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Cisco tops $30; new mobile products launched at MWC

Mar. 02, 2015 4:12 PM ETCisco Systems, Inc. (CSCO) StockBy: Eric Jhonsa, SA News Editor4 Comments
  • Cisco (NASDAQ:CSCO) rose 2.2% today, and in doing so rallied above $30 for the first time since 2007. Shares are up 12% since the networking giant beat FQ2 estimates and reported 5% Y/Y product order growth on Feb. 11.
  • Like telecom equipment peers, Cisco has made a flurry of announcements at the Mobile World Congress. Drawing attention: The launch of the USC 8000 small cell 4G/Wi-Fi base station line for enterprises and public venues. Vodafone is deploying the solution, which includes both access points and controllers and aims to address growing carrier interest in deploying small cells in high-traffic locales.
  • Cisco has also announced: 1) Mobility IQ, a SaaS/cloud-based analytics software solution for mobile carriers that contains network monitoring, advertising, and service management tools; IBM has also shown an interest in this space. 2) A deal with AT&T through which Ma Bell will rely on Cisco's products to deliver connected car services.

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