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.
Brocade Communications Systems Inc., which has been trying to sell itself for more than two years, is a step closer to unlocking a 32 percent gain for shareholders now that its chief executive officer is on his way out.
Cisco Systems Inc. , the largest provider of networking equipment, fell the most in three months in Nasdaq trading after a report showed higher spending on new products eroded its fiscal second-quarter profitability.
Cisco Systems Inc. Chief Executive Officer John Chambers abandoned a four-year-old forecast for annual sales growth of 12 percent to 17 percent as weak demand and price pressure force him to cut jobs and exit businesses.
PMC-Sierra Inc., a maker of chips for computer-networking and data-storage equipment, declined in late trading yesterday after it forecast lower sales than estimated, citing weakness in spending by communications companies.