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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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