Juniper unveils wireless products, challenges Cisco
NEW YORK, Feb 8 (Reuters) – Juniper Networks Inc <JNPR.N> will begin selling new wireless products for mobile carriers, responding to bigger rival Cisco Systems Inc’s <CSCO.O> recent acquisition of a wireless technology firm.
Juniper said on Monday its new software includes Juniper Traffic Direct which, used together with its MX 3D routers, can help mobile carriers reduce network congestion and infrastructure costs.
Another software product, Juniper Media Flow, will be targeted specifically at helping wireless carriers deliver applications like video and music, the company said, adding that they will be available from the second quarter.
Kim Perdikou, executive vice president and general manager of Juniper’s infrastructure products group, said many of the company’s mobile carrier customers were struggling with the costs of managing wireless Internet traffic.
Cisco trounces estimates, sees strong recovery
NEW YORK (Reuters) – Cisco Systems Inc’s quarterly results and outlook exceeded Wall Street expectations as more customers upgraded their networks to handle growing Internet traffic, leading CEO John Chambers to declare a very strong recovery.
Shares in the leading network equipment maker rose 4 percent as the company forecast revenue growth of 23 percent to 26 percent in the current quarter, far exceeding the average analyst forecast for a rise of 16.5 percent.
“We’re hitting on all cylinders,” Chambers told analysts on a conference call, citing a “dramatic across-the-board acceleration” in the business.
“We saw very strong, balanced growth from a year-over-year perspective in almost all of the major geographies and market segment categories,” he said.
Cisco trounces estimates, sees strong recovery
NEW YORK, Feb 3 (Reuters) – Cisco Systems Inc’s <CSCO.O> quarterly results and outlook exceeded Wall Street expectations as more customers upgraded their networks to handle growing Internet traffic, leading CEO John Chambers to declare a very strong recovery.
Shares in the leading network equipment maker rose 4 percent as the company forecast revenue growth of 23 percent to 26 percent in the current quarter, far exceeding the average analyst forecast for a rise of 16.5 percent.
“We’re hitting on all cylinders,” Chambers told analysts on a conference call, citing a “dramatic across-the-board acceleration” in the business.
“We saw very strong, balanced growth from a year-over-year perspective in almost all of the major geographies and market segment categories,” he said.
Cisco quarterly results soar past estimates
NEW YORK (Reuters) – Cisco Systems Inc’s results and outlook soared past expectations and Chief Executive John Chambers said business has improved dramatically in nearly all areas.
The leading maker of network equipment, whose shares rose 4 percent, expects to hire 2,000 to 3,000 people in the next several quarters, Chambers said in another sign of his confidence in the economic recovery.
Cisco forecast revenue growth accelerating to a range of 23 percent to 26 percent in the current quarter, against the average Wall Street forecast for an increase of 16.5 percent year on year.
“During the quarter we saw dramatic across-the-board acceleration and sequential improvement in our business in almost all areas,” Chambers said in a statement.
Cisco quarterly results soar past estimates
NEW YORK, Feb 3 (Reuters) – Cisco Systems Inc’s <CSCO.O> results and outlook soared past expectations and Chief Executive John Chambers said business has improved dramatically in nearly all areas.
The leading maker of network equipment, whose shares rose 4 percent, expects to hire 2,000 to 3,000 people in the next several quarters, Chambers said in another sign of his confidence in the economic recovery.
Cisco forecast revenue growth accelerating to a range of 23 percent to 26 percent in the current quarter, against the average Wall Street forecast for an increase of 16.5 percent year on year.
“During the quarter we saw dramatic across-the-board acceleration and sequential improvement in our business in almost all areas,” Chambers said in a statement.
Lexmark profit exceeds estimates, shares jump
NEW YORK (Reuters) – Lexmark International Inc <LXK.N> reported a higher-than-expected rise in quarterly profit, helped by cost-cuts and improving demand for printers and ink, lifting the shares over 11 percent.
Lexmark, which competes with Hewlett-Packard Co <HPQ.N>, Canon Inc <7751.T> and Samsung Electronics Co Ltd <005930.KS>, said customers began spending more in the fourth quarter.
“Our fourth-quarter financial results were significantly better than anticipated, reflecting strong sequential improvement for both hardware and supplies,” Chief Executive Paul Curlander told analysts on a conference call on Tuesday.
Quarterly profit rose to $59.8 million, or 76 cents a share, compared with $18.1 million, or 23 cents a share, in the year-earlier quarter.
Lexmark profit exceeds estimates, shares jump
NEW YORK, Feb 2 (Reuters) – Lexmark International Inc <LXK.N> reported a higher-than-expected rise in quarterly profit, helped by cost-cuts and improving demand for printers and ink, lifting the shares over 11 percent.
Lexmark, which competes with Hewlett-Packard Co <HPQ.N>, Canon Inc <7751.T> and Samsung Electronics Co Ltd <005930.KS>, said customers began spending more in the fourth quarter.
“Our fourth-quarter financial results were significantly better than anticipated, reflecting strong sequential improvement for both hardware and supplies,” Chief Executive Paul Curlander told analysts on a conference call on Tuesday.
Quarterly profit rose to $59.8 million, or 76 cents a share, compared with $18.1 million, or 23 cents a share, in the year-earlier quarter.
Lexmark profit exceeds estimates, shares jump
NEW YORK (Reuters) – Lexmark International Inc <LXK.N> reported a higher-than-expected rise in quarterly profit, helped by cost cuts and improving demand for printers and ink, lifting the shares over 10 percent.
Lexmark, which competes with Hewlett-Packard Co <HPQ.N>, Canon Inc <7751.T> and Samsung Electronics Co Ltd <005930.KS>, said customers began spending more in the fourth quarter.
“Our fourth-quarter financial results were significantly better than anticipated, reflecting strong sequential improvement for both hardware and supplies,” Chief Executive Paul Curlander told analysts on a conference call on Tuesday.
Fourth-quarter revenue fell 1 percent from a year earlier to $1.07 billion but was up 12 percent sequentially and higher than the average analyst estimate for $988.97 million, according to Thomson Reuters I/B/E/S.
Lexmark profit exceeds estimates, shares jump
NEW YORK, Feb 2 (Reuters) – Lexmark International Inc <LXK.N> reported a higher-than-expected rise in quarterly profit, helped by cost cuts and improving demand for printers and ink, lifting the shares over 10 percent.
Lexmark, which competes with Hewlett-Packard Co <HPQ.N>, Canon Inc <7751.T> and Samsung Electronics Co Ltd <005930.KS>, said customers began spending more in the fourth quarter.
“Our fourth-quarter financial results were significantly better than anticipated, reflecting strong sequential improvement for both hardware and supplies,” Chief Executive Paul Curlander told analysts on a conference call on Tuesday.
Fourth-quarter revenue fell 1 percent from a year earlier to $1.07 billion but was up 12 percent sequentially and higher than the average analyst estimate for $988.97 million, according to Thomson Reuters I/B/E/S.
Cisco set for first quarterly sales growth in year
NEW YORK (Reuters) – Cisco Systems Inc <CSCO.O> is expected to post its first quarterly revenue growth in more than a year when it reports results, as customers more confident about the economy upgrade their networks.
While stronger-than-expected results could provide a jolt to the stock, which has languished for the past three months, investors will also focus on longer-term issues like new rivals Hewlett-Packard Co <HPQ.N>, International Business Machines Corp <IBM.N> and China’s Huawei Technologies Co <HWT.UL>.
Cisco is one of the first major technology companies to report results including much of January 2010. Its performance and outlook are often an early indicator for the rest of the technology sector, especially in enterprise spending.
Results in the past few weeks from rivals Juniper Networks <JNPR.N> and Intel Corp <INTC.O> have reinforced hopes that corporate spending is back after two years of dismal growth.
