Cisco sees momentum in CRS-1 sales
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Executives at networking giant Cisco Systems say the company&#39;s new CRS-1 core Internet router is ahead of revenue targets, just as the company announced on Sunday a smaller version of the product.
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Cisco Systems Inc.'s  strong  quarterly results and upbeat outlook pushed up tech shares on  Wednesday, cheering investors who had beaten down the sector  after weak results from other tech heavyweights.
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Cisco Systems Inc. on Tuesday will introduce new products aimed at protecting and expanding one of its biggest sources of revenue &#151; computer-networking equipment for small businesses and branch offices.
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Cisco Systems, the world&#39;s largest maker of equipment that routes traffic across the Internet, barely met analyst expectations on Tuesday when it reported quarterly earnings and noted a sequential decline in revenues for its IP router business.
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Cisco Systems Inc., the world&#39;s largest maker of computer-networking equipment, said first- quarter profit rose 29 percent amid demand for Internet phones and devices that link homes to the Web.
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Cisco Systems Inc. on Tuesday reported significant gains in earnings and revenue for its fiscal 2005 first quarter that met analyst expectations.
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Cisco has rolled out the first product to result from its collaboration with Microsoft, targeting the SMB market. The new CRM Communications Connector ties Cisco&#39;s IP contact-center applications
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(InfoWorld) - When Cisco meets analysts Wednesday at an annual conference about its business outlook, the dominant networking player will bring a good financial record and an even more impressive forecast. Rapidly expanding beyond its traditional routing and switching businesses into voice, video, wireless, and other categories,Â the company now sees gold in collaboration using Web 2.0 technologies. Last month, when it reported results for its fourth quarter and 2007 fiscal year, Cisco upped its forecast for quarterly revenue growth, year over year, to between 12 percent and 17 percent on average. That prediction is likely to be a hot topic at the conference, taking place at Cisco's San Jose, California, headquarters. That's impressive for a company that's anything but a startup with a market capitalization of about $200 billion and annual revenue of nearly $35 billion. Even Microsoft's quarterly revenue hasn't consistently been growing that fast in recent years. The new forecast is a jump up from a previous standing estimate of 10 percent to 15 percent that was controversial when first made a few years ago. Analysts credit smart moves and generally good execution in entering new technology areas as well as strength in its core markets for the company's ongoing success. Real-time communications of all kinds, including voice, data, social networking, and a form of high-quality videoconferencing Cisco calls Telepresence, will drive continued growth, Chairman and CEO John Chambers said last month. The company has aggressively acquired to capture new markets,Â buying video infrastructure vendor Scientific-AtlantaÂ last year andÂ online collaboration service WebExÂ earlier this year, in addition to many smaller players. But its followup is just as important, according to Brian Riggs of Current Analysis, who specializes in communications. Cisco doggedly builds on the products it acquires and modifies its lineup to meet customer demands as it did with its Smart Business Communications System for small businesses earlier this year, Riggs said. Cisco also seems to have a smarter approach to developing markets than do other first-world tech companies, said Yankee Group analyst Zeus Kerravala. Starting at the top with heads of state and convincing governments of the value of Cisco's technology, the company sells into poorer countries without eroding its profit margin, he said. Threats still loom, however. Microsoft is getting ready to take on Cisco's unified communications architecture with Office Communications Server 2007 despite the two companies' pledge last month to work together. Hewlett-Packard's well-priced ProCurve products are gaining in enterprise LANs, F5 Networks could threaten Cisco in data centers, and there's a danger of Cisco's infrastructure gear becoming a commodity unless the company keeps innovating, Kerravala said. However, Chambers's rhetoric and Cisco's results also say something about the industry as a whole, he said. Sales of HP and Foundry Networks's enterprise products are also growing in a cycle that Kerravala attributes to upgrading networks that were built in advance of Y2K. "At first glance, you can say he's being overly optimistic, but on the other hand, he's rarely wrong," Kerravala said.
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Fujitsu has joined the networking parade by agreeing to sell Cisco&#39;s high-end routers and switches in Japan. It should come as no surprise as the market for high-end routers heats up.
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Stocks appeared set to open higher on Wednesday, particularly on Nasdaq, after Cisco Systems Inc.'s  results and outlook exceeded forecasts and reassured investors on prospects for corporate earnings.
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Cisco Systems, which has been under growing competitive pressure lately in the high-end router space, announced a series of initiatives this week designed to improve its market position, as well as bolster its relationship with telecom service providers.
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Cisco Systems Inc., the biggest maker of equipment that directs data over the Internet, on Tuesday said quarterly earnings rose 29 percent on rising demand for its networking gear.
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Cisco Systems Inc.  said on  Tuesday its quarterly net profit rose as customers bought more  network equipment in response to growing Internet traffic.
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A weak forecast from Cisco marked another roller-coaster week for technology companies on the stock market.The Nasdaq, home to many tech companies, suffered a gut-wrenching 3.1 percent drop Tuesday after a U.S. service sector report showed a decline in the nonmanufacturing index from December to January. Though the index recovered somewhat during the rest of the week, the Tuesday drop was yet another demonstration that IT investors are worried that a broad economic slowdown will affect technology. The decline in the nonmanufacturing sector was the first such drop since the beginning of 2003.Cisco&#39;s earnings report&#160;on Wednesday reinforced concerns that the broader economy will have an impact on IT. Cisco forecast revenue for its current fiscal quarter to increase 10 percent, compared to analyst consensus expectations of 15 percent, according to Thomson Financial. On a conference call with analysts, CEO John Chambers said the upcoming quarters will be &quot;extremely challenging.&quot;Confirming fears of market watchers, he also noted that &quot;we are seeing our U.S. and European customers becoming increasingly cautious.&quot;However, sales for the fiscal quarter ending Jan. 26 were up by 16.5 percent to $9.8 billion. The company has been saying for some time that it will sustain double-digit growth through the rest of the decade by incorporating data, voice, video, and mobile capabilities -- its &quot;quadruple play&quot; -- across product lines.Despite the muted forecast, market watchers still have faith in the company. Company shares rose slightly the day after the report, closing at $23.38, up by $0.30.The &quot;quadruple play&quot; pitch still resonates with analysts, and several company watchers noted that Cisco shares have declined along with the wider market over the last few months, giving it a good valuation for long-term investors. Pacific Crest analyst Tim Daubenspeck upgraded the stock to &quot;Outperform&quot; from &quot;Sector Perform.&quot;&quot;Ultimately, we believe that many of the drivers are firmly in place for Cisco to achieve its long-term growth forecast of 12 percent to 17 percent,&quot; he said in a research note.Chambers&#39; cautious forecast, however, could have a bad effect on its suppliers and customers, including electronics manufacturing services and telecom companies. On Thursday, Qwest Communications dropped $0.29 to close at $5.27, Sprint Nextel declined by $0.6 to close at $9.56, and Nortel Networks dropped $0.55 to $10.99.In other telecom-sector news,&#160;Alcatel-Lucent&#160;on Friday said revenue for its fourth quarter increased 18 percent to $7.61 billion. The company, however, suffered a net loss of $3.76 billion, mainly because of a writedown related to the shrinking value of assets from Lucent. Company shares declined by $0.29 to $5.96 in midafternoon trading.Citigroup Global Equity Research said that the Cisco forecast does not bode well for electronics manufacturing suppliers. &quot;Simply put, this is not good news for EMS [electronics manufacturing services] companies,&quot; wrote Citigroup&#39;s Jim Suva in a research note.Such companies include Jabil Circuit, Celestica, and Smart Modular Technologies, he noted.In other technology sectors, Time Warner&#39;s plans to&#160;split up the Internet access and audience businesses of its AOL unit, reiterated by CEO Jeff Bewkes Wednesday, gave a temporary boost to Time Warner shares. Time Warner wants to grow AOL&#39;s ad-supported audience business, including online services and content.The company had said before that it would at some point run the two businesses as separate entities, to better focus on the advertising business. Nevertheless, company shares rose $0.31 Wednesday to close at $15.71.But the company has an uphill battle. In the fourth quarter, AOL&#39;s ad revenue increased 18 percent, less than the 25 percent industry average. And it faces not only Google, but a potentially strengthened Microsoft, if its&#160;bid to buy Yahoo&#160;succeeds.
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(InfoWorld) - Global IT expansion this year is expected to be modest, but vendors that demonstrate nimbleness and creativity are being rewarded. Market indices have declined as traders brace for a slowdown after corporate share prices rose steadily over the past seven months. But IT investors are still jumping on the bandwagon for companies that are seen making wise investments and restructuring decisions. Traders applauded EMC's decision, announced Wednesday,Â to offer 10 percent of its VMware virtualization software subsidiary in an IPO. Despite a general market downturn Thursday due to concerns over the U.S. housing market, EMC shares were trading at $14.58 Thursday afternoon, up by $0.99. The spin-off lets the public inject cash into a part of the company offering trendy virtualization technology while allowing users and investors to more easily analyze the core traditional storage business, which many analysts feel is undervalued. Hewlett-Packard shares also remained high this week in the wake of its Monday announcement thatÂ it will buy business transactions monitoring software supplier Bristol TechnologyÂ for an undisclosed amount. HP said Bristol will help strengthen its business technology optimization product offerings. Cisco Systems shares jumped Wednesday,Â after it issued its earnings report Tuesday, and stayed high. Cisco is doing well in several key areas. Beating analyst forecasts for sales last quarter, Cisco reported that revenue increased more than 27 percent to $8.4 billion and profit grew 39.7 percent to $1.9 billion, compared to the year-earlier quarter. Key to company growth were storage products and developing markets -- precisely what market observers are looking for. Brokerage Robert W. Baird & Co. upgraded Cisco to "outperform" from "neutral." User demand for security, storage, wireless devices, and server optimization technology remains high, analysts say. Small businesses and developing economies are forecast to be the main drivers of growth. "The opportunity to provide SMBs with advanced technology will continue to grow significantly throughout the world in 2007," according to the report, from Ray Boggs, vice president for Small/Medium Business and Home Office research at IDC. Companies positioning to capitalize on trends are even, sometimes, forgiven losses. Even though ISP EarthLink Tuesday reported a fourth-quarter loss of $24.8 million, compared with a year-earlier profit of $29.2 million, it got kudos for making efforts to target growth opportunities. "The industry is shifting, and it is focusing on new opportunities like broadband, wireless Internet and Internet telephony in a variety of marketplaces around the USA, " said telecom analyst Jeff Kagan. EarthLink's loss was mainly attributed to its investment in Helio, the company's wireless joint venture with South Korea's SK Telecom. Despite the loss, Goldman Sachs analyst Anthony Noto upgraded the stock to "neutral" from "sell." "We believe the flexibility of the company to cut these investments or restructure via a leveraged buyout, management buyout or recapitalization limits the downside," Noto wrote in a research note. Â
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Cisco Systems, the world's biggest maker of computer-networking equipment, said Tuesday that second-quarter profit rose 40 percent as customers upgraded their communications systems for video.  Net income in the period ended Jan.
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8/24/2004 -- Cisco Systems yesterday announced a new Customer Relationship Management (CRM) Communications Connector for Microsoftâs CRM offering.