Aerohive Networks (HIVE) is challenging rivals such as Motorola (MSI), Hewlett-Packard (HPQ) and Juniper Networks (JNPR) in the wireless networking equipment market as use of mobile devices explodes and companies look for better ways to manage usage growth. That was the upshot from a presentation by David Flynn, Aerohive’s chief executive, at William Blair & Co.’s annual growth stock conference in Chicago on Thursday. Aerohive is a fast-growing
Fiber-optic parts maker Ciena (CIEN) is moving up the telecom supply chain, taking on network gear vendors Juniper (JNPR), Cisco Systems (CSCO) and Alcatel-Lucent (ALU), UBS says in a new report. Ciena, whose core business is selling optical technologies, is adding more packet-switching networking functionality into its products, says UBS analyst Amitabh Passi, who has a buy rating and price target of 27 on the stock. Ciena shares are down about
Security firm Palo Alto Networks posted fiscal Q3 earnings late Wednesday that exceeded expectations, as did its Q4 outlook, sending shares rising 10% after hours. The company also announced that it had settled its three-year patent dispute with Juniper Networks (JNPR) and ended all litigation. Palo Alto Networks (PANW) ended the quarter with more than 17,000 customers, up from 16,000 in fiscal Q2 and marking its highest customer-acquisition rate