45.34 +0.22 (0.49%)
Pre-Market: 9:11AM EST
|Bid||45.35 x 1400|
|Ask||45.50 x 1000|
|Day's Range||45.03 - 46.00|
|52 Week Range||33.75 - 49.47|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||2,256.00|
|Forward Dividend & Yield||1.32 (2.89%)|
|1y Target Est||N/A|
Investing.com - U.S. futures pointed to a flat to lower open Wednesday, as talks between the U.S. and China failed to lift sentiment and investors looked ahead to inflation data.
Cisco Systems, Inc. ( CSCO) has been a component of the Dow Jones Industrial Average since June 8, 2009. This tech giant makes internet protocol networking products for the communications and IT industries. Before becoming a Dow stock, Cisco set its all-time high of $82.00 back in March 2000.
As of Tuesday, analysts expected Cisco to report adjusted per-share earnings of 72 cents, according to S&P Global Market Intelligence. Analysts expected Cisco to post revenue of $12.86 billion, up about 6% from a year ago. Inc. and some other tech stocks get, but the networking-gear company is on the verge of posting its fourth consecutive quarter of revenue growth after two years of declines.
Cisco (CSCO) saw its stock price slip 1.10% during regular trading hours Tuesday in a sign that investors might have cold feet about the tech power's quarterly financial results due out after the closing bell Wednesday.
stock has held up pretty well during the recent tech correction, and is up 19% on the year with the help of a summer rally that followed a strong July quarter earnings report. In addition to its sales and earnings numbers, Cisco's annual product order growth, which is shared on its earnings call, tends to be closely watched. In August, the company reported product order growth improved to 7% in the July quarter from the April quarter's 4%.
Indeed, Amazon stock has gained more than 9000% since its IPO back in 1997 beating anybody who stood in its way. Case in point: Amazon is now selling select devices made by Apple (NASDAQ:AAPL) at its shopping site. Take a closer look at some more recent headlines, however, and owners of Amazon stock may begin to wonder of the company ever says “no” to any proposed team-up.