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The next wave of the Internet is already underway – here are seven companies poised to power this digital revolution.
The contest for athletic wear customers has left once high-flying Under Armour dented and bruised as competitors pull ahead. Under Armour's market value has been cut in half since 2015 as competition heated up with companies including Lululemon and Nike and consumers demanded trendier workout attire. Lululemon has been a key beneficiary of the shift to workout gear that can be worn straight from work to the yoga studio or gym, known as “athleisure wear.” Its stock has soared over the last several years as it notches solid sales gains in the key North American market.
Earnings reports from NVIDIA and Cisco, a stay order on the JEDI contract, Facebook's app to compete with Pinterest and other stories are covered in this daily.
Facebook Inc said on Friday it had canceled its global marketing summit scheduled for next month in San Francisco due to coronavirus-related risks. "Out of an abundance of caution, we canceled our global marketing summit due to evolving public health risks related to coronavirus," a company spokesman said. Earlier this week, Mobile World Congress (MWC), the annual telecoms industry gathering in Barcelona, was canceled after a mass exodus by exhibitors on coronavirus fears.
If Washington thinks US tech companies are about to jump at the idea of building a new national champion in the 5G mobile communications business, it probably needs to think again. The idea was pitched last week by William Barr, attorney-general, as an antidote to what the White House has come to see as its Huawei problem: that allowing a Chinese-owned company to dominate the mobile communications infrastructure market will present an unacceptable national security risk. Among the most natural companies to lead such a push would be Cisco Systems, the leading maker of data networking gear.
Sierra Wireless (SWIR) delivered earnings and revenue surprises of -33.33% and 2.89%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
RICHMOND, British Columbia (AP) _ Sierra Wireless Inc. (SWIR) on Thursday reported a loss of $10.9 million in its fourth quarter. On a per-share basis, the Richmond, British Columbia-based company said it had a loss of 30 cents. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
Lululemon is committing to provide its 20,000 employees mental health benefits. EVP Celeste Burgoyne made the announcement at the 2020 MAKERS Conference on Wednesday.
Cisco's (CSCO) second-quarter fiscal 2020 results reflect weakness in the service provider, enterprise and commercial end markets as well as sluggish customer spending.
The chief executive of Cisco Systems has ruled out the idea of taking control of telecoms equipment makers Nokia and Ericsson, dealing a blow to the Trump administration’s latest bid to counter the rise of Chinese equipment maker Huawei. Chuck Robbins, head of the US networking equipment maker, said that building the infrastructure for 5G mobile networks — a big part of the European groups’ operations — did not fit Cisco’s financial profile or strategy. in Nokia of Finland and Sweden’s Ericsson to help build a stronger competitor to Huawei, which is viewed by Washington as a national security threat.
Cisco is altogether too relaxed about its recent slowdown in sales. Chief executive Chuck Robbins says he feels “confident” and “really good”. Cisco, the biggest maker of routers, switches and other kit needed to connect computers, is facing problems that software companies are not.
Cisco (CSCO) delivered earnings and revenue surprises of 1.32% and 0.16%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?