Sycamore Networks has two important things going for it: It’s in one of the few havens – technology – in this volatile market, and the share price could jump if the company surprises Wall Street.
There’s no question this is a more speculative stock, but Cramer said Sycamore , which operates in the niche optical-switches part of the telco equipment industry, looks to be turning around. The company has been cash-flow positive for six straight quarters, and it’s expected to turn a profit this year. Sales are up, and new products are attracting new customers. Maybe best of all, 60% of Sycamore’s business comes from overseas. That kind of international exposure is imperative considering the U.S. markets lately.
Still, analysts are sleeping on it.