The Traderszone Network

Cisco, which saw its shares rise 5.6 percent in extended trading on Wednesday, has been trying to make a transition toward a new cycle of high-end switches and routers. “”We executed very well in a tough environment, and I’d say our strategy is playing out like we expected,” Chief Financial Officer Kelly Kramer told Reuters. The switching business, which makes products that handle traffic at large internet data centers, brought in about 39 percent of Cisco’s total hardware revenue in 2014, while the router business accounted for about 21.2 percent.

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Cisco, which saw its shares rise 5.6 percent in extended trading on Wednesday, has been trying to make a transition toward a new cycle of high-end switches and routers. “”We executed very well in a tough environment, and I’d say our strategy is playing out like we expected,” Chief Financial Officer Kelly Kramer told Reuters. The switching business, which makes products that handle traffic at large internet data centers, brought in about 39 percent of Cisco’s total hardware revenue in 2014, while the router business accounted for about 21.2 percent.

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The number of U.S. properties in foreclosure upon rose 5 percent in January, driven by a jump in bank repossessions, real estate data firm RealtyTrac said on Thursday. Overall, 119,888 properties were at some stage of the foreclosure process, still down 4 percent from a year earlier. The unwinding of distressed housing assets, a multiyear legal process in many states, was gathering pace, RealtyTrac said.

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The number of U.S. properties in foreclosure upon rose 5 percent in January, driven by a jump in bank repossessions, real estate data firm RealtyTrac said on Thursday. Overall, 119,888 properties were at some stage of the foreclosure process, still down 4 percent from a year earlier. The unwinding of distressed housing assets, a multiyear legal process in many states, was gathering pace, RealtyTrac said.

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Tesla Motors Inc missed fourth-quarter sales targets and analysts’ profit expectations, but Chief Executive Officer Elon Musk on Wednesday said by 2025 Tesla’s growth trajectory could take its market value to $700 billion, matching that of Apple Inc. Investors sent shares down nearly 4 percent in after-hours trade, after Tesla said heavy capital and operating expenses would escalate in 2015. Operating expenses for the year were $1.07 billion and are expected to grow another 45 percent to 50 percent in 2015.

Tesla Motors Inc missed fourth-quarter sales targets and analysts’ profit expectations, but Chief Executive Officer Elon Musk on Wednesday said by 2025 Tesla’s growth trajectory could take its market value to $700 billion, matching that of Apple Inc. Investors sent shares down nearly 4 percent in after-hours trade, after Tesla said heavy capital and operating expenses would escalate in 2015. Operating expenses for the year were $1.07 billion and are expected to grow another 45 percent to 50 percent in 2015.

Together with a sharp drop in the cost of solar power and corporate efforts to rack up green credentials, the expiring tax subsidies have large energy purchasers taking a hard look at buying solar under big long-term contracts. Apple on Tuesday said it would spend $848 million over 25 years to buy 130 megawatts of electricity from a 280 MW plant – the solar industry’s largest-ever corporate power purchase agreement, or PPA. Apple’s major financial commitment gives solar a level of mainstream credibility that should entice other new customers.

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