New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 13, 2012
15:04 EDTCSCO, SUMR, AMID, DVOX, AGROCompanies reporting After the Market Close on Tuesday, November 13
Notable companies reporting after the bell include Adecoagro (AGRO), American Midstream Partners (AMID), Cisco Systems (CSCO), DynaVox (DVOX) and Summer Infant (SUMR).
News For AGRO;AMID;CSCO;DVOX;SUMR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 5, 2016
10:36 EDTCSCOActive puts: SPY QQQ MDLZ IWM CSCO
Subscribe for More Information
February 3, 2016
16:40 EDTCSCOCisco and Jasper Technologies hold a joint conference call
Cisco Vice President Salvagno and Jasper Technologies CEO Mohammed discuss Cisco's intent to acquire Jasper Technologies on a joint conference call to be held on February 3 at 5 pm. Webcast Link
16:19 EDTCSCOCisco to acquire Jasper Technologies for $1.4B
Subscribe for More Information
14:36 EDTCSCOArista shares jump as analysts encouraged patent issues can be overcome
Shares of Arista Networks (ANET) jumped Wednesday after the U.S. International Trade Commission reached an initial determination in the first of the company's ongoing patent disputes with Cisco (CSCO). The findings, though not entirely in Arista's favor, were cheered by several Wall Street analysts, who foresee little to no impact on Arista's business from the patent fight. NO BUSINESS IMPACT: Oppenheimer analyst Ittai Kidron argued today that, while the ITC's early ruling found Arista in violation of three of the five Cisco patents in question, the company already has workarounds for two of the disputed patents and is working on a third. That last workaround is scheduled for a second quarter rollout and could potentially miss the final determination deadline, but Kidron explained that Arista would simply work with U.S. Customs on the matter at that point. The analyst expects Arista to take the necessary steps to preempt any disruption and foresees zero impact to its business, leading him to keep an Outperform rating on the shares and recommends buying them on any weakness. Kidron noted, however, that the stock could be volatile surrounding the final determination in early June and the rulings for the second ITC investigation, due late April and August. ARISTA ATTRACTIVE: Wells Fargo analyst Jess Lubert echoed Kidron's bullish outlook, saying the ITC findings were largely as expected and "more than priced into" the shares. Arista's story remains attractive, customer sentiment is unlikely to be affected, and securing approval for the Q2 software workaround is "unlikely to be a problem," said the analyst, adding that the additional engineering costs associated with the fix appear already embedded in Arista's financial model. Lubert kept an Outperform rating on the shares, though he too noted potential volatility surrounding future legal findings. PRICE ACTION: Shares of Arista Networks have jumped 5.4% to $60.83, while Cisco has edged up nearly 1%.
07:37 EDTCSCOArista Networks infringement 'largely priced into shares,' says Wells Fargo
Subscribe for More Information
07:17 EDTCSCOArista Networks should be bought o nany weakness, says Oppenheimer
Subscribe for More Information
06:04 EDTCSCOCisco says ITC ruling 'beginning of the end' for Arista's copying
Cisco's (CSCO) Mark Chandler in a blog post last night commented on the International Trade Commission's ruling in the first of their investigations into Arista Networks (ANET). The judge found violations of three Cisco patents, foreshadowed an exclusion order banning imports of all Arista switches and installed a challenging ITC review process for any new designs, Chandler wrote. "The details of the Judge's determination will be published within 30 days, but this notice marks the beginning of the end for Arista's systemic copying of our intellectual property," he added. He listed four options for Arista: Withdraw the products, modify the products so that they no longer infringe, face an exclusion order or evade the ITC exclusion order. Chandler continued, "And this is just the beginning. In April we will see a ruling in the second ITC investigation, which may confirm more violations and import bans. Arista will also face two District Court juries with these rulings on their record. The judges and juries in those trials will note this day as the day that Arista no longer can pretend that its products aren't tainted by misconduct. This will be important as they consider injunctions to remove infringing Arista product from the market." Shares of Arista closed yesterday down $1.56 to $57.70. Cisco closed down 65c to $22.83. Reference Link
February 2, 2016
16:25 EDTCSCOArista responds to initial ruling in Cisco dispute, plans new software in Q2
Subscribe for More Information
15:50 EDTCSCOCisco looks to stop imports of Arista Networks routers, Bloomberg says
Arista (ANET), according to a U.S. trade judge, violates three Cisco (CSCO) patents, adds Bloomberg.
10:26 EDTCSCOFireEye calls active
Subscribe for More Information
10:18 EDTCSCOCisco could be interested in FireEye, dealReporter says citing sources
Subscribe for More Information
January 28, 2016
16:50 EDTCSCOCisco says Chief Development Officer Pankaj Patel to step down
Cisco disclosed in a regulatory filing that, on January 25, Pankaj Patel, EVP and Chief Development Officer, Global Engineering of Cisco Systems notified the company of his decision to step down from his current position during 2H16.
January 27, 2016
09:29 EDTCSCOFacebook data center project supported by telco heavyweights, FT reports
Subscribe for More Information
08:56 EDTCSCOEMC CEO says 'very committed' to partnership with Cisco
Subscribe for More Information
January 25, 2016
15:59 EDTCSCOArista Networks files antitrust allegations against Cisco, WSJ says
Subscribe for More Information
07:32 EDTCSCOTMC to hold a conference
Subscribe for More Information
January 24, 2016
14:40 EDTCSCOCollapse in private tech could ripple into public markets, Barron's says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use