A good presentation by the CFO today at the Jefferies investment conference. INFN is on track to exit this year with Gross Margin in the low 40's and GM can reach the 45% level eventually with the current DTN-X product. Longer term other functionalities and capabilities will be added to the DTN-X product that will take GM above 45%. MPLS was mentioned in the presentation as something that is on the way and the terabit PIC is also coming.
My thoughts - INFN has demonstrated that this business can grow revenue at a 20% rate. Once GM reaches 45% and then continues to move even higher and the profitability of the business really starts to pick up this stock can be a huge winner.