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Stock Market & Financial Investment News

News Breaks
July 1, 2013
11:26 EDTCSCO, ALUCisco rises after firm says outlook improving
Shares of Cisco (CSCO) are climbing after research firm Piper Jaffray wrote that the company appears to be gaining momentum and raised its price target on the stock. WHAT'S NEW: Cisco is gaining momentum in a number of its main markets, Piper analyst Troy Jensen wrote in a note to investors. The company should benefit from strong sales to large companies and increases in capital spending by telecom companies, as well as problems at two of its competitors, Alcatel-Lucent (ALU) and Huawei, the analyst predicted. Jensen increased his price target on the stock to $28 from $25 and reiterated an Overweight rating. PRICE ACTION: In late morning trading, Cisco climbed 50c, or 2%, to $24.65.
News For CSCO;ALU From The Last 14 Days
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July 27, 2015
11:18 EDTCSCOCisco's new CEO names Biri Singh as CTO, Kevin Brandy as CDO
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July 26, 2015
15:07 EDTCSCOCisco CEO to add 'key external hires' to management team, Barron's says
Cisco CEO Chuck Robbins told Barron's in an interview that "I think itís fair to say I bring the ability to move faster [than predecessor John Chambers] just in how I structure the teams and how I will interact with them," adding that he plans "some key external hires," potentially in cloud computing and security. The publication notes that shares of Cisco could jump "sharply higher" if investors start looking at Cisco's potential strength in the Internet-of-Things space. Reference Link
14:44 EDTCSCOAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
13:29 EDTALUAlcatel CEO says Nokia deal may close sooner than expected, Re/code reports
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06:17 EDTCSCOCisco new CEO says to exit Q4 with headcount up
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06:08 EDTALUNokia receives European Commission approval for Alcatel-Lucent acquisition
Nokia (NOK) announced that it has received approval from the European Commission for its pending acquisition of Alcatel-Lucent (ALU). The proposed transaction was notified to the European Commission on June 19, 2015 and was cleared today without conditions following a Phase 1 review. Approval by the European Commission follows previously disclosed antitrust clearances in Brazil and Serbia and the expiration of the antitrust review period in the United States. In addition, the parties confirmed today they have received further antitrust clearances from Albania, Canada, Colombia and Russia. Both companies will continue to cooperate with the remaining authorities to close their reviews as quickly as possible. The transaction remains subject to approval by Nokia shareholders, Nokia holding over 50.00% of the share capital of Alcatel-Lucent on a fully diluted basis upon completion of the public exchange offer, receipt of other regulatory approvals and other customary conditions. The transaction is expected to close in the first half of 2016.
July 23, 2015
06:15 EDTCSCOTechnicolor to acquire Cisco's connected devices unit for EUR550M
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July 21, 2015
14:24 EDTCSCOEarnings Watch: EMC reports amid M&A speculation in sector
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July 17, 2015
13:29 EDTALUWireless infrastructure shares up after Ericsson,TESSCO report
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07:05 EDTCSCOCisco management to meet with Deutsche Bank
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July 16, 2015
09:08 EDTCSCOGE unveils high-speed network infrastructure for industrial internet connection
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07:15 EDTCSCOCisco management to meet with Deutsche Bank
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July 15, 2015
07:24 EDTCSCOCisco management to meet with Deutsche Bank
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