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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

02/06/18 at 1:09 PM CST

 

 

READ: 3

RPLY: 0

0

0

RECS:0

Sentiment:

Neutral

OT - Networking

OT - Networking - Ok, as the market continues to crumble in all sectors, NOK, CIEN, and INFN are all flying, from least to most. However, what news I can scrape together has the inverse of that: NOK has been raised from neutral to buy by both BOA and Merrill Lynch. And from sell to hold by Zack's Reserach (I think Zack's research is generally rubbish.) CIEN got an upgrade and some days ago Moody's raised its debt rating. The upgrade cited spending by entities such as American telecoms. INFN has unformly bearish news, as Zack's downgrades it from Sell to Strong Sell, and another analyst (can't recall which) downgraded it to sell from hold. INFN is supposed to report earnings tomorrow. So it's gaining 7%+ in the face of a market that just turned red again. I can't make any sense out of this, because without a 'hot' driver, it doesn't make much sense, at least based on the news my searching pulled up.

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