43.98 +0.27 (0.62%)
Pre-Market: 4:00AM EDT
|Bid||43.59 x 100|
|Ask||43.94 x 100|
|Day's Range||42.75 - 43.99|
|52 Week Range||30.36 - 46.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 16, 2018|
|Forward Dividend & Yield||1.32 (3.05%)|
|1y Target Est||48.85|
Shares of Mitel (MITL), the Ottawa, Canada-based vendor of what’s known as “unified communications,” are up 99 cents, or 10%, at $11.15, after the company this morning announced it agreed to be bought out by a private-equity shop, the latest sign the market for changing the way companies' do phone calling is heating up. Mitel announced it will be bought out by an investor group led by affiliates of Searchlight Capital for $2 billion, or $11.15 per share in cash. The price is above Mitel’s 52-week and three-year high price, it pointed out.
Cisco announced that it is collaborating with Orange on the modernization and expansion of Orange’s Open Transit Internet (OTI) service. This initiative offers Orange Group the chance to expand its network in Europe, Africa, and the Middle East, with reduced operational complexity and increased capacity using the new generation of routers on its OTI service. The resulting increase in network efficiency will improve service for Orange customers and manage the exponential increase in Internet traffic across the network.
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Ericsson (ERIC) posted improved losses in the first quarter of 2018, driven by company’s cost-cutting efforts. During the quarter, the company laid off 3,000 workers. Employee reduction is part of the company’s cost-cutting program. Ericsson has been cutting down its workforce since July 2017. It has reduced its employees by almost 18,000.
On Friday, Ericsson (ERIC) stock surged more than 17% after the telecom equipment maker posted profits for the first quarter of 2018. Ericsson closed the day up $1.14 at $7.78 on the company’s better-than-expected earnings in 1Q18. The company noted that its turnaround strategy has been bearing fruit, which is helping to reduce losses and boosting investors’ confidence, as is reflected in the stock price.
There are significant reasons to believe the weight today is fully justified, or even understated when considering the economic impact of technology.
Juniper Networks (JNPR) has returned -8.3% in the last 12 months, -3.4% in the last month, and 3% in the last five days. Juniper stock rose 44% in 2016 and 2.3% in 2017. Since the start of 2018, it’s fallen almost 11%. Peers Cisco (CSCO), Ericsson (ERIC), Palo Alto Networks (PANW), and Nokia (NOK) have returned 37%, 2%, 75%, and 11%, respectively, in the last 12 months.
Providing secure, differentiated and rapidly delivered cloud services to customers is a crucial requirement for today’s service providers. To meet cloud infrastructure demands, global service providers are increasingly turning to the Cisco® Application Centric Infrastructure (Cisco ACI™), the industry-leading software-defined networking (SDN) solution. Cisco ACI reduces operational costs with an automated, policy-based programmable architecture, while improving scalability and security. In addition, new Cisco ACI multi-site management capability helps service providers to connect and manage multiple geographically distributed Cisco ACI fabrics and to move and manage workloads with a single pane of glass.
Although Juniper Networks’ (JNPR) security business revenue fell ~13% YoY (year-over-year) in fiscal 2017, its revenue rose 8% in 4Q17. Juniper’s security revenue fell for several quarters prior to 4Q17 as the company struggled to compete with niche players such as Palo Alto Networks (PANW), FireEye (FEYE), and Fortinet (FTNT), and tech giants such as Cisco (CSCO). Last year, Juniper announced that it would revamp its security product portfolio to attract customers, and revenue growth in 4Q17 was driven by sales across financial services, telecom, and government verticals.
Previously, we learned that analysts expect Juniper Networks’ (JNPR) (JNPR) revenue to fall ~14% YoY (year-over-year) in fiscal 1Q18. The company’s EPS (earnings per share) are expected to fall ~43% in the quarter. Analysts expect Juniper’s revenue to fall 11.2% YoY to $1.16 billion in 2Q18 and 3.5% YoY to $1.21 billion in 3Q18, and to rise 3.4% YoY to $1.28 billion in 4Q18. This outlook reflects a revenue decline of 5.8% YoY to $4.7 billion in fiscal 2018. Analysts, however, expect Juniper’s revenue to rise 3.2% in fiscal 2019 to $4.9 billion.
PHOENIX, April 18, 2018--“ Let’ s talk about it— I’ ll set up a Webex! If you are like most workers, the answer is yes; the name“ Webex” is synonymous with the word“ meet”. It is the gold standard when ...
DnB of Oslo, the largest financial-services entity in Norway, established in 2014 the promotion of gender equality as a “principal target.” The bank is partly owned by the Norwegian Ministry of Trade, Industry, and Fisheries, but it wasn’t feeding investors a line about its pledge: At the end of last year, women represented 37% of the top four management levels, according to DnB’s latest annual report, up from 31% in 2014. Similarly, for its holdings, DnB (ticker:ticker::DNB.Norway) seemed to have set—and met—a target of 50%. The bank halved its investments in Intel (INTC) and Micron Technology (MU) in the first quarter.
Nokia (NOK) is expected to announce its 1Q18 results on April 26. Peers Cisco (CSCO), Ericsson (ERIC), and Juniper (JNPR) are set to announce their quarterly results on May 16, April 20, and May 1, respectively.
Cisco Systems (CSCO) has returned 29.0% in the last 12 months, -6.5% in the last month, and 3.0% in the last five days. Cisco Systems stock rose 15.0% in 2016 and increased ~31.0% in 2017. Since the start of 2018, it has risen almost 11.0% despite the tech sector sell-off in early February and since mid-March.
Cisco is currently working to protect its customers from up to 20 billion cybersecurity attacks per day, but the internet networking company is looking to a world changed by future wireless capabilities.
Cisco is currently working to protect its customers from up to 20 billion cybersecurity attacks per day, but the internet networking company is looking to a world changed by future wireless capabilities....
BEIJING, April 17, 2018-- Recently, China United Network Communications Group Co., Ltd. officially announced seven new products: Cloud Network Connection, Cloud Networking, Cloud VPV, Cloud Broadband, ...
Shares of Arista (ANET) plunged after Cleveland Research downgraded the company. However, odds in favor of an upside in the near-term are quite high.
Dow stocks Apple, Intel, Microsoft and Cisco Systems have formed new flat bases as of Friday's close. So did software giant Salesforce.
Analysts expect Cisco Systems’ revenues to rise 2.4% YoY (year-over-year) to ~$49.2 billion in fiscal 2018, up from $48.0 billion in fiscal 2017. Its revenues are expected to rise 2.9% YoY to ~$50.6 billion in fiscal 2019. Cisco Systems reported revenues of ~$47.1 billion in fiscal 2014, ~$49.2 billion in fiscal 2015, and ~$49.2 billion in fiscal 2016.