On August 9 2023, INFINERA CORPORATION ($NASDAQ:INFN) released their financial results for the second quarter of FY2023, which showed total revenue of USD 376.2 million, a 5.1% year-over-year rise. Net income came in at USD -20.3 million, a marked increase from the -55.7 million reported in the corresponding period the preceding year.
GoodWhale has analyzed INFINERA CORPORATION‘s financials and come to several conclusions. According to Star Chart, INFINERA CORPORATION is strong in terms of asset growth, medium in terms of profitability, and weak in terms of dividend. INFINERA CORPORATION’s cashflows and debt have resulted in a low health score of 3/10, indicating that it is less likely to be able to safely ride out any crisis without the risk of bankruptcy. INFINERA CORPORATION is classified as a ‘cheetah’, a type of company that is characterized by having high revenue or earnings growth but is considered less stable due to its lower profitability. Given these characteristics, investors who are looking for higher risk, high reward investments may be interested in investing in INFINERA CORPORATION. These types of investors may be willing to tolerate greater potential losses in exchange for the possibility of greater gains. Investors who are more conservative may not find this company’s profile attractive. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Infinera Corporation. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Infinera Corporation. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Infinera Corporation. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Infinera Corporation are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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The competition in the telecommunications industry is fierce. Companies are constantly trying to one-up each other with new technology and better service. This is especially true for Infinera Corp, which competes against Casa Systems Inc, Xtera Communications Inc, and Zinwell Corp. All of these companies are trying to provide the best products and services to their customers.
Casa Systems is a leading provider of next-generation software-centric cable access solutions that power advanced broadband networks. The company’s technology enables cable service providers to offer gigabit Internet speeds over existing HFC networks and meet the growing demand for data-intensive services. Casa Systems’ solutions have been deployed by over 150 cable operators around the world, including Comcast, Liberty Global, Telefonica, Vodafone and many others.
– Xtera Communications Inc ($OTCPK:XCOMQ)
Xtera Communications Inc is a telecommunications company that provides high-speed data services to businesses and consumers. The company has a market capitalization of $125.74 million and a return on equity of -1985.76%. The company provides services to businesses and consumers in the United States, Canada, and Europe.
Zinwell Corp is a leading manufacturer of electronic equipment. The company has a market cap of 5.29B as of 2022 and a return on equity of -2.28%. The company manufactures a wide range of electronic equipment, including televisions, radios, and other electronic devices. Zinwell Corp is headquartered in Taiwan and has manufacturing facilities in China.
INFINERA CORPORATION‘s latest financial report for Q2 2023 showed an overall positive trend, with total revenue rising by 5.1% year-over-year. Net income turned positive compared to the negative results reported in the same quarter of the previous year. Investors should be encouraged by the strong revenue growth and the steady improvement of net income, as these suggest the company’s performance is heading in the right direction. Going forward, it will be important to monitor the company’s financials and see if this positive trend continues.