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Stock Market & Financial Investment News

News Breaks
April 4, 2013
18:10 EDTCIEN, JNPR, CTXS, CSCO, JDSU, FFIVF5 Networks peers trade down after company lowers Q2 guidance
Peers of F5 Networks (FFIV) in the Telco space are trading lower after-hours, after the company lowered its Q2 EPS and revenue guidance, and said on its conference call that "the largest area of weakness was in the Telco space, where sales were down significantly on both a year-over-year and sequential basis." Shares of Cisco Systems (CSCO), Juniper Networks (JNPR), JDS Uniphase (JDSU), Citrix Systems (CTXS), and Ciena Corporation (CIEN) are all trading lower by more than 2% after the close.
News For FFIV;CSCO;JNPR;JDSU;CTXS;CIEN From The Last 14 Days
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February 27, 2015
09:59 EDTJDSUSandell says to hold entire board of JDSU accountable for spin-off structure
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08:11 EDTCIENCiena March weekly volatility elevated into Q1 and outlook
Ciena March weekly call option implied volatility is at 76, April is at 49, July is at 40; compared to its 26-week average of 43 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results before the open on March 5.
07:20 EDTJDSUJDSUannounces names of new companies, departure of CFO Rex Jackson
JDSU announced yesterday the filing of a Registration Statement on Form 10 with the SEC, in connection with the spinoff of its Communications and Commercial Optical Products business, which will result in two independent, publicly traded companies. JDSU also introduced the new names of the two companies. In addition, the company announced that Rex Jackson, CFO, will depart JDSU September 30, following the expected completion of the spinoff and necessary fiscal year-end filings. Under the plan announced in September 2014, JDSU will spin off its CCOP business, to be named Lumentum Holdings. Lumentum will be a global leader in optical components and subsystems for the telecommunications market, with high growth opportunities in data communications. Alan Lowe will lead Lumentum as CEO. He joined JDSU in September 2007 as senior vice president of the Lasers business and became president of JDSU's newly formed CCOP business segment in 2008. Aaron Tachibana will be Lumentum's CFO. JDSU's Network Enablement, Service Enablement and Optical Security and Performance Products businesses will be renamed Viavi Solutions Inc. at the time of the separation. The Viavi brand is based on the company's ability to deliver the visibility and actionable insight needed to profitably manage the complex transition to next generation networks and services. Tom Waechter, JDSU's current president and CEO, will continue to lead Viavi. Rex Jackson has decided to leave JDSU on September 30, following the expected completion of the separation and the filing of Viavi's Annual Report on Form 10-K. JDSU expects to initiate a search for Jackson's replacement in due course. Current JDSU stockholders will own shares in both corporations following the separation. The spinoff is subject to the satisfaction or waiver of a number of conditions, including the Registration Statement on Form 10 for Lumentum common stock being declared effective by the SEC and certain other conditions described in the information statement included in the Registration Statement and in the agreements to be filed as exhibits to the Registration Statement and other customary matters. JDSU expects all the conditions to the spinoff to be satisfied on or before the distribution date. Approval by JDSU's stockholders is not required for completion of the separation.
February 26, 2015
10:20 EDTCSCORuckus Wireless will be in play if HP acquires Aruba, says Craig-Hallum
Craig-Hallum said Ruckus Wireless (RKUS) remains a likely takeout target following reports Hewlett-Packard (HPQ) may acquire competitor Aruba Networks (ARUN). Analyst Tony Stoss said if Hewlett is looking at Aruba, it should absolutely look at Buy rated Ruckus, which would also pressure Cisco (CSCO) to take a hard look at the company. Stoss says Ruckus has superior technology and exposure to the high growth service provider market with numerous catalysts ahead to drive shares higher.
09:04 EDTJNPRJuniper, Canonical form partnership for OpenStack-based cloud solutions
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February 25, 2015
14:03 EDTCTXSCitrix extends collaboration with Google to include Android for Work
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09:53 EDTCSCOCredit Suisse technology analysts hold an analyst/indusr
Analysts provide takeaways from Qualcomm, Cisco and Arista Networks on an Analyst/Industry conference call to be held on February 25 at 10 am.
09:25 EDTCSCO, CTXSCisco, Apple among U.S. names cut from China state buying list, Reuters says
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February 24, 2015
16:20 EDTJNPRVMware appoints Bask Iyer as Chief Information Officer
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15:46 EDTJNPRJuniper CIO leaving company for same role at VMware, Business Insider says
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15:28 EDTJNPRJuniper to hold an analyst and investor update
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09:02 EDTJNPRJuniper adds 2 directors to board, announces agreement with Elliott
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07:19 EDTCTXSSusquehanna to hold a summit
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07:14 EDTJNPRCantor to hold a conference
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February 23, 2015
10:15 EDTFFIVCyberArk sinks after JPMorgan analyst cuts rating to sell
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February 22, 2015
18:09 EDTCSCOArista Networks shares could be a bargain, Barron's says
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February 20, 2015
06:26 EDTCTXSCitrix management to meet with FBR Capital
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February 18, 2015
09:01 EDTCIENCiena names Marcus Starke as Chief Marketing Officer
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07:18 EDTFFIVF5 Networks coverage assumed with an Outperform at Credit Suisse
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07:08 EDTCTXSEvercore ISI to hold a field trip
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