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.
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.
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.
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.
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.