Cisco Rises as Sector Bounces Back
Cisco (CSCO) - Get Report was up 10.8% in midafternoon, the most active stock on the Nasdaq, as network equipment stocks regained some of their losses of the last few weeks.
By the end of the regular session Wednesday, Cisco had fallen 24.8% from a closing of $21.87 on June 7. In midafternoon,
JDS Uniphase
(JDSU)
was up 10.1%,
Ciena
(CIEN) - Get Report
was up 8.4%,
Brocade
(BRCD)
was up 5.8% and
Corvis
(CORV) - Get Report
was up 8.2%.
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