Published on 1 Nov 2023 on Simply Wall St. via Yahoo Finance
When Will Infinera Corporation (NASDAQ:INFN) Turn A Profit?
Infinera Corporation (NASDAQ:INFN) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The US$665m market-cap company posted a loss in its most recent financial year of US$76m and a latest trailing-twelve-month loss of US$7.1m shrinking the gap between loss and breakeven. As path to profitability is the topic on Infinera's investors mind, we've decided to gauge market sentiment. Below we will provide a high-level summary of the industry analysts’ expectations for the company.
View our latest analysis for Infinera
Infinera is bordering on breakeven, according to the 10 American Communications analysts. They anticipate the company to incur a final loss in 2023, before generating positive profits of US$20m in 2024. So, the company is predicted to breakeven just over a year from now. How fast will the company have to grow each year in order to reach the breakeven point by 2024? Working backwards from analyst estimates, it turns out that they expect the company to grow 103% year-on-year, on average, which is rather optimistic! Should the business grow at a slower rate, it will become profitable at a later date than expected.