First let me say that I do not know anything is wrong.  However, Launching a new product is typically expensive, so there may be a period of lull in earnings wise due to increased expenses.

That said, I still continue to think the stock is digesting the huge move it has had, so it should be just a period of consolidating those gains (channeling between high teens to low 20s), I also think that so long as the company continues to manage expectations as well as it has done so far, it is just a matter of time before the company can prove that their Metro Product is superior than the competition.

One analyst (forget who), stated that with Infinera entering the the Metro Network Market, it would have to compete agaisnt many as it is a far more competitive segment.  This in turn would lower the gross margins, as it would not get the same kind of gross margins as it is getting in its DTN-X product line.  The claim is probably true, but what would it matter if INFN starts penetrating this new market and as a result it adds to the earnings growth?

Growth to the Bottom Line (i.e. Earnings growth) is what will rule the day.  If INFN gets significant market share in this new segment, the street will continue to love the company.  Therefore, I would keep an eye on the Metro Networks product.