The Zacks Analyst Blog Highlights: Cisco Systems, Verizon Communications, Juniper Networks, Hewlett-Packard and F5 Networks
For Immediate Release
Chicago, IL – December 20, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Cisco Systems Inc. (CSCO), Verizon Communications Inc. (VZ), Juniper Networks, Inc (JNPR), Hewlett-Packard Company (HPQ) and F5 Networks, Inc (FFIV).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday’s Analyst Blog:
Cisco Closes Cariden Buyout
Cisco Systems Inc. (CSCO) recently completed its acquisition of privately-held Cariden Technologies. The company spent $141 million in cash and retention-based incentives for the acquisition. The deal was announced last month.
California-based Cariden Technologies’ traffic management solutions help service providers to optimize the operation of their networks. Its main customers include Verizon Communications Inc. (VZ), Deutsche Telecom, SingTel and Swisscom.
Cariden will now become a part of Cisco's Service Provider Networking Group unit, augmenting Cisco’s offering to service providers. The integration of Cariden’s network software will further Cisco’s strategy of increasing its software-centric solutions to streamline network management. The deal will allow the company to expand and differentiate its offerings with regard to networking infrastructure.
Management stated that the acquisition will enable telecom service providers to improve the visibility, programmability and efficiency of converged networks, ultimately growing their businesses. Additionally, the deal supports Cisco’s Open Network Environment strategy, also known as Cisco ONE, which aims to help businesses increase infrastructure agility, simplify operations and instill greater application visibility and awareness.
Cisco is on an acquisition spree. Earlier, in November, the company had announced its intention to acquire Meraki and Cloupia for $1.2 billion and $125 million, respectively, as part of its cloud and networking expansion strategy.
Cisco Systems is a leading provider of IP-based networking and other products. The company’s first-quarter earnings of 44 cents beat the Zacks Consensus Estimate by 3 cents. Reported revenue was up 5.5% from the year-ago quarter.
Although Cisco is taking steps to lower its cost structure by reducing headcount, it is not ignoring growth opportunities.
We believe that these acquisitions will broaden Cisco’s customer base and network offerings, providing the company with a significant competitive edge over its peers, namely Juniper Networks, Inc (JNPR), Hewlett-Packard Company (HPQ) and F5 Networks, Inc (FFIV), which have been picking up market share.
Currently, Cisco has a Zacks #3 Rank (Hold).
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
Read the analyst report on CSCO
Read the analyst report on JNPR
Read the analyst report on HPQ
Read the analyst report on FFIV
More From Zacks.com