GTT Communications' stock price plunged to its lowest level in more than five years in the aftermath of the company's dismal Q2 earnings reported last week.
The chipmaker says the deal will drive more than $2 billion of incremental, run-rate revenues and about $1.3 billion in earnings, including synergies between the two companies.
Infinera reported second-quarter 2019 revenues up 32% year over year to $307 million, while CEO Thomas Fallon projects the company will return to profitability in Q4.
CEO Lee Chen blamed the revenue miss on several large deals being delayed, and he sounded oddly optimistic on an earnings call despite the bad-news trifecta.
The company ended the second quarter with $1.1 billion in revenue, up 10% from the last quarter. Despite a return to strong sequential growth, revenues were down 8% year
The company plans to triple its sales force “over the next few years,” Google CEO Sundar Pichai said on parent company Alphabet’s second quarter 2019 earnings call.
CEO Randall Stephenson said that its recent cloud deals with Microsoft and IBM are allowing it to continue a "cost reduction curve on the network and IT side of
The company's latest financial results showed a 4% dip in revenues compared to the same quarter last year, weighed down by its systems hardware business.
Most of Ericsson’s network operator customers are engaging with the vendor on 5G and that’s a big change from a few quarters ago, CEO Börje Ekholm said.
Nutanix’s chief product and development officer is the latest Silicon Valley exec to jump ship for Google Cloud as former Google Cloud CTO Brian Stevens joins Nutanix’s board of
CEO Nikesh Arora pledged to integrate Twistlock container security and PureSec severless security into the Prisma cloud security portfolio “as soon as possible.”
The acquisition includes Marvell’s WiFi and Bluetooth technology portfolios and related assets, which generated about $300 million in revenue in fiscal 2019.
The vendor has reportedly reached deals to buy container security startup Twistlock for between $450 million and $500 million and another Israeli startup for an estimated $50 million to
The new switches are the third generation of Arista’s R-Series family of universal spine switches with new standards for throughput, density, power efficiency, and price performance.
The company seemed to be on the verge of a turnaround with its enterprise security business, but that came crashing down this week amid disappointing Q4 earnings, plunging stock
While chipset and display sales plunged during the first quarter of 2019, Samsung said its networking business was a relative bright spot due to the launch of 5G services