My thoughts on INFN are brief and still rooted in their leading technology.

The obvious things are that INFN is in a broken industry and is a broken stock so long as CenturyLink refrains from ordering and the long haul submarine market remains cold.  The company has managed some success in the ultra competitive Data Center market and struggled to make inroads in the backhaul market (Cell towers to/from Central Offices).

Still, the new products and CenturyLink remain a potential catalyst.  At these prices the stock is very attractive and down side is extremely limited.