943.4M	$740.7M	$870.1M	$886.7M	$668.1M	$544.1M	$438.4M	$404.9M	$454.4M	$309.1M	$519.2M	$245.9M	$58.20M	$4.100M	$600.0K
YoY Change	2.6%	10.39%	5.13%	4.37%	37.68%	27.36%	-14.87%	-1.87%	32.73%	22.78%	24.1%	8.29%	-10.89%	46.99%	-40.47%	111.14%	322.51%	1319.51%	583.33%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$1.614B	$1.573B	$1.425B	$1.356B	$1.299B	$943.4M	$740.7M	$870.1M	$886.7M	$668.1M	$544.1M	$438.4M	$404.9M	$454.4M	$309.1M	$519.2M	$245.9M	$58.20M	$4.100M	$600.0K
Cost Of Revenue	$991.2M	$1.037B	$927.2M	$946.8M	$972.9M	$622.2M	$496.7M	$476.4M	$483.2M	$379.8M	$325.5M	$280.9M	$239.4M	$248.2M	$204.0M	$285.7M	$169.3M	$71.40M	$27.50M	$7.200M
Gross Profit	$622.9M	$535.8M	$498.0M	$408.8M	$325.9M	$321.2M	$244.0M	$393.7M	$403.5M	$288.3M	$218.6M	$157.6M	$165.5M	$206.2M	$105.1M	$233.6M	$76.60M	-$13.20M	-$23.30M	-$6.600M
Gross Profit Margin	38.59%	34.06%	34.94%	30.16%	25.09%	34.04%	32.94%	45.25%	45.5%	43.15%	40.18%	35.94%	40.87%	45.38%	34.0%	44.99%	31.15%	-22.68%	-568.29%	-1100.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$291.8M	$265.0M	$254.2M	$241.8M	$277.8M	$205.2M	$180.1M	$179.3M	$163.0M	$127.5M	$118.0M	$123.3M	$119.1M	$116.2M	$93.70M	$79.50M	$58.70M	$33.30M	$15.40M	$11.20M
YoY Change	10.1%	4.25%	5.13%	-12.93%	35.37%	13.91%	0.47%	9.97%	27.9%	8.0%	-4.3%	3.52%	2.54%	24.01%	17.86%	35.43%	76.28%	116.23%	37.5%
% of Gross Profit	46.85%	49.47%	51.06%	59.16%	85.23%	63.89%	73.82%	45.54%	40.41%	44.22%	53.98%	78.27%	72.0%	56.36%	89.15%	34.03%	76.63%
Research & Development	$316.9M	$306.2M	$299.9M	$265.6M	$288.0M	$244.3M	$224.4M	$232.1M	$180.7M	$133.5M	$124.8M	$117.2M	$127.1M	$118.5M	$97.30M	$80.60M	$60.90M	$39.00M	$25.00M	$46.30M
YoY Change	3.49%	2.1%	12.9%	-7.76%	17.88%	8.88%	-3.35%	28.47%	35.37%	6.96%	6.45%	-7.78%	7.26%	21.81%	20.72%	32.35%	56.15%	56.0%	-46.0%
% of Gross Profit	50.87%	57.15%	60.22%	64.98%	88.36%	76.07%	91.95%	58.96%	44.79%	46.3%	57.08%	74.4%	76.81%	57.48%	92.58%	34.5%	79.5%
Depreciation & Amortization	$55.80M	$46.10M	$47.10M	$52.30M	$60.00M	$47.70M	$39.40M	$35.50M	$26.80M	$25.90M	$24.50M	$23.50M	$17.70M	$15.40M	$16.50M	$13.00M	$9.800M	$7.500M	$6.400M	$5.600M
YoY Change	21.04%	-2.12%	-9.94%	-12.83%	25.79%	21.07%	10.99%	32.46%	3.47%	5.71%	4.26%	32.77%	14.94%	-6.67%	26.92%	32.65%	30.67%	17.19%	14.29%
% of Gross Profit	8.96%	8.6%	9.46%	12.79%	18.41%	14.85%	16.15%	9.02%	6.64%	8.98%	11.21%	14.91%	10.7%	7.47%	15.7%	5.57%	12.79%
Operating Expenses	$627.8M	$595.9M	$585.5M	$564.0M	$676.2M	$506.8M	$427.1M	$419.5M	$343.7M	$261.0M	$242.8M	$240.6M	$246.1M	$234.9M	$191.0M	$160.1M	$119.6M	$72.40M	$40.30M	$57.50M
YoY Change	5.34%	1.79%	3.81%	-16.59%	33.41%	18.67%	1.81%	22.04%	31.72%	7.47%	0.94%	-2.26%	4.79%	22.97%	19.3%	33.86%	65.19%	79.65%	-29.91%
Operating Profit	-$4.840M	-$60.16M	-$87.48M	-$155.2M	-$350.2M	-$185.7M	-$183.1M	-$25.77M	$59.74M	$27.34M	-$24.19M	-$83.00M	-$80.65M	-$28.69M	-$85.90M	$73.50M	-$43.00M	-$85.60M	-$63.60M	-$64.10M
YoY Change	-91.95%	-31.23%	-43.63%	-55.69%	88.62%	1.42%	610.36%	-143.15%	118.48%	-213.05%	-70.86%	2.92%	181.11%	-66.6%	-216.87%	-270.93%	-49.77%	34.59%	-0.78%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	$30.61M	$26.02M	$49.10M	$46.73M	$31.66M	$22.05M	$14.02M	$12.89M	$11.94M	$11.02M	$6.061M	$0.00	$0.00	$1.400M	$2.700M	$8.500M	$4.300M	-$2.800M	-$2.100M	-$800.0K
YoY Change	17.66%	-47.02%	5.07%	47.61%	43.58%	57.3%	8.77%	7.92%	8.35%	81.83%			-100.0%	-48.15%	-68.24%	97.67%	-253.57%	33.33%	162.5%
% of Operating Profit									19.99%	40.31%						11.56%
Other Income/Expense, Net	-$12.57M	$4.646M	-$71.31M	-$45.49M	-$33.43M	-$29.27M	-$12.85M	-$3.407M	-$7.705M	-$10.93M	-$6.279M	-$139.0K	$595.0K	$1.074M	-$400.0K	-$500.0K	-$16.20M	-$1.600M	-$200.0K	-$1.600M
YoY Change	-370.51%	-106.52%	56.77%	36.09%	14.19%	127.81%	277.14%	-55.78%	-29.51%	74.07%	4417.27%	-123.36%	-44.6%	-368.5%	-20.0%	-96.91%	912.5%	700.0%	-87.5%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	-$17.41M	-$55.51M	-$158.8M	-$200.7M	-$383.7M	-$215.0M	-$195.9M	-$29.18M	$52.03M	$16.41M	-$30.50M	-$83.14M	-$80.05M	-$27.62M	-$88.50M	$81.50M	-$55.10M	-$89.90M	-$66.00M	-$66.50M
YoY Change	-68.64%	-65.04%	-20.88%	-47.69%	78.49%	9.7%	571.45%	-156.08%	217.03%	-153.81%	-63.31%	3.86%	189.89%	-68.8%	-208.59%	-247.91%	-38.71%	36.21%	-0.75%
Income Tax	$7.800M	$20.50M	$12.00M	$6.000M	$3.000M	-$700.0K	-$1.400M	-$4.800M	$1.081M	$2.753M	$1.700M	$2.190M	$1.691M	$317.0K	-$1.900M	$2.700M	$300.0K	$100.0K	$0.00	$0.00
% Of Pretax Income									2.08%	16.77%						3.31%
Net Earnings	-$25.21M	-$76.04M	-$170.8M	-$206.7M	-$386.6M	-$214.3M	-$194.5M	-$23.93M	$51.41M	$13.66M	-$32.12M	-$85.33M	-$81.74M	-$27.93M	-$86.60M	$78.70M	-$55.30M	-$89.90M	-$64.80M	-$66.50M
YoY Change	-66.84%	-55.47%	-17.39%	-46.53%	80.41%	10.17%	712.91%	-146.54%	276.4%	-142.53%	-62.36%	4.39%	192.65%	-67.75%	-210.04%	-242.31%	-38.49%	38.73%	-2.56%
Net Earnings / Revenue	-1.56%	-4.83%	-11.98%	-15.25%	-29.77%	-22.72%	-26.26%	-2.75%	5.8%	2.04%	-5.9%	-19.46%	-20.19%	-6.15%	-28.02%	15.16%	-22.49%	-154.47%	-1580.49%	-11083.33%
Basic Earnings Per Share	-$0.11	-$0.35	-$0.82	-$1.10	-$2.16	-$1.36	-$1.32	-$0.17	$0.39	$0.11	-$0.27	-$0.77	-$0.78	-$0.28
Diluted Earnings Per Share	-$0.11	-$0.35	-$0.82	-$1.10	-$2.16	-$1.36	-$1.32	-$0.17	$0.36	$0.11	-$0.27	-$0.77	-$0.78	-$0.28	-$906.8K	$810.5K	-$1.091M	-$1.082M	-$779.8K	-$800.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments	$172.5M	$178.7M	$190.6M	$298.0M	$109.2M	$229.5M	$263.9M	$304.3M	$274.7M	$326.1M	$297.0M	$180.8M	$195.8M	$281.7M	$253.2M	$235.0M	$272.4M	$29.60M	$37.10M
YoY Change	-3.44%	-6.27%	-36.04%	172.89%	-52.42%	-13.04%	-13.28%	10.78%	-15.76%	9.8%	64.27%	-7.66%	-30.49%	11.26%	7.74%	-13.73%	820.27%	-20.22%
Cash & Equivalents	$172.5M	$178.7M	$190.6M	$298.0M	$109.2M	$203.0M	$116.3M	$162.6M	$149.1M	$86.50M	$124.3M	$104.7M	$94.50M	$113.6M	$109.9M	$166.8M	$91.20M	$28.90M	$36.00M
Short-Term Investments					$0.00	$26.50M	$147.6M	$141.7M	$125.6M	$239.6M	$172.7M	$76.10M	$101.3M	$168.0M	$143.4M	$68.20M	$181.2M	$700.0K	$1.100M
Other Short-Term Assets	$129.7M	$159.7M	$150.8M	$175.1M	$143.5M	$98.60M	$43.10M	$42.80M	$29.50M	$24.60M	$17.80M	$10.90M	$16.50M	$17.70M	$15.70M	$8.800M	$83.00M	$66.00M	$5.900M
YoY Change	-18.78%	5.9%	-13.86%	22.02%	45.54%	128.77%	0.7%	45.08%	19.92%	38.2%	63.3%	-33.94%	-6.78%	12.74%	78.41%	-89.4%	25.76%	1018.64%
Inventory	$431.2M	$374.9M	$291.4M	$269.3M	$340.4M	$311.9M	$214.7M	$233.0M	$174.7M	$146.5M	$123.7M	$127.8M	$89.00M	$81.90M	$68.90M	$59.00M	$58.60M	$58.30M	$24.70M
Prepaid Expenses
Receivables	$382.0M	$419.7M	$359.0M	$319.4M	$349.6M	$317.1M	$126.2M	$150.4M	$186.2M	$154.6M	$100.6M	$107.0M	$80.60M	$75.90M	$69.50M	$69.40M	$39.20M	$41.60M	$3.400M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.900M	$1.400M	$4.500M	$900.0K	$1.000M	$1.100M	$500.0K	$1.500M
Total Short-Term Assets	$1.115B	$1.133B	$991.8M	$1.062B	$942.8M	$957.1M	$647.9M	$730.4M	$665.1M	$651.9M	$539.1M	$429.5M	$383.2M	$461.6M	$408.2M	$373.2M	$454.3M	$196.0M	$72.50M
YoY Change	-1.55%	14.24%	-6.61%	12.63%	-1.49%	47.72%	-11.3%	9.82%	2.02%	20.92%	25.52%	12.08%	-16.98%	13.08%	9.38%	-17.85%	131.79%	170.34%
Property, Plant & Equipment	$247.0M	$207.5M	$205.6M	$222.0M	$218.9M	$342.8M	$135.9M	$124.8M	$110.9M	$81.60M	$79.70M	$80.30M	$76.80M	$51.70M	$43.70M	$46.80M	$37.00M	$26.70M	$14.50M
YoY Change	19.04%	0.93%	-7.41%	1.42%	-36.14%	152.24%	8.89%	12.53%	35.91%	2.38%	-0.75%	4.56%	48.55%	18.31%	-6.62%	26.49%	38.58%	84.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments						$0.00	$36.10M	$47.80M	$91.00M	$73.70M	$73.40M	$11.90M	$63.30M	$14.50M	$18.30M	$74.70M	$30.10M	$0.00
YoY Change						-100.0%	-24.48%	-47.47%	23.47%	0.41%	516.81%	-81.2%	336.55%	-20.77%	-75.5%	148.17%
Other Assets	$51.50M	$48.24M	$47.55M	$50.30M	$46.40M	$41.00M	$9.900M	$10.30M	$9.300M	$10.90M	$8.800M	$6.500M	$8.400M	$23.70M	$21.80M	$11.10M	$6.200M	$6.000M	$13.10M
YoY Change	6.75%	1.47%	-5.48%	8.41%	13.17%	314.14%	-3.88%	10.75%	-14.68%	23.86%	35.38%	-22.62%	-64.56%	8.72%	96.4%	79.03%	3.33%	-54.2%
Total Long-Term Assets	$563.9M	$536.2M	$595.5M	$670.6M	$685.5M	$844.2M	$469.8M	$468.2M	$559.1M	$166.1M	$161.8M	$98.70M	$148.5M	$89.90M	$83.70M	$133.9M	$74.90M	$34.50M	$28.40M
YoY Change	5.16%	-9.96%	-11.2%	-2.17%	-18.8%	79.69%	0.34%	-16.26%	236.6%	2.66%	63.93%	-33.54%	65.18%	7.41%	-37.49%	78.77%	117.1%	21.48%
Total Assets	$1.679B	$1.669B	$1.587B	$1.733B	$1.628B	$1.801B	$1.118B	$1.199B	$1.224B	$818.0M	$700.9M	$528.2M	$531.7M	$551.5M	$491.9M	$507.1M	$529.2M	$230.5M	$100.9M
YoY Change
Accounts Payable	$299.0M	$304.9M	$216.4M	$175.8M	$273.4M	$191.2M	$58.10M	$62.50M	$92.60M	$61.50M	$39.80M	$61.40M	$48.80M	$35.70M	$31.10M	$34.00M	$17.50M	$41.80M	$14.50M
YoY Change	-1.93%	40.88%	23.1%	-35.7%	42.99%	229.09%	-7.04%	-32.51%	50.57%	54.52%	-35.18%	25.82%	36.69%	14.79%	-8.53%	94.29%	-58.13%	188.28%
Accrued Expenses	$213.2M	$197.3M	$213.7M	$175.9M	$239.1M	$195.1M	$95.30M	$92.70M	$98.20M	$73.40M	$66.30M	$51.50M	$44.00M	$48.50M	$35.40M	$27.40M	$31.10M	$22.70M	$9.300M
YoY Change	8.08%	-7.66%	21.46%	-26.43%	22.55%	104.72%	2.8%	-5.6%	33.79%	10.71%	28.74%	17.05%	-9.28%	37.01%	29.2%	-11.9%	37.0%	144.09%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$10.00K	$33.00K	$0.00	$31.70M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-100.0%	-69.7%		-100.0%
Long-Term Debt Due	$25.51M	$500.0K	$1.791M	$103.1M	$1.400M	$4.700M	$144.9M										$0.00	$20.00M	$12.40M
YoY Change	5002.4%	-72.08%	-98.26%	7264.29%	-70.21%	-96.76%											-100.0%	61.29%
Total Short-Term Liabilities	$674.0M	$703.9M	$612.5M	$633.9M	$715.3M	$502.9M	$374.7M	$216.5M	$237.0M	$174.3M	$140.9M	$144.0M	$119.5M	$120.1M	$101.3M	$83.50M	$216.8M	$193.8M	$42.90M
YoY Change	-4.25%	14.93%	-3.38%	-11.38%	42.24%	34.21%	73.07%	-8.65%	35.97%	23.7%	-2.15%	20.5%	-0.5%	18.56%	21.32%	-61.49%	11.87%	351.75%
Long-Term Debt	$658.8M	$667.7M	$477.7M	$447.4M	$326.1M	$460.5M	$0.00	$133.6M	$123.3M	$116.9M	$109.2M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.400M	$11.40M
YoY Change	-1.34%	39.77%	6.78%	37.2%	-29.19%		-100.0%	8.35%	5.47%	7.05%							-100.0%	-26.32%
Other Long-Term Liabilities	$128.1M	$115.5M	$170.9M	$220.8M	$191.7M	$120.8M	$56.00M	$60.80M	$51.00M	$44.90M	$33.00M	$28.00M	$24.40M	$20.70M	$22.10M	$18.10M	$17.90M	$14.10M	$20.20M
YoY Change	10.92%	-32.41%	-22.62%	15.18%	58.69%	115.71%	-7.89%	19.22%	13.59%	36.06%	17.86%	14.75%	17.87%	-6.33%	22.1%	1.12%	26.95%	-30.2%
Total Long-Term Liabilities	$786.9M	$783.2M	$648.6M	$668.2M	$517.8M	$581.3M	$56.00M	$194.4M	$174.3M	$161.8M	$142.2M	$28.00M	$24.40M	$20.70M	$22.10M	$18.10M	$17.90M	$22.50M	$31.60M
YoY Change	0.47%	20.75%	-2.93%	29.05%	-10.92%	938.04%	-71.19%	11.53%	7.73%	13.78%	407.86%	14.75%	17.87%	-6.33%	22.1%	1.12%	-20.44%	-28.8%
Total Liabilities	$1.463B	$1.489B	$1.263B	$1.306B	$1.242B	$1.097B	$452.3M	$436.3M	$462.0M	$336.1M	$283.1M	$172.0M	$143.9M	$140.8M	$123.4M	$101.6M	$234.6M	$216.2M	$74.50M
YoY Change	-1.8%	17.89%	-3.27%	5.19%	13.16%	142.63%	3.67%	-5.56%	37.46%	18.72%	64.59%	19.53%	2.2%	14.1%	21.46%	-56.69%	8.51%	190.2%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	226.7M shares	216.4M shares	207.4M shares	188.2M shares	179.0M shares	157.7M shares	147.9M shares	143.0M shares	133.3M shares	123.7M shares	117.4M shares	110.7M shares	105.4M shares	99.38M shares
Diluted Shares Outstanding	226.7M shares	216.4M shares	207.4M shares	188.2M shares	179.0M shares	157.7M shares	147.9M shares	143.0M shares	143.2M shares	128.6M shares	117.4M shares	110.7M shares	105.4M shares	99.38M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.5724 Billion

About Infinera Corp

Infinera Corp. engages in the provision of networking solutions, which consists of networking equipment, software and services. The company is headquartered in San Jose, California and currently employs 3,389 full-time employees. The company went IPO on 2007-06-07. The Company’s solutions deliver economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. Its hardware product portfolio consists of compact modular platforms, packet-optical platforms, optical line systems, and optical subsystems. Its software products include the Infinera Transcend Software Suite, which includes automation and network management software. These products address multiple market segments in the end-to-end transport infrastructure, including metro, long-haul and subsea. The company also provides customer support services, including professional service offerings designed to help customers optimize their network assets and migrate legacy services.

Industry: Telephone & Telegraph Apparatus Peers: ADTRAN Holdings, Inc. Clearfield, Inc. AVIAT NETWORKS, INC. Cambium Networks Corp CISCO SYSTEMS, INC. DIGI INTERNATIONAL INC EXTREME NETWORKS INC HARMONIC INC NETGEAR, INC. Ribbon Communications Inc.