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Stock Market & Financial Investment News

News Breaks
May 5, 2014
06:15 EDTSPEX, JNPRSpherix 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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May 12, 2015
10:01 EDTJNPROn The Fly: Analyst Upgrade Summary
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07:24 EDTJNPRJuniper upgraded to Buy on new product cycles at BofA/Merrill
As previously reported, BofA/Merrill upgraded Juniper to Buy from Neutral. The firm expects Juniper's new products and sequential growth in North American carrier spending to drive growth in core business lines. BofA/Merrill said Juniper's new products address recent weaknesses in security, switching, and routing and expects growth and operating margins to begin to stabilize. Price target raised to $34 from $27.
06:19 EDTJNPRJuniper upgraded to Buy from Neutral at BofA/Merrill
May 11, 2015
06:05 EDTSPEXSpherix issued standard-essential patent by USPTO
Spherix (SPEX) announced that the United States Patent & Trademark Office, or USPTO, is issuing the company another standard-essential patent. The company has received from the USPTO an issue notification for patent RE45521, set to issue on May 19. This patent is part of the same family of standard-essential patents currently being litigated against both Cisco (CSCO) and Verizon (VZ). The patented technology relates to the transmittal of data over a network and further enhances the company's existing portfolio.

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