Cisco Up Amid Sector Rally
Cisco (CSCO) - Get Report was up 7.5% in midafternoon, the most actively traded stock on the Nasdaq.
Amid a general tech rally, the network equipment sector in particular was boosted by good news from
Comverse Technologies
(CMVT)
and
Lucent
(LU)
.
Network equipment stocks rising in active trading included
JDS Uniphase
(JDSU)
, up 1.5%,
Juniper
(JNPR) - Get Report
, up 6.3%,
Ciena
(CIEN) - Get Report
, up 5.5%,
Brocade
(BRCD)
, up 12.4%,
Metromedia Fiber Network
(MFNX)
, up 14.7%, and
ADC Telecommunications
(ADCT) - Get Report
, up 4.5%. Comverse was up 14.1%, and on the NYSE, Lucent was up 6.8%.
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