Updated from 9:01 a.m.

Leading network router maker

Cisco

(CSCO) - Get Cisco Systems, Inc. Report

was up 4.8% in early trading. UBS Warburg this morning upgraded the stock to buy from hold and raised its price target to $24 from $20, adding that the company is not "scrambling" to make its numbers in the final weeks of the quarter.

Other network equipment stocks were also on the rise, including

Ciena

TheStreet Recommends

(CIEN) - Get Ciena Corporation Report

, up 2.5%,

Juniper

(JNPR) - Get Juniper Networks, Inc. (JNPR) Report

, up 4.6%, and

JDS Uniphase

(JDSU)

, up 1.7%.