Yes, there was some news.

DA Davidson said the wild ride in Dycom Industries Inc.'s (DY, $11.82, +$0.60, +5.35%) stock has it currently pretty well priced. The firm raised its rating to neutral, pointing to substantial free cash flows despite the depressed spending by communications companies, particularly residential telecoms and cable providers. Still, it's a tepid upgrade, only offering that shares represent "modest risk and reward" on moderate earnings prospects.