Sycamore Networks - Upgrades & Downgrades

TheStreet Ratings released rating changes on 10 U.S. common stocks for September 2, 2010. Seven stocks were downgraded and three stocks have been upgraded by our stock model.
Author:
Publish date:

NEW YORK (

TheStreet

) -TheStreet Ratings' stock model upgraded

Sycamore Networks

(SCMR)

to 'Hold' from 'Sell'. Net income at this $765 million market cap, bandwidth management company rose to $520 thousand in fiscal fourth quarter of 2010 after nine straight quarters of losses.

TheStreet Ratings released rating changes on 9 additional U.S. common stocks for September 2, 2010. In total, seven stocks were downgraded and three stocks have been upgraded by our stock model.

Revenue at Sycamore Networks jumped by 29% to $22 million in the current quarter, from the same quarter one year earlier. Learn more about Sycamore Networks:

Company Profile

,

Income Statement

,

Balance Sheet

,

Stock Ratios

,

Analyst Ratings

.

Heading the other direction, being downgraded to 'Sell' from 'Hold', is

H&R Block Inc

(HRB) - Get Report

. The stock of this $4.1 billion market capitalization, tax preparation company, has lost nearly half of its value since mid January and just set a new 52-week low. H&R Block earnings follow a cyclical pattern of losing money in the first two quarters and earning nearly all of the profits for each year in its fiscal fourth quarter due to the seasonality of tax preparation. Flat revenue and a slightly narrower loss of $130 million in fiscal first quarter on job cutting has not impressed investors. Learn more about H&R Block:

Company Profile

,

Income Statement

,

Balance Sheet

,

Stock Ratios

,

Analyst Ratings

.

-- Reported by Kevin Baker in Jupiter, Fla.

For additional

Investment Research

check out our Ratings Research Center.

Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.