Jamok,

They do have additional work to do to lift sales, specially diversify customer base, their dependence on a few 10+ % customers is what hit them hard.  That said, the market appears to have confidence the CapEx drought is ending /has ended, the price action across the sector seems to be suggesting an up cycle is near. What INFN got right during the severe slump of the past two years is the products, they are well position to be competitive, product portfolio wise.

I gambled and bought INFN shares the day of the CC, in AH.  The bet was that it was so deeply depressed that any hint of decent news would lift the shares, I am sorry I did not buy more and even sorrier that I sold too soon, it has gone much higher than I anticipated.

I have also added to NOK in the past two months, same bet.