Shares of Ciena(CIEN Quote) were down 7.6% to $8.88 in recent trading after Merrill Lynch downgraded the stock to underperform from neutral. The firm also said that Wall Street estimates for 2009 seem overly optimistic.
Shares of Motorola(MOT Quote) also fell on Monday, down 6.4% to $5.03. Merrill Lynch downgraded the stock to neutral from buy, adding that the company must turn itself around on many different levels.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,405.83 | 1,102.35 | 2,190.86 | 34.82 |
Oil *
71.98
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UP
68.78
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UP
6.41
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UP
7.13
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UP
0.59
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10 Yr
3.48%
SPDR Gold
110.82
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+0.67%
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+0.33%
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+1.72%
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