|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||46.47 - 47.30|
|52 Week Range||40.25 - 58.26|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||17.84|
|Earnings Date||Nov 13, 2019|
|Forward Dividend & Yield||1.40 (3.03%)|
|1y Target Est||55.25|
SAN JOSE, Calif. , Oct. 11, 2019 /PRNewswire/ -- Cisco (NASDAQ: CSCO) today announced it has completed the acquisition of privately-held CloudCherry based in Salt Lake City, UT . CloudCherry is a Customer ...
Like a playoff baseball game with lots of twists and turns, we’ll probably have to go inning-by-inning as news trickles out today on trade talks. Whether the last at-bat is a strikeout or a solid base ...
Legacy tech giant Cisco Systems Inc. (CSCO), despite dropping nearly 20% over the past three months, could see its stock skyrocket by 70% to reach $80 per share, back to the high it reached during the bubble era in 2000, according to Evercore ISI analyst Amit Daryanani, as outlined by Barron’s. That could add $140 billion to the company's market value, which today stands at just under $200 billion. Daryanani is upbeat about Cisco’s shift away from hardware to a software-driven model and its focus on new high-growth sectors of the market such as cybersecurity and applications. As for Cisco’s core networking segment, the Evercore analyst is forecasting growth in the low- to mid-single digits on a percentage basis.
Goldman Sachs on Thursday downgraded Cisco stock to neutral on views that corporate spending on technology has weakened amid the U.S.-China trade war. Cisco stock fell on the news.
U.S. stocks rose in early afternoon trading on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple's shares lifted the technology sector. Wall Street's main indexes moved higher after President Donald Trump tweeted he would meet Chinese Vice Premier Liu He on Friday for further trade talks.
U.S. stocks rose by about 1% for the second straight day on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple's shares lifted the technology sector. Wall Street's main indexes moved higher after President Donald Trump tweeted he would meet Chinese Vice Premier Liu He on Friday for further trade talks.
Enterprise spending will continue to “deteriorate,” according to Goldman Sachs, and that could pose problems for several large tech stocks.
U.S. stocks gained on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple's shares lifted the technology sector. Wall Street's main indexes moved higher after President Donald Trump tweeted he would meet Chinese Vice Premier Liu He on Friday for further trade talks.
The major stock indexes were squarely higher after President Trump's comments on U.S.-China trade talks. Apple stock was upgraded.
Wall Street's main indexes were set to open lower on Thursday, as top negotiators from the United States and China meet for the first time since late July to try to hammer out a deal to end the 15-month long trade war. U.S. stocks had a roller-coaster week so far, with developments in the trade war stealing the spotlight.
Shares of Cisco Systems Inc. are off 1.6% in premarket trading Thursday after Goldman Sachs analyst Rod Hall downgraded the stock to neutral from buy based on his view that enterprise spending will weaken further and that telecom spending will stay "depressed" in the immediate term. "In the telecom segment, we are concerned that negative trends could persist well into 2020, driven by carrier pauses ahead of 5G and needed carrier network automation implementation," Hall wrote. More generally, Goldman's recent survey of value-added resellers was "incrementally negative" on trends in enterprise spending. "We believe that most of this weakness relates to a lack of business confidence at large enterprise driven by trade volatility as opposed to a broader macro slowdown," Hall wrote. He reduced his price target on Cisco shares to $48 from $56 in conjunction with the downgrade. The stock is off 18% over the past three months, while the Dow Jones Industrial Average has lost 1.9%.
Over the past 30 days, as of Wednesday's closing bell, the S&P 500 (-2.7%) had performed poorly, the "more exposed to tech" Nasdaq Composite (-3.3%) had done worse, and Cisco at -6.4%, well that speaks for itself. Before we dig in, I like CSCO, I am long CSCO, and I believe in CSCO CEO Chuck Robbins. Early on Thursday morning, Cisco was downgraded at Goldman Sachs from "buy" to "neutral", as that firm lowered their price target from $56 to $48.
Goldman Sachs just downgraded Cisco shares, yet the company's valuation appears to be more than fair in today's low-yield environment.
Cisco Systems was downgraded to neutral from buy at Goldman Sachs with a price target of $48, down from $56. Analyst Rod Hall's price target implies a 2.5% increase from Cisco's closing price Wednesday of $46.84. Hall said he expects the market will move Cisco's multiple down to his price target, which he noted was closer to the company's historical price-to-earnings ratio.
DOW UPDATE The Dow Jones Industrial Average is climbing Wednesday morning with shares of Cisco and Exxon Mobil seeing positive momentum for the price-weighted average. The Dow (DJIA) was most recently trading 170 points, or 0.
On CNBC's "Fast Money Halftime Report," , Rob Sechan said that he is underweight the emerging markets broadly because of trade data, weak economic data and high valuations, but he likes Brazil. ...
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was Cisco Systems, Inc. (NASDAQ:CSCO). Is Cisco Systems, Inc. (NASDAQ:CSCO) undervalued? […]
DOW UPDATE Behind declines for shares of Dow Inc. and Cisco, the Dow Jones Industrial Average is seeing a selloff Tuesday afternoon. Shares of Dow Inc. (DOW) and Cisco (CSCO) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 274 points, or 1.
Facebook's Portal video chat devices will now handle the company's Workplace service for businesses, Facebook announced at its Flow conference.