lt cap,

According to today's Barron's William Blair has also jumped on the CIEN bandwagon, saying that the CC tomorrow should be quite a good one. 

I'm not sure I can account for what's going on in the sector. INFN had a fine quarter, but is far ways away from it's 52 week high around $24. Two quarters ago, CIEN had a good report, everyone was lauding it (and the analyst from either yesterday or today's Barrons did put a $28-$30 PT on it, as the CC propelled it to 25 or so. While last quarter was not good news, beating it down into the teens seemed a bit harsh. (It has recovered to a bit over 20.) As I've said before, I have to look at these optical networkers as a long term proposition. Hence why the guy you quoted said something to the effect that whether the CC was good or bad - buy this stock. 

I may never 'get it' - INFN as low as the $13's (well briefly) and they've done nothing wrong - and Fallon is being publicly bullish about the Transmode acquisition and its integration into INFN, and he expects it to add to revenues rather quickly. Why there's not a lot more enthusiasm for a sector that is going to see robust secular growth just beats me. But that's ok.