MARKET PULSE-Cisco, YuMe, Millennial, Eagle Bulk, China Recycling

Thu Nov 14, 2013 12:15pm EST
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stocks were up modestly on Thursday, holding gains from late in the previous session which came ahead of the release of remarks from Federal Reserve chair nominee Janet Yellen, while a slide in Cisco shares weighed on the technology sector. The Dow Jones industrial average rose 0.06 percent. The S&P 500 gained 0.09 percent, while the Nasdaq Composite dropped 0.2 percent.

** CISCO SYSTEMS INC, $21.16, down 12 pct (11:40 a.m. ET)

** FINISAR CORP, $21.87, down 7 pct

** BROADCOM CORP, $27.15, down 1.6 pct

** HEWLETT-PACKARD CO, $25.23, down 5 pct

** ORACLE CORP, $34.08, down 2.7 pct


Network equipment maker Cisco forecast a steep drop in revenue for the current quarter, prompting at least 17 brokerages to cut price targets on its stock and two to downgrade their ratings.   Continued...