Allow Monkey to paraphrase the earnings call:
We’re disappointed in our guidance. Our business is lumpy. Sometime in the future we’ll make more money. But not now. Because we’re great, but just not in terms of making monkey. Just wait another quarter. Or another one after that. Or another after that. Or a few more years. Because bandwith is in high demand. But, you know, customers are still thinking about buying stuff from us. Timing is key and we’re not too good with that because our customers don’t like spending money now because they like spending it later. We have lots of customers and we’re great, but for now we’re not selling as much as we no doubt will. In the future. Which means not now.
The business environment is ok. Not bad, not good. But bandwith demand is high! Just, somehow, not now. We have so much potential! The world needs us! Again, just not now. Or in the next quarter which is why we’re disappointed in our guidance. Because we can’t predict when those nutjob network guys will wake up and find out how incredible we are. But we know it won’t be soon.
Pardon Monkey’s snark. But after so many years of being a shareholder, and being told how amazing the technology is and how badly it’s needed, somehow despite how fundamental the growth in bandwith demand, the money made is always just around the corner.
The only stock Monkey can think of in a similar position is ATVI (Activision) which continued to perform well business-wise while the stock languished. And then one day it popped. But when?
“We’re not just there yet.”
Long INFN (still)(barely)(holding on by my hairy knuckles)