Revenues rose 6% YoY

Cisco’s (CSCO) routing business saw revenues rise 6% YoY (year-over-year) in fiscal 1Q17. Revenues in this segment rose from $2 billion in fiscal 1Q16 to $2.1 billion in fiscal 1Q17. This 6% increase was driven by strength in “Service Provider Core and Edge.” Over 50% of Cisco’s routing business comes from service providers.

Earlier this year, Cisco stated that it is well positioned to drive the transition to software-defined wide area networking with its IWAN portfolio (Intelligent WAN), which gives the firm an opportunity in the routing space. Cisco further stated that it’s seeing continued strength with its web scale customers where its core development continued.

Cisco’s Routing Business Revenue Rose after a Fall in 4Q16

Cisco leads the routing business with a share of 44.8%

According to IDC (International Data Corporation), Cisco Systems’ (CSCO) revenues fell 2.6% YoY (year-over-year) in its Service Provider and Enterprise Router segment in 2Q16. Its market share in 1Q16 was 48.8%, which fell to 44.8% in 2Q16.

By comparison, Juniper Networks’ (JNPR) combined Service Provider and Enterprise Router revenues fell 1.5% YoY in 2Q16. The company now has a 15.7% share in this space as compared to 14.5% in 1Q16. China-based (FXI) Huawei’s Enterprise and Service Provider revenues continued to climb in 2Q16 with revenues rising 15.3% YoY. Huawei now accounts for 18.9% of the global router market though the worldwide enterprise and service provider market fell 2% YoY to ~$3.7 billion at the end of 2Q16.

Nokia (NOK) acquired Alcatel-Lucent (ALU) last year to penetrate the routing space.

Latest articles

After opening on a bearish note on Wednesday, Tesla (TSLA) was trading with 4.8% losses for the day, near $195.25 at 1:16 PM ET.

With voting conducted in seven phases panning six weeks, India’s (EPI) elections have been a grand affair—to say the least. Tomorrow is the day of the results.

Qualcomm (QCOM) stock fell more than 10% in the first half of trading on May 22 after it lost its licensing lawsuit with the US FTC (Federal Trade Commission).

Apple (AAPL) suffered a setback recently when the US Supreme Court allowed an antitrust lawsuit against the company to proceed.

Today doesn’t seem to be a good day for electric vehicle companies. Earlier today, NIO stock hit an all-time low of $4.00.

22 May

Cannabis Stocks Struggle to Find Direction


The cannabis sector has been struggling to find direction on May 22, with cannabis stocks trading on a largely mixed note in the first half.