Redback Networks (RBAK) was up 10.6% in early afternoon after Morgan Stanley DeanWitter analyst Christopher Stix said the stock looks like it's poised for a recovery.
Stix said Redback has potential upside of 75% against a potential downside of 15% because bad news is already priced into the stock, which was down 65% year-to-date as of Thursday's close. He said news will improve for Redback because companies that lay out DSL will continue to need Redback's Sonet equipment, a subscriber management system that allows them to handle traffic in a local network.
Other netwokers were climbing as well.
was up 12.4%.
was up 1.8%.