Cisco Systems (CSCO) faces difficult product transitions that might enable smaller rivals to gain market share, says Barclays, which downgraded Cisco stock to equal weight from overweight. Barclays also noted in a research note Tuesday that Cisco has no apparent plans to exit unattractive or non-core businesses. Cisco stock fell a fraction to 21.45 near midday in the stock market today, but it’s down nearly 20% since August and fell 11% in
Aruba Networks’ (ARUN) stock popped Friday after the wireless gear maker reported fiscal Q2 earnings and revenue above expectations while touting customer wins vs. top rival Cisco Systems (CSCO). Aruba Networks shares gapped up 8% in early trading in the stock market today to a 10-month high near 23. Aruba late Thursday also announced that it’s added $200 million to its stock buyback program. For its fiscal Q2 ended Jan. 31, Aruba reported EPS
Cisco Systems (CSCO) might be down, but it’s far from out. So says Jason Ader, an analyst with William Blair & Co., in a research report Thursday. He says the computer networking leader still has plenty of upside despite late Wednesday posting a year-to-decline in revenue for its fiscal Q2 ended Jan. 25. That was its first revenue drop in more than four years, as IBD reported. Investors need more assurances, however. Cisco stock was down more than