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Stock Market & Financial Investment News

News Breaks
April 15, 2014
09:02 EDTCSCO, LMOSLumos Networks selects Cisco as exclusive supplier for Project Ark
Lumos Networks (LMOS) announced the selection of Cisco (CSCO) as its exclusive supplier of mission critical equipment for Project Ark, its new broadband MPLS/IP fiber network designed primarily to handle Fiber to the Cell site traffic within the company’s network. Cisco’s ASR 9912 routers, the foundation for Project Ark, will be deployed in Ashburn, Virginia, Pittsburgh, Pennsylvania, Roanoke, Virginia and Charleston, West Virginia. Network construction will begin in the 2Q14 with completion of the first phase of Project Ark scheduled for the 3Q14. The company expects to begin routing traffic from newly installed FTTC sites onto the “Ark network” in 4Q14 and it is expected that existing FTTC traffic will be migrated to the “Ark network” in early 2015.
News For LMOS;CSCO From The Last 14 Days
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January 23, 2015
09:02 EDTCSCOA10 Networks announces collaboration with Cisco
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January 22, 2015
11:32 EDTCSCOF5 Networks plummets after Q2 outlook trails estimates
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08:57 EDTCSCOIxia slides after Oracle unveils Virtual Compute Appliance X5
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05:53 EDTCSCOCisco price target raised to $33 from $26 at Piper Jaffray
Piper Jaffray raised its price target for Cisco to $33 saying it is more positive on shares after its 2015 survey of chief investment officers indicated managements expect to increase their budgets on Switching, Routing, WLAN and Security. Piper believes Cisco is well positioned for increased spending and reiterates an Overweight rating on the stock. The networking giant closed yesterday down 23c to $27.84.
January 21, 2015
18:27 EDTCSCOOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
17:00 EDTCSCOCisco down 1.4% after Oracle's Ellison says VCA cheaper than Cisco product
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16:58 EDTCSCOOracle introduces Virtual Compute Appliance, Bloomberg reports
Oracle's (ORCL) Ellison says Virtual Compute Appliance is half the price of equivalent Cisco (CSCO) hardware, added Bloomberg, citing comments from an event at Oracle headquarters.
January 15, 2015
13:07 EDTCSCONetworking trends seen as boon for Cisco, others
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06:27 EDTCSCOIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link

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