Tech Biz Review: Apple’s Miss IRRELEVANT, Juniper and Riverbed HIT It Off
Here are Wednesday’s top stories:
Positive results from Broadcom Corporation (NASDAQ:BRCM) and other chips companies are helping to rally stocks from that sector, as are several suppliers to Apple (NASDAQ:AAPL), which initially dipped on the fiscal third quarter miss. Cirrus Logic, Inc. (NASDAQ:CRUS), has more than a 60 percent exposure to the former, but its shares spiked as well. There are at least two possible causes for this mini-phenomenon: the Street expects that Samsung will make up for any iShortfall, and/or investors are less bothered by Apple’s iPhone shipments, than its margin and active server page declines.
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Juniper Networks (NYSE:JNPR) and Riverbed Technology, Inc. (NASDAQ:RVBD) shares make up for their lackluster performances in the spring, by continuing to fly following the posting of second quarter results and issuing better-than-feared guidance. Reaching a partnership linked to Riverbed’s application delivery controller technology didn’t exactly hurt, either.
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