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Sycamore Networks (SCMR +5.8%) rallies in a combination of relief and short-covering after its...
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Wednesday, September 7, 2011, 12:56 PM ETSycamore Networks (SCMR +5.8%) rallies in a combination of relief and short-covering after its FQ4 revenues and net loss per share narrowly beats Street estimates. Despite the pop in share price, the results and follow-on comments were less than stellar, with a sharp drop in earnings Y/Y and delays in the do-or-die launch of its IQstream.
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