If I understand this, INFN is 'playing dead' quite realistically here, and while there might be a rebound to some degree (-17% seems harsh), the bull analysts will likely disappear. And as you said, delayed orders and untested products seem to dominate the near to mid turn. Almost down near where I bought it. Sounds like it won't be worth buying until late 2017, or somewhat into 2018, the latter being the best guess. A few years ago Fallon had good CC's  down to a science. But disappointing earnings is probably both something he doesn't handle with much aplomb, and it's hard to miss and give poor guidance the green light. 'Delayed orders' seems to be the mantra of all the companies in this sector when things go haywire.

Frankly the quarter was fugly, the yet to complere merger between Level3 Communications and Century Link is killing INFN's prospects for a rebound, these were big customers and they have halted orders, once the merger completes it should lift the very dark cloud within months of its completion.

Here is Lightreading.com's take and they quote a couple of analysts:

lightreading.com/op...35213?

The Level 3 and Century link is expected to close this fall, it has had  its share of objections, so it may be why it has taken so long.  Still, even after it closes, I would not expect the order spigot to open immediately, these companies need to merge because they have been operationally weak, so they are looking to consolidate expenses to save on costs.  I would ecpect the merged company to resume orders in Q1 2018.  All that said, the combined company should be in great shape and return to growth. I too would still expect the merged company to continue being a 10% or more company once it starts ordering again.

barrons.com/ar...772992

lt cap,

Thanks for the article - concise summary of INFN's position and prospects.  I'm glad to see some analysts still bullish once the new products hit the market -  being rather snarky, I'm beginning to wonder if INFN is becoming the Chicago Cubs of the sector - "Wait till next year" was the promise that wasn't fulfulled for a century. Still snarky, I remember the time a couple years back when the current line up of an important sector for INFN's products were bypassed by an elegant software solution by the function by a fairly small company. Hope that never happens again.

OT yes OT yes, alternate universe question (and sorry to 'poll' it here, but we're all gamers.) Anybody with experience with an Oculus rift system @ $399, and whether that's a good idea, or that VR products need refinement to make it worth buying?  TIA.

Jamok,

The company will do exceedingly well, unfortunately not this year.  However, the stock has been punished beyond reason, more so considering the great prospects starting in 2018.  Regardless, the market is what it is.

The stock is in oversold territory, it should bounce towards the high 9s or low 10s, from these deeply oversold levels. With the new products, I would not be surprised if the shares reach the mid teens before end of 2018