Fresh off the thrill of announcing a megapartnership with Ericsson (ERIC) designed to grow sales instantly while the pair jointly develop cloud and 5G “networks of the future,” as they called it, networking gear leader Cisco Systems (CSCO) kicked off its fiscal 2016 with disappointing guidance. The networking gear leader, however, late Thursday posted earnings per share and sales that beat expectations for its fiscal Q1 ended Oct. 24. The San
GoPro (GPRO) stock sank below its IPO price for the first time on Thursday over continuing concerns about slowing sales of its action cameras. GoPro stock fell 7.8% to 23.15 on the stock market today. Intraday it was as low as 23.10. GoPro went public on June 26, 2014, at $24 a share. It reached as high as 98.47 on Oct. 7, 2014. GoPro leads the market for wearable action cameras that capture video and still images in high resolution. But it faces
Alphabet (GOOGL)-owned Google on Wednesday launched its much-anticipated YouTube Music app in the U.S., for both the Apple (AAPL) iOS and Google Android operating systems. The streaming music service and app aims to use the YouTube site’s massive music video collection to go up against Internet streaming music offerings including Apple Music — which Apple launched in June — and Spotify. YouTube Music is part of YouTube Red, the no-ad $9.99 per