Cisco Systems, Inc.
 (CSCO)

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  • May 13, 2013, 1:36 AM

    Plenty of companies are taking aim at Cisco's (CSCO) Nexus data center switch business. 1) H-P (HPQ) has updated its networking lineup to include a "virtual router" running on commodity hardware, to offload tasks handled by server virtualization software (Cisco also supports this), and to embrace software-defined networking. 2) Startup Arista has launched a high-density switch that (aided by FNSR optics) can handle 96 100G or 1152 10G ports in an 8-slot chassis. 3) Huawei has launched 16-slot switches that can handle 192 10G ports, and can be clustered. 4) Facebook's Open Compute Project is now working on a data center switch meant to handle virtually any software. Cisco is hoping to return fire via its Insieme unit (I, II).

    | May 13, 2013, 1:36 AM
  • May 7, 2013, 7:02 PM

    Though Ruckus (RKUS -26.2%) claims its Q1 miss and soft guidance aren't tied to competition, "it is difficult to reconcile the implied disparity between Ruckus’ growth and that of the overall [carrier] Wi-Fi market," says Lazard, discussing its downgrade to Neutral. However, other companies, such as F5 and Fortinet, have also reported soft carrier demand for discretionary projects. Meanwhile, Raymond James thinks Ruckus and Aruba's (ARUN -22.8% - previous) warnings, along with Motorola Solutions' (MSI) guidance, suggests enterprise Wi-Fi growth is slowing.  Market leader Cisco (CSCO -2%), whose Wi-Fi unit posted 27% Y/Y growth last quarter, reports on May 15.

    | May 7, 2013, 7:02 PM | 2 Comments
  • May 7, 2013, 9:33 AM

    Aruba Networks (ARUN -19.6%) dives after warning it expects FQ3 (April quarter) revenue of $144M-$147M and EPS of $0.11-$0.12, well below a consensus of $160.5M and $0.20. The enterprise/carrier Wi-Fi hardware maker says it "saw a push out in customer orders across the Americas, Europe and Asia," something it mostly blames on macro. The warning comes as rival Ruckus (RKUS -21.1%) gets crushed due to a Q1 miss and light Q2 guidance, and is hit with a downgrade to Neutral from Lazard. Aruba depends more on enterprise sales than Ruckus; both face strong competition from Cisco (CSCO -1.1%), which seems to be lower in sympathy.

    | May 7, 2013, 9:33 AM | 1 Comment
  • May 6, 2013, 6:56 PM

    Prashant Gandhi, the head of project management for Cisco's (CSCO) software-defined networking (SDN) efforts, has left to join SDN startup Big Switch, which in March unveiled an open standards-based SDN solution declared an alternative to Cisco and VMware/Nicira's more proprietary offerings. Gandhi helped develop Cisco's ONE SDN controller. Tom Black, another key member of Cisco's SDN team, left last October for startup Arista. Meanwhile, leveraging the Contrail Systems acquisition, Juniper (JNPR) today unveiled an SDN controller that the company promises won't require major hardware changes; will this affect flexibility?

    | May 6, 2013, 6:56 PM | 3 Comments
  • Apr. 23, 2013, 7:56 PM
    Telecom equipment and optical component makers fall in AH trading in response to Juniper's revenue miss and light Q2 guidance, and (in what's arguably the bigger news) AT&T's $2B/year capex budget cuts for 2014 and 2015. CSCO -1.8% AH. CIEN -2.5%. RVBD -1.4%. JDSU -3.4%. FNSR -1.3%. TLAB -1.6%. Many of these companies had surged last November when AT&T set lofty 2014/2015 capex targets. Other names that could fall tomorrow: INFN. FN. OPLK. CALX. ADTN.
    | Apr. 23, 2013, 7:56 PM | 1 Comment
  • Apr. 23, 2013, 3:15 PM

    'We are not interested in the U.S. market anymore," says Huawei VP Eric Xu. The U.S. government's hard-line stance towards the telecom equipment/IT giant (ostensibly due to to its Chinese military ties) is undoubtedly a major factor here. Xu also says Huawei is now aiming for 2017 enterprise sales of $10B, below a prior goal of $15B - its 2012 enterprise sales stood at $1.9B. Cisco (CSCO +1.4%), which has made it clear it considers Huawei a top rival, must be pleased with both remarks.

    | Apr. 23, 2013, 3:15 PM | 1 Comment
  • Apr. 18, 2013, 5:45 PM

    Once again this year, some enterprise IT names are falling in AH trading in response to a weak earnings report. This time, the culprit is IBM, which posted a huge revenue miss thanks in large part to a 17% Y/Y drop in hardware sales. Flat software sales didn't help either. Big Blue tried to put much of the blame on deal-closing/execution issues, but the fact U.S. federal and China were named as weak spots might have some investors an edge. EMC -1.3%. HPQ -1.1%. CSCO -0.7%. RHT -1.2%.

    | Apr. 18, 2013, 5:45 PM
  • Apr. 10, 2013, 11:04 AM

    Adtran's (ADTN +13%) Q1 beat is contributing to strong gains in telecom equipment, chip, and component stocks, as investors take it as another sign of improving telecom capex going into earnings season. Adtran's remarks about strong demand from both U..S. and international carriers can't be hurting. CSCO +2.5%. CIEN +6.4%. JDSU +4.6%. ALU +4.6%. FN +4.8%. FNSR +6%. PKT +4.2%. RKUS +4.2%. JNPR +3.9%. CAVM +3%. INFN +2.9%. OCLR +4%. SONS +2.5%. 2013 has seen a string of rallies (I, II, III) tied to capex hopes.

    | Apr. 10, 2013, 11:04 AM
  • Apr. 9, 2013, 5:42 PM

    John McCool, the sales chief for Cisco's (CSCO) Global Enterprise unit (though he was officially called the unit's CTO), is leaving the company. His position will be assumed by wireless sales VP Tom Wilburn. A 17-year-vet, McCool played a key role in the growth of Cisco's dominant Ethernet switching business. He was moved over to a sales role in 2011. Paul Mountford, another top enterprise sales exec, left last August.

    | Apr. 9, 2013, 5:42 PM
  • Apr. 5, 2013, 8:24 AM

    Lazard cuts its price target on F5 (FFIV) to $100 from $115 following yesterday's AH Q2 warning. The related commentary was somewhat upbeat however as analyst Ryan Hutchison says the profit warning wasn't "company-specific" and notes F5 should benefit from "several meaningful tailwinds" including a "major product refresh and Cisco's (CSCO) exit from the market." Nonetheless, shares are -17% premarket. 

    | Apr. 5, 2013, 8:24 AM
  • Apr. 4, 2013, 4:38 PM

    F5 (FFIV) resumes trading and is currently at $75.85, down 16.1% AH in response to its FQ2 warning, which (in the wake of Oracle's results) is bound to heighten concerns about U.S./European enterprise IT demand. Rivals and peers are off in sympathy: CSCO -2.3%. RVBD -3.7% CTXS -3.7%. JNPR -5.1%. VMW -2.2%. EMC -0.9%. RHT -1.7%.

    | Apr. 4, 2013, 4:38 PM
  • Apr. 3, 2013, 9:59 AM

    Though Cisco (CSCO) insists it has no intention of entering the traditional base station market (citing commoditization), its acquisition of small cell base station vendor Ubiquisys makes it more of a mobile infrastructure rival to Alcatel-Lucent (ALU) and Ericsson (ERIC) than ever. The combination of Ubiquisys' 3G/4G small cell solutions and Cisco's Wi-Fi hardware should eventually give it an end-to-end offering to take on market leader ALU's lightRadio line. Cisco is also pushing its new Quantum software suite (the result of the BroadHop/Cariden/Intucell deals) to mobile carriers.

    | Apr. 3, 2013, 9:59 AM | 2 Comments
  • Apr. 3, 2013, 8:41 AM

    Cisco (CSCO) has agreed to acquire U.K.-based Ubiquisys for $310M and retention-based incentives in a deal that is designed to strengthen Cisco's femtocells offerings, which help improve connectivity on 3G and LTE networks. The transaction adds to Cisco's purchase of Intucell for $475M and of BroadHop in January, both of which also expanded Cisco's mobile infrastructure business. (PR)

    | Apr. 3, 2013, 8:41 AM
  • Apr. 2, 2013, 4:01 PM

    Juniper (JNPR -1.5%), Allot (ALLT -1.4%), Procera (PKT -1.9%), and BroadSoft (BSFT -0.1%) close lower after Pac Crest's Brent Bracelin cuts his estimates, citing European macro concerns. Though Pac Crest's research suggests the world's 15 biggest carriers (outside of China) could increase capex by 10% this year, it also indicates over half of the growth is expected to come from European carriers, and "there still appears to be a gap between talk and placing orders." Bracelin sees Cisco (CSCO - only 30% of revenue from carriers) as relatively insulated. (previous)

    | Apr. 2, 2013, 4:01 PM
  • Apr. 1, 2013, 2:46 PM

    Though software-defined networking (SDN) will "shift some value to software," there will still be "hardware innovation, especially in network elements where performance, latency and resiliency matter," argues UBS in a defense of Cisco (CSCO). The firm also sees incumbent hardware vendors maintaining some software value-add - Cisco is moving aggressively here, but there's plenty of competition - and (in the wake of Oracle/Acme Packet and VMware/Nicira) predicts a pickup in "cross-sector M&A" in the networking space. (FBR)

    | Apr. 1, 2013, 2:46 PM
  • Mar. 29, 2013, 8:54 AM

    Cisco (CSCO) bumps its quarterly dividend 21% to $0.17/share. "We are increasing our dividend as part of our strategy to deliver a consistent return to shareholders in line with our capital allocation commitment." The annualized yield on the stock is now 3.25%. (PR)

    | Mar. 29, 2013, 8:54 AM | 12 Comments
Company Description
Cisco Systems Inc is engaged in designing, manufacturing and selling of Internet Protocol (IP) based networking products and services related to the communications and information technology (IT) industry.