Cisco's Restructuring, Outlook Rallies Tech Stocks

Publish date:

Updated from 8:33 a.m.


(CSCO) - Get Report

was up 5.7% in early trading, leading a tech rally as the most active stock on the


. The leading network switch maker late Thursday said it was restructuring into 11 technology groups, and said it saw signs that business was stabilizing.

The company's CEO John Chambers said the first quarter so far is in line with earlier guidance. Cisco has said the current quarter sales will be flat to down 5% compared to the previous quarter.

Analysts expect the company to earn 2 cents a share, according to Thomson Financial/First Call.

Benefiting from the good feeling generated by Cisco, network equipment maker Juniper (JNPR) - Get Report was up 5.1%, and JDS Uniphase (JDSU) was up 6.6%.

Other tech leaders active in Nasdaq trading included

Sun Micro

(SUNW) - Get Report

, up 2.7%,

(INTC) - Get Report

, up 1.7%,


(ORCL) - Get Report

, up 4.6% and


(DELL) - Get Report

, up 0.8%.