47.30 +0.02 (0.04%)
After hours: 7:18PM EDT
|Bid||47.30 x 1100|
|Ask||47.32 x 1100|
|Day's Range||47.12 - 47.61|
|52 Week Range||32.39 - 48.06|
|PE Ratio (TTM)||2,364.00|
|Forward Dividend & Yield||1.32 (2.78%)|
|1y Target Est||N/A|
In the latest trading session, Cisco Systems (CSCO) closed at $47.28, marking a -0.32% move from the previous day.
Shares of Microsoft Corp. fell 1.4% in morning trade to pace the Dow Jones Industrial Average's decliners, as part of broad weakness in the technology sector. The stock's weakness had little effect on the Dow's price, however, as the price decline shaved about 11 points off the Dow, which was rallying 173 points. Separately, Amazon.com Inc. was on track to pass Microsoft as the third largest digital ad platform in the U.S., according to eMarketer data. The blue-chip barometer's other tech members were mostly lower. Apple Inc.'s stock shed 1% to be the second-biggest loser, Cisco Systems Inc. shares slipped 0.5% and Intel Corp.'s stock eased 0.1%. The SPDR Technology Select Sector ETF slumped 0.7%, as 59 of 77 equity components declined.
Shares of cybersecurity company Symantec (SYMC) rose 4.3% on September 18. Symantec shares have fallen 26% in 2018. At that time, Symantec revealed that it was launching an internal investigation into concerns raised by a former employee.
The Zacks Analyst Blog Highlights: Apple, Fitbit, Cisco Systems, Qualcomm and Micron Technology
Multinational corporations are taking steps to more quickly detect and report data breaches, in part to avoid steep penalties under a sweeping set of regulations from the European Union. The General Data Protection Regulation, which took effect in May, requires firms that collect data about European Union citizens to report a data breach to regulators within 72 hours of discovery.
Likewise, Appaloosa Management’s David Tepper isn’t necessarily wrong to continue plowing into an ever-bigger stake in Micron stock. The world’s computers, servers and mobile devices need more and more memory, and Micron is the creme of the crop of the DRAM market. Certainly there will come a time when Micron stock bounces back from what’s become more than a 30% setback from its late-May peak.
On September 12, IBM was trading at a forward PCF (price-to-cash-flow) multiple of 7.67x, which is a discount of 7.3% to its trailing 12-month PCF multiple. In contrast, Microsoft (MSFT), Oracle (ORCL), and Cisco (CSCO) had forward PCF multiples of 17.26x, 11.95x, and 13.75x, respectively. The higher cash flow has made the PCF multiple lower.
Tech stocks have been reeling under pressure for quite some time, particularly those that have significant exposure to China and generate substantial portion of their revenues from that country.
The router and switch king is guiding for solid growth and sitting on a mountain of cash, but its stock price is up more than 50% in the last year. Is it too late for investors to get in on this mature tech company?
As a teenager in Pueblo, Colo., Mr. Diaz faced a choice: earn his college degree by studying telecommunications with the U.S. Navy or by becoming a jet engine mechanic for the U.S. Air Force—his “Coke-bottle glasses” disqualified him from his dream of piloting fighter jets. Stints at Intelligent Electronics and Silicon Graphics in the late 1990s led to another decision in 2000: become CIO of a startup or join Cisco as a senior manager to redesign the whole web architecture. At the urging of his wife, Gema, whose energy he credits as a source of inspiration throughout their marriage, he picked Cisco and its established reputation.
Cisco (CSCO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The pace of technology is breathtaking. Just some of the trends include cloud computing, AI (Artificial Intelligence), machine learning and the IoT (Internet of Things). So for investors, there are many opportunities.
Apple (AAPL) has expressed concerns to a US trade representative after President Donald Trump’s decision to impose a 25% duty on $200 billion worth of imported Chinese goods. Apple stated that following the implementation of the tariffs, its products—such as its Apple Watch, AirPods, and HomePod—would be more expensive to purchase. Apple’s letter stated, “Our concern with these tariffs is that the U.S. will be hardest hit, and that will result in lower U.S. growth and competitiveness and higher prices for U.S. consumers.
On September 6, Palo Alto Networks (PANW) reported better-than-expected fiscal Q4 2018 results and forecasted that the current quarter results will come in above estimates. What makes Palo Alto Networks leaders optimistic? First, Palo Alto Networks made leadership changes recently, where former Google executive Nikesh Arora was brought in as chief executive officer in June.
The US (IVV)(QQQ) employment data for August was released on September 7. After disappointing in July, the job additions in August rebounded to 201,000 compared to economists’ expectations of 191,000 and last month’s additions of 147,000.
Collectively, 32 large tech companies surveyed for the report spent $500 million on philanthropy in 2017. But only 5 percent of that was donated to programs closing the gender gap in tech and less than 1 percent focused on women of color.
Barrick Gold Corp will eliminate the executive role of Chief Innovation Officer as part of a broad decentralization push, the company said on Wednesday, adding that it will continue to work on innovation and productivity improvements. Barrick did not officially announce the change, which follows work by CIO Michelle Ash to establish systems that support innovation work at the mine site, rather than the head office, a company spokesman said. "When operations are central to the innovation process, the implementation of new technologies and processes becomes faster and more successful," said Barrick spokesman Andy Lloyd.
As you probably know, the nickname for all of this is the “Internet of Things,” or IoT. Consider that there are already more than 20 billion connected devices around the globe. According to networking giant Cisco Systems (NASDAQ:CSCO), 500 billion devices are expected to be connected to the internet by 2030.
On September 4, Charter Communications (CHTR) announced that its Spectrum Mobile wireless service was available for new and existing Spectrum Internet customers across its footprint. The company soft-launched its wireless service in June. During the Bank of America Merrill Lynch Media, Communications & Entertainment Conference held on September 6, Christopher L. Winfrey, Charter’s CFO, discussed the company’s mobile business strategy.
In the latest trading session, Cisco Systems (CSCO) closed at $47.03, marking a -0.09% move from the previous day.
Cisco CEO Chuck Robbins says the U.S.' simmering trade war with China could significantly impact the San Jose-based networking giant, including potentially prompting it to pass on higher prices to its customers and cut spending in the U.S.