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- SYKES Enterprises: No Debt, Nice Cash Safety Net
- Zacks.com submits: SYKES Enterprises Inc. SYKE finds itself in an enviable position during this credit crisis with no debt and a cash safety net of $220.1 million. The customer service business continues to be strong with revenue climbing 17.6% in the third quarter. SYKE is trading with a...
- External links 2008-12-02
- 3Com Gets a Major Project Win
- Zacks.com submits: Recently, 3Com Corporation COMS declared that it has won a massive deal from Etice - Ceará State Information Technology Company of Brazil, related to the Gigafor project. This project connects several state government agencies and bureaus with an enhanced gigabit Ethernet network. 3Com will provide solutions...
- External links 2009-07-16
- Optimistic About Juniper
- Zacks.com submits: Juniper Networks (JNPR - Analyst Report) reported upbeat second quarter results, with both revenue and non-GAAP earnings well above our estimate of $771.8 million and $0.18 per share. EPS was in line with Wall Street expectation of $0.19 on revenues of $789.7 million. Revenue beat the...
- External links 2009-07-24
- Breaking Down Cisco's Earnings Beat
- Zacks.com submits: Cisco Systems’ CSCO fourth quarter earnings beat the Zacks consensus by 7 cents. GAAP earnings of $0.19 were much higher than the guided $0.05-$0.07 range. Revenue for the quarter was $8.54 billion, up 4.6% sequentially and down 17.6% year over year. Revenue was at the high-end...
- External links 2009-08-06
- Juniper?s EX Series Switches Drive Earnings Growth
- Zacks.com submits: Yesterday, Juniper Networks JNPR, one of the leading players in the networking space, announced that its EX Series Ethernet Switches have surpassed the one million ports mark according to the latest Dell’Oro Ethernet Switching Market Report. The EX series switches have delivered four consecutive quarters of...
- External links 2009-08-18
- Cisco Enters New Territory
- Zacks.com submits: Cisco Systems Inc. CSCO has decided to invest $32 million in South Korean Investment Fund, SkyLake Incuvest & Co. The plan is to invest up to $2 billion into the country’s technology industry over the next five years. The decision was well-timed, as the company may...
- External links 2009-09-08
- Ciena Beats but Guides Flat
- Zacks.com submits: Ciena Corporation CIEN announced better-than-expected results for the third quarter ended July 31 amid cautious consumer spending and weak demand. However, the more stable macro economic environment helped it deliver sequential growth, although year over year comparisons have been weak. Revenue of $164.8 million was down...
- External links 2009-09-08
- Polycom Benefits from Reduced Business Travel
- Zacks.com submits: We upgrade our recommendation to Outperform for Polycom Inc. PLCM based on our assessment that the demand for the company’s unified collaborative communication offerings will continue to increase in the near future. As a result of the severe economic downturn, business enterprises on a global...
- External links 2009-09-16
- Oclaro Raises Q1 Guidance
- Zacks.com submits: Oclaro, Inc. (OCLR - Analyst Report) recently raised its guidance for the first quarter. The company now expects revenues between $82 million and $87 million, compared to the previous guidance of revenues between $75 million and $84 million. Oclaro, Inc. was formed in April 2009 combining...
- External links 2009-09-22
- Cisco, Pelco Team Up in Strategic Technology Agreement
- Zacks.com submits: Cisco Systems Inc. CSCO recently signed a strategic technology agreement with Schneider Electric’s Pelco unit. The company will initially co-brand Pelco’s high-definition Internet Protocol (IP) video security cameras that utilize its patented Sarix technology. The Sarix technology provides full-frame-rate video, H.264 compression, advanced low-light performance, embedded...
- External links 2009-09-23
- 3Com Exceeds Guidance
- Zacks.com submits: 3Com’s COMS first quarter 2010 EPS of 8 cents exceeded the consensus estimate of 5 cents as well as the management guidance range of 3 cents to 5 cents. Revenue for the first quarter was $290.5 million, a decrease of 15.2% from $342.7 million in the...
- External links 2009-09-29
- Qualcomm's Snapdragon Expanding
- Zacks.com submits: Qualcomm Inc QCOM has decided to enhance the performance of Flash Player 10.1 multimedia features for all chipsets based on its Snapdragon platform. Qualcomm has developed smart-book and smart-phone chipsets based on state-of-the-art Snapdragon platform technology. A path-breaking initiative of the company is the convergence of...
- External links 2009-10-06
- Emerson / Avocent: Checking the Synergies
- Zacks.com submits: Wednesday, Emerson Electric Co. EMR announced that it has reached an agreement to acquire network equipment technology provider Avocent Corp. AVCT for $1.2 billion in cash. Emerson will pay $25 per share for Avocent, which is a 22% premium to Monday’s closing price. Emerson believes...
- External links 2009-10-07
- Xilinx: Earnings Preview
- Zacks.com submits: Xilinx Inc. XLNX is expected to report its second quarter results Wednesday. Last month, the company had upgraded its guidance for the quarter. It expects quarterly sales to be up approximately 10% sequentially due to the broad based strength across all end markets and geographical divisions....
- External links 2009-10-14
- Ciena-Nortel Deal Gets Approval
- Zacks.com submits: The telecommunications and network equipment company Ciena Corporation CIEN has received the Court’s approval to begin bidding for Nortel Network Corp.'s (NRTLQ.PK) optical and Ethernet division. The judges also said that Nov. 9 will be the deadline for bids and scheduled the auction for Nov. 13....
- External links 2009-10-19
- Dell Teams Up with Juniper to Offer Network Solutions
- Zacks.com submits: A recent press release from Dell Inc. DELL confirms that the renowned personal computer maker is joining hands with Juniper Networks Inc. JNPR in order to offer networking solutions under Dell’s PowerConnect brand. PowerConnect enables customers to deploy a common network management platform and network operating...
- External links 2009-10-30
- Cisco Beats in First Quarter, Guides Up
- Zacks.com submits: Cisco Systems’ CSCO first quarter 2010 earnings beat the Zacks consensus by 13 cents. Revenue beat by 3.1%. Both revenue and EPS were significantly better than the guided range. Revenue Revenue of $9.02 billion was up 5.7% sequentially and down 12.7% year over year. Revenue was...
- External links 2009-11-05
- Qualcomm Reports Mixed Results in Fourth Quarter
- Zacks.com submits: Qualcomm Inc. QCOM reported mixed financial results for its fourth quarter of fiscal 2009. Quarterly revenue of $2.69 billion was down 19% year-over-year and was down 2% sequentially. This was primarily due to lower sales of the company’s wireless chipsets and other related technologies. Fourth quarter...
- External links 2009-11-05
- 3Com Partners with Leading India IT Outsourcing Firm
- Zacks.com submits: Networking major 3Com Corporation COMS declared that it has partnered with India’s leading IT services, business solutions and outsourcing company Tata Consultancy Services to successfully conduct the Andhra Pradesh State Wide Area Network (APSWAN) project in India. As per this agreement, 3Com will provide enterprise switching,...
- External links 2009-11-30
- Cisco Downgraded on Concerns of HP, 3Com Merger
- Zacks.com submits: We are downgrading Cisco CSCO shares from Outperform to Neutral, as the shares have had a great run since the beginning of the year and we believe further upside will likely be limited. The company is a leading provider of IP-based networking products and has very...
- External links 2009-12-07
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