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Sycamore Networks (SCMR -4.9%) does a rapid about-face after posting a 4% gain at the open on a...
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Thursday, December 1, 2011, 3:05 PM ETSycamore Networks (SCMR -4.9%) does a rapid about-face after posting a 4% gain at the open on a surge in revenues, but the shares soon slumped on apparent investor fatigue as its FQ1 loss brings its streak up to five consecutive quarters. There are signs of improvement however, as revenues leapt 31.6% Y/Y, and gross margin jumped to 59.3% from 41.2%.
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