Sycamore Networks Bounces Off Low on Downgrade
Sycamore Networks
(SCMR)
hit a 52-week low of $21 but rebounded and was up 3.3% in early afternoon.
Deutsche Banc Alex. Brown
cut its rating for the network equipment company to buy from strong buy.
Other network stocks were mixed.
Ciena
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TheStreet Recommends
(CIEN)
was down 8.6%.
Juniper
(JNPR)
was down 4.4%. But giant
Cisco
(CSCO)
was up 2% after sinking to a 52-week low of $27.81 early in the session.
