Cisco Tops Networking Market

Networking rivals disappoint investors.

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After reporting better-than-expected earnings and giving investors reason to believe its turnaround plan will work, Cisco Systems (NASDAQ: CSCO) shares popped 18 percent in intraday trading. Networking rivals Juniper Networks (NASDAQ: JNPR), Riverbed Technology (NASDAQ: RVBD) and Brocade Communications Systems (NASDAQ: BRCD) disappointed investors with their recent earnings announcements, and shares plunged.

"To that end, CEO John Chambers stated yesterday that, ‘We've made significant progress on our comprehensive action plan to position ourselves for our next stage of growth and profitability...[now] you will see a very focused, agile, lean and aggressive company...’"

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This article was originally published on Aug 15, 2011
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