Wall Street may be hammering Cisco (Nasdaq: CSCO)–the company’s share price has stuttered since it released earnings results last week, closing Friday at $16.47, down from a high of $21.30 in recent months–but new data suggest Cisco may currently be the strongest performer in the service provider routers and carrier Ethernet space.
Synergy Research Group said Cisco, in the first quarter of 2012, was the only vendor to swim against a 6 percent drop in vendor revenues for service provider routers and carrier Ethernet. It showed a sequential gain of 2 percent.
Cisco also grabbed a bigger share of the market, closing the quarter with a 56 percent share, which was better than its 50 percent share average for all of 2011.
Alcatel-Lucent (NYSE: ALU), too, saw its revenues drop in the first quarter while adding market share. In Q1, the company held 17 percent of the market, maintaining its No. 2 ranking for the second straight quarter. Juniper Networks remained in the No. 3 spot.
“One positive indicator for Juniper was that sales did bounce back strongly in North America after a very soft fourth quarter,” the market-intelligence firm Synergy said.
Cisco’s share of the North America market is typically 10 percent ahead of its share of the APAC and EMEA markets. Strong spending in North America, therefore, helped it disproportionately when compared to its competition, Synergy said.
For Q1, North America represented 47 percent of the worldwide market, with Cisco grabbing 63 percent of those revenues.
“We are used to seeing seasonal fluctuation in the market but the swings in this quarter were particularly strong,” said Synergy founder and Chief Analyst Jeremy Duke. “This was driven by significant Service Provider spending in the U.S., where networks are running hot.”
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