Joanna Makris News
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Cisco Systems Inc., the biggest maker of networking equipment, rose the most in more than a year after reporting profit that topped estimates as businesses spent more to meet surging demand for data delivery via the Web.
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Carl Icahn’s purchase of Nuance Communications Inc. shares is spurring speculation he will seek a break-up or sale of the speech-recognition software developer.
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Cisco Systems Inc., the largest maker of computer-networking gear, said Padmasree Warrior is taking on an expanded role to oversee strategy, underscoring the company’s move away from the consumer-focused acquisitions favored by her departing predecessor, Ned Hooper.
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Juniper Networks Inc., the No. 2 maker of networking equipment, fell after its first-quarter forecast missed estimates, a sign Internet providers are delaying network upgrades.
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Cisco Systems Inc., the largest maker of equipment for computer networks, has hired Barclays Plc to find a buyer for Linksys, which makes routers for home wireless access, said people with knowledge of the situation.
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Cisco Systems Inc. agreed to buy U.K. networking company Ubiquisys for about $310 million, gaining technology that helps wireless carriers provide better service to smartphone and tablet users.
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Cisco Systems Inc. investors say Chief Executive Officer John Chambers ought to shed low-margin consumer products after his expansion into 30 new businesses slowed sales growth and distracted management.
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Juniper Networks Inc., the No. 2 maker of computer-networking equipment, fell after reporting a first-quarter profit margin that was less than the company had forecast.
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Juniper Networks Inc. , the second- largest maker of Internet networking equipment, reported first- quarter profit that matched analysts’ estimates, a sign that carriers are still spending to support surging Web use.
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Cisco Systems Inc., the biggest maker of networking equipment, beat profit and sales estimates, defying concerns that delays in network upgrades by phone and cable companies would drag down revenue.
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