Infinera's Metro Expansion

NOON -- Infinera Corp. (Nasdaq: INFN) is finally ready with that metro product, according to a research note from George Notter at Jefferies & Company Inc. this morning.

He says it's called the ATN (Access Transport Node) and that it's shipping into three customer trials.

Infinera is essentially a one-product company targeting long-haul DWDM, so a metro box would be a move so obvious that even journalists have been asking Infinera about it for a couple of years. Last summer, Infinera acknowledged that it's working on such a beast. (See Infinera Surprises, Targets Metro Access, Metro Move for Infinera?, and Infinera Numbers.)

Notter thinks a metro product would double Infinera's addressable market. The news isn't giving Infinera's stock a kick, though. On a down day for the market, Infinera is down, too, off 29 cents (3.4%) at $8.31. By the way, Infinera had mentioned winning a submarine network job recently. Notter says it's with Telefónica SA (NYSE: TEF), and it's just a single deal, not a "larger strategic vendor relationship."

— Craig Matsumoto, West Coast Editor, Light Reading

mellonHead 12/5/2012 | 4:04:48 PM
re: Infinera's Metro Expansion

Craig,   what is the est. of addressable market now?   $2B?






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