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Cisco Systems, Inc. (NASDAQ:CSCO): Cavium (NASDAQ:CAVM), a developer of semiconductor processors that are used in networking equipment, rallies after Cisco reported stronger Q1 results than expected. Furthermore, networking equipment maker Cisco reported an in-line Q2 earnings per share guidance. Also, Cisco CEO John Chambers stated that he saw indications of improvement in the U.S. enterprise, service provider, and commercial markets. In a note to investors earlier in the day, Pacific Crest analyst John Vinh wrote that Cisco’s switching and routing revenues were higher than expected during its Q4. Cisco accounts for 25 percent of Cavium’s revenue, according to Yinh, and Cavium has the ability to show a great deal of growth from the revenue it obtains from Cisco. The analyst keeps its Outperform rating and a $40 price target on the stock.
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Alcatel Lucent SA (NYSE:ALU): Togo hopes that the announcement by Alcatel-Lucent will assist in furthering the boost of the quality of service, capacity, and coverage of its mobile broadband network will be successful in the improvement of customer satisfaction for Togo Cellulaire, which is one of the country’s mobile operators. On Tuesday, Alcatel and Cellulaire stated that they are pushing for a major expansion of the country’s GSM and 3G mobile networks. The report states that “the number of 2G BTS and 3G NodeB will be increased, microwave links will provide robust backhaul to the new sites, and the capacity of some of the existing microwave links will be extended.”
Sirius XM Radio Inc (NASDAQ:SIRI) could be prepared to launch its own version of personalized radio in the near future, and investors that keep up with the company are aware that management made a promise to release the new product this year. Since there are only about 6 weeks left in 2012, it is easy to claim that a product will launch soon.
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