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News Breaks
May 5, 2014
06:15 EDTJNPR, SPEXSpherix commences federal litigation against Juniper for patent infringement
Spherix (SPEX) commenced litigation against Juniper Networks (JNPR), in the U.S. District Court for the District of Delaware, alleging that the Sunnyvale, California based company infringes five patents owned by Spherix. The patents asserted in the litigation were developed by Nortel Networks and acquired by Spherix in December 2013. The technology at issue relates to routers and switches sold by Juniper that move data across a network and are five of the same patents previously asserted by Spherix against Cisco. Spherix contends that the scope of Juniper's infringement of the asserted patents has been and continues to be substantial. Juniper is one of the world's largest manufacturers and sellers of routing and switching products for high-performance networks. The complaint alleges that for Juniper's fiscal year ending December 31, 2013, Juniper had revenues of over $2.24B from routers, $638M from switches and more than $790M from services. Similar revenues were reported for Juniper's 2011 and 2012 fiscal years. The complaint goes on to allege that the majority of Juniper's revenue from at least January 1, 2011 until the present is and has been generated by products and services implementing technology that infringes the asserted patents.
News For SPEX;JNPR From The Last 14 Days
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September 1, 2015
10:56 EDTJNPRRBC Capital to hold a bus tour
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07:49 EDTJNPRData networking shares should be bought on weakness, says Bernstein
Bernstein says that Cisco (CSCO), Juniper (JNPR), and F5 Networks (FFIV) are down almost 10% recently, although they have "limited exposure" to China, according to the firm. Additionally, even in the face of wider macro economic weakness, Cisco "would still be protected by a positive product cycle momentum," while Juniper would be shielded by "the late cycle nature" of the spending trends of its service provider customers, according to the firm. Bernstein keeps Outperform ratings on all the stocks named.
August 28, 2015
07:17 EDTJNPRCoomunication tech stock drop likely a buying opportunity, says Wells Fargo
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August 21, 2015
12:13 EDTJNPRBrocade soars after Q3 results top estimates
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