lt cap,

Good to hear that VZ will start testing 5g in 2016- A shame that doesn't easily translate into capex spending in a significant way until sometime later, as CIEN's revenue miss was atributed to ATT not spending as much capex as anticipated, altho that ''miss' was apparently 'forgiven' as it was seen, IIRC, as simply a 'delay' that will show up in CIEN's revs soon.

Haven't read everything on the board yet, but I'm a bit bummed by Goldman's sell rating crushing INFN down 4% - I own 'unoptioned' shares that are now underwater, and my bet guess is to hang on and wait until the dust clears - altho if other anaysts take up that drumbeat, I may be sitting with those shares for some time. Eventually, if Goldman is correct, those stagnant margins will begin to improve. I would find it hard to believe that INFN's acquisition of....(can't recall the co) will not benefit them, as Fallon said in the CC that it absolutely was a great fit with their products and plans. How patient the market wants to be about that, esp. if Goldman's critique is correct - well, no doubt I'll see.

IMO, INFN was fully valued, I am not surprised Goldman Sachs downgraded it.  Their reasoning seems correct given that INFN's Metro Network product will have more competition and from bigger and more established players, which will result in lower gross margins.  The company is an excellent company, so even if in the long run it manages to grab a significant percentage of the Metro Market, Goldman is taking the conservative route in recommending clients to lighten up after the massive run the stock has had.

That said, if the company surprises in its next CC, it could just as well go back to the 24 level, in this market I would not bet against stocks with momentum.