Aug 25, 2017 - Shares of Mountain View-based flash storage company Pure Storage gained more than 7 percent overnight, after posting better-than-expected quarterly earnings and announcing that longtime CEO Scott Dietzen is stepping aside and transitioning to chairman of the board.
Dietzen joined Pure Storage in 2010 and led the company through its IPO in October 2015. That month, shares peaked at around $19 per share, but fell shortly thereafter and have yet to recover. A $10,000 investment in Pure Storage at its…
Jul 21, 2017 - Shares of Santa Clara-based Arista Networks fell more than 4 percent in after-hours trading Thursday night, after regulators with the U.S. International Trade Commission refused to lift a ban on imports of some of Arista’s network switches.
San Jose-based rival Cisco Systems (NASDAQ: CSCO) claims the switches infringe on two of its patents. Arista has challenged the legality of those patents with the U.S. Patent and Trademark Office.
In a filing Thursday, the International Trade Commission said…
Sep 19, 2017 - ANET CAGR growth rate for the past five years is 51.9%.Arista Networks provides ultra-high speed switches used in data centers.ANET is in direct competition with Cisco, providing significantly better
Sep 18, 2017 - Cisco Systems said Monday that Executive Chairman John Chambers will not seek re-election to the board of directors after two decades of leadership. His term ends in December.
Chambers will be granted an honorary title of Chairman Emeritus at the company’s annual shareholder meeting at the end of the year. CEO Chuck Robbins will assume the chairman role at that time.
"John's brilliant mind, compassion and charismatic leadership have helped shape Cisco for over 20 years, and for that we are all…
Jul 07, 2017 - The ITC decision ratchets competition - recent '944 ITC ruling in favor of Arista will further impact near-term networking revenue growth.The FTC decision puts an elephant in the room - FTC consent of
Jul 21, 2017 - Arista Networks (NYSE:ANET) is down 2.3% today after a setback at the ITC, which maintained an import ban on products involved in a patent dispute with Cisco Systems (NASDAQ:CSCO). That's despite rul
Mar 29, 2017 - Cisco (CSCO) is planning to sell its newly developed standalone network operating system software called Lindt separately from its high-end devices.
Aug 04, 2017 - The networking hardware company reported a stellar quarter, featuring blockbuster revenue and earnings growth.
Mar 03, 2016 - VMWare’s Costly vSphere Upgrade Could Cost Business, Stocks: VMW,ANET,MSFT,AMZN,HPQ,EMC, release date:Mar 03, 2016
Aug 01, 2017 - The PowerShares NASDAQ Internet Portfolio ETF has seen phenomenal growth since its inception.PNQI has a .60% expense ratio, but FDN is only slightly cheaper at .54%.This fund is allocated to tech and