Cisco shares rally above $30

After a series of product launches at Mobile World Congress, Cisco's share price is at its highest since 2007

A flurry of product launches at Mobile World Congress have seen Cisco stocks rally above $30 for the first time since 2007.

The networking kingpin launched the USC 8000 small cell base station, as part of a collaboration with SpiderCloud. The 4G/Wi-Fi solution is to be sold via channel partners with Vodafone being the first to offer the USC 8000 to its enterprise customers. With carriers increasingly looking to small cell technologies to alleviate the pressure in dense urban areas, the Cisco/SpiderCloud solution has got the industry talking.

“This is what the small cell market has been waiting for, combining a compelling technology solution from Cisco and SpiderCloud, with the reach and expertise of Cisco’s enterprise business,” said Scott Morrison, vice president and general manager, Cisco Small Cell Technology Group. “As the first service provider customer, Vodafone is pioneering this small cell solution across the world.”

Cisco also unveiled Mobility IQ, a SaaS analytics solution for mobile carriers.

The apparently strong product pipeline, combined with the recent Q2 results of $11.9bn in revenue (a 7% increase Y/Y), seems to have got investors all excited. Shares were up 2.2% yesterday and have ballooned by 12% since the FQ2 results less than a month ago.  

 

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