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| Sycamore Networks |
Shares of Sycamore Networks, Inc. traded up 4.00% during mid-day trading on Friday, hitting $23.92. Sycamore Networks, Inc. has a 52 week low of $16.18 and a 52 week high of $34.31. The stock’s 50-day moving average is $22.68 and its 200-day moving average is $25.65. The company has a market cap of $682.6 million.
Sycamore Networks, Inc. last announced its quarterly results on Thursday, February 24th. The company reported ($0.11) earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of ($0.11) EPS. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was down 24.7% on a year-over-year basis. On average, analysts predict that Sycamore Networks, Inc. will post $-0.10 EPS next quarter.
Sycamore Networks, Inc. (Sycamore) develops and markets intelligent bandwidth management solutions for fixed line and mobile network operators worldwide and provides services associated with such products. The Company’s customers include domestic and international wireline and wireless network service providers, utility companies, large enterprises, multiple systems operators and government entities (collectively referred to as service providers). Sycamore’s bandwidth management portfolio of optical switches, multiservice cross-connects and multiservice access platforms serve applications that extend across the network infrastructure, from multiservice access and regional backhaul to the optical core. On July 13, 2010, Sycamore announced the introduction of IQstream, a mobile broadband optimization solution that helps operators reduce congestion in mobile backhaul networks caused by rising demand for Internet video and other rich media subscriber content.
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