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.

Agreed and as I told Jamok via PM, I bought more today below 19.  On the recent rise I sold November calls at strikes of 22 and 23 for my existing shares. I would not be surprised if they get called away next month. I probably should have bought them back today when it dropped.

I think the new product does two things. Might decrease margins in the short term, but opens up additional opportunities in the long term. Any margin decrease might be offset with margin increases as existing products become more mature. Of course that would slow the staggering growth rate of the past few years, but I would expect this to be more of a bump than a trend. I think buying under 20 is a good deal.

SUNNYVALE, CA--(Marketwired - Oct 6, 2015) -  Infinera introduced a new unified Intelligent Transport Network product portfolio to address the surge in demand forecast for metro 100 gigabit per second (Gb/s) packet-optical networking solutions in 2016. Mobile, video and cloud-based services are driving a transformation of metro packet-optical networks from 10 Gb/s to 100 Gb/s, and industry analysts forecast a surge in demand for metro 100 Gb/s in 2016. The new portfolio unifies Infinera's long-haul DTN-X platforms with metro packet-optical solutions obtained through the acquisition of Transmode and introduces three new platforms to the DTN-X Family, enabling the company to address the entire wavelength division multiplexing (WDM) market from long-haul to metro access. IHS Research forecasts the end-to-end WDM market will top $15 billion by 2019