|Bid||43.16 x 900|
|Ask||43.17 x 800|
|Day's Range||43.11 - 43.57|
|52 Week Range||30.36 - 46.37|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.32 (3.05%)|
|1y Target Est||N/A|
Cisco Systems (CSCO) reported its fiscal third-quarter numbers on May 16. While the company beat earnings and revenue estimates, tepid guidance led its stock to fall 4.3% in after-hours trading on Wednesday.
The key stock indexes dipped for the week as Walmart, Cisco, Applied Materials earnings disappointed. Small caps and crude oil rallied. Macy's soared, but not its rivals.
The U.S. Supreme Court last week effectively ended the ban on sports betting, and it’s about time. Inverse-volatility ETFs, which blew up spectacularly when volatility unexpectedly spiked in February, are examples of derivatives, which Pope Francis criticized last week.
Cisco Systems’ (CSCO) application business segment revenue rose 19% YoY (year-over-year) to $1.3 billion in the quarter ended in April. This business accounts for 10.5% of total revenue for Cisco and was Cisco’s fastest-growing business in the third quarter. Cisco Systems’ Applications business includes revenues from its collaboration vertical as well as analytics and IoT (Internet of Things).
U.S. stock markets ended lower on Thursday after President Donald Trump expressed doubts about the possibility of successful trade negotiations with China
Nokia (NOK) has high expectations for SpaceTime Insight, although it didn’t reveal what it paid to acquire the business. SpaceTime Insight is expected to be part of the Nokia Software business group, which offers a range of software solutions in areas including customer experience management, IoT (Internet of Things), and collaboration.
Cisco Systems’ (CSCO) security business segment revenue rose 11% YoY (year-over-year) to $583 million in April. This business accounts for 4.7% of total revenue for Cisco and is one of the firm’s high growth businesses. Cisco has made security a feature in all of its products and services.
The Dow Jones Industrial Average fell Thursday as investors seemed unfazed by upbeat earnings and more concerned with renewed trade tensions that could disrupt the global economic upswing that has fueled the stock-market rally. Walmart and Cisco Systems led the blue-chip index lower, despite reporting strong quarterly earnings. “President Trump’s comments today have contributed to a continued lack of clarity on trade,” said Emily Roland, head of capital markets research at John Hancock Investments.
Viktor Vekselberg, the Russian oligarch at the center of a widening scandal over influence peddling by President Donald Trump 's lawyer Michael Cohen , has been banned from doing business in America under U.S. sanctions. Named for Renova Group, Vekselberg's sanctioned Russian holding company, the Renova Fort Ross Foundation was established in 2010 to preserve an unlikely historic landmark: a California state park situated along the state's wild northern coastline two hours north of San Francisco.
Cisco’s (CSCO) product revenue rose 5% in the fiscal third quarter driven by Cisco’s diversified portfolio of solutions, while its infrastructure platform revenue rose 2%. In the infrastructure business segment, the routing revenue fell due to weakness in the service provider division, while switching revenue rose driven by strength in the data center and campus division.
Wall Street ended a choppy trading session lower on Thursday, as investors grappled with escalating trade tensions and rising oil prices. Comments by U.S. President Donald Trump that China "has become very spoiled on trade," cast doubt on his efforts to avoid a tariff war between the world's two largest economies, increasing investor jitters at the outset of a second round of high-level negotiations. "I think this trade mess is certainly affecting the mood," said Jim Bell, president chief investment officer Bell Investment Advisors in Oakland, California.
Stocks that moved substantially or traded heavily on Thursday: Cisco Systems Inc., down $1.70 to $43.46 The seller of switches, routers and software's results met expectations, but analysts worried about ...
Investors in Cisco Systems may fret about Thursday's sell-off after in-line July quarter guidance disappointed but they can take some solace in the company's $25 billion stock buyback.
Kevin Kelly, managing partner at Benchmark, discusses the Consumer Staples Select SPDR and his options trade for Cisco Systems with Julie Hyman on "Bloomberg Markets." (Source: Bloomberg)
Credit Suisse Group analyst Sami Badri has lowered his estimated M&A budget from about $15 billion to about $10 billion over the next two years after the networking titan reported earnings on Wednesday, May 16, after the market close, saying in his research note that the debt payments were unexpected. Shares of Cisco fell almost 4% on Thursday following the report. During its third fiscal quarter ending in April, the San Jose, Calif.-based networking company repatriated $67 billion in overseas cash, using $6 billion to pay down its short-term debt, and $5.3 billion to pay down its long-term debt.
The major stock indexes closed modestly lower Thursday, but the dull session masked continued strength in small caps.
Laggards on the Dow included Walmart Inc. Stocks fell on Thursday, May 17, amid a sustained rise in crude oil prices, and as Cisco Systems Inc. Investors were also focused on Thursday's trade summit in Washington, led by China Vice Premier Liu He and U.S. Treasury Secretary Steve Mnuchin, with the two sides aiming to come to an agreement that would prevent the imposition of U.S. tariffs on around $150 billion in China-made goods.
May.17 -- Kevin Kelly, managing partner at Benchmark, discusses the Consumer Staples Select SPDR and his options trade for Cisco Systems with Julie Hyman on "Bloomberg Markets."