Juniper Networks (JNPR) and Ruckus Wireless (RKUS) will team up to sell enterprise customers a package of high-speed data networking, security and wireless technology, a pact aimed at taking on Cisco Systems (CSCO). Sunnyvale, Calif.,-based Ruckus, a maker of Wi-Fi networking gear, competes with Aruba Networks in the enterprise market. In March, Hewlett-Packard (HPQ) agreed to acquire Aruba Networks for about $3 billion in cash, which will boost
Tesla Motors (TSLA) sees no delay for its much-awaited Model 3 electric car for the masses, a spokesperson told IBD, countering news reports that suggested plans could be lagging by a year. After the flap over a presentation slide, Tesla Motors stock closed down 1% on the stock market today, after falling as much as 2.6% intraday. Shares are still in buy range. The website InsideEVs.com had said in a report that the upcoming $35,000 Model 3 car
Economists might still be questioning if money saved from falling energy prices will make its way to the discretionary sector, but if the price action among stocks in IBD’s Cosmetics/Personal Care group is any indication, it has. Consumer discretionary firms sell non-essential goods and services. The bull argument says that accommodative monetary policy by the Federal Reserve, along with an improving job market and wage growth, are all good for