CSCO - Cisco Systems, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+0.32 (+0.74%)
At close: 4:00PM EST

43.84 0.00 (0.00%)
After hours: 7:35PM EST

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Previous Close43.52
Bid43.82 x 1000
Ask43.85 x 1400
Day's Range43.65 - 44.06
52 Week Range40.25 - 58.26
Avg. Volume19,292,946
Market Cap185.981B
Beta (3Y Monthly)1.20
PE Ratio (TTM)17.45
Earnings DateN/A
Forward Dividend & Yield1.40 (3.22%)
Ex-Dividend Date2019-10-03
1y Target EstN/A

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    Investors that have been actively engaged with the U.S.-China trade spat for the past several months know there aren't many certainties except that situations can turn on a dime. In other words, stocks can go from dismal days (yesterday) to excellent showings (today) rather rapidly. * The S&P 500 jumped 0.63% * The Dow Jones Industrial Average soared 0.53% * The Nasdaq Composite advanced 0.54% * Industrial conglomerate 3M (NYSE:MMM), a fairly trade-sensitive name, paced the Dow today, gaining about 1.2%On Tuesday, President Trump said a trade deal with China wasn't necessary until after the 2020 presidential election, exuding confidence he'll win a second term and that China needs a resolution much more than the U.S. That stoked speculation that both sides could proceed with punitive tariffs that would only serve to ratchet up hostilities. Wednesday brought a different, more sanguine story.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 of the Best-Performing Conglomerate Stocks of 2019 "Negotiators are getting near an agreement on the amount of tariff relief in a phase-one accord between the world's two largest economies. President Donald Trump said discussions with China are going very well, just a day after downplaying the urgency of a deal," reports Bloomberg.In other good news, U.S. oil inventories declined by more than analysts were expecting, helping Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), the two largest domestic oil companies, join the ranks of the Dow winners.No one, not even President Trump himself, knows what tomorrow will bring on the trade front, but today was the best day of December to this point as 25 of the 30 Dow members were higher in late trading. Diverting BlameAvid readers of this column know that Johnson & Johnson (NYSE:JNJ) has been in hot water for much of this year, disappointing investors along the way, due in large part to litigation risk, be it asbestos or opioid.The stock rallied 1.62% today, putting it in the upper echelon of Dow performers after JNJ said the Food and Drug Administration (FDA) was wrong when it said it found traces of asbestos in its popular baby powder."Our talc is safe and asbestos free, and these 150-plus tests, and the tests we routinely do to ensure the quality and safety of our talc-based products, are consistent with the results from renowned independent research labs over the past 40 years," said JNJ in a statement out Tuesday evening.The company did say that the previously announced recall of Lot 22318RB of Johnson's Baby Powder remains in effect. Speaking Of Healthcare…It was another solid day at the office for managed care provider UnitedHealth (NYSE:UNH) as the stock gained about 1%. An array of analysts were out today boosting price targets on UNH shares, including BMO Securities to $310, Credit Suisse to $320 and Piper Jaffray to $325. Even the average of those targets, which is just over $318, implies significant upside from the $280 area at which UNH currently resides. Careful With CiscoThere were a small amount of Dow Jones losers today, but Cisco Systems (NASDAQ:CSCO) was the worst offender in the group, shedding 0.88%. * The 7 Best Penny Stocks to Buy This old guard tech name has been tumbling for several months and with an almost 6% drop over the past month, the stock is very much in danger of turning red on the year. Bottom Line on the Dow Jones TodayTomorrow is a new day and with it comes the aforementioned potential for new headlines on the trade front, but some market observers believe President Trump's trade musings are minor blips on the radar and won't derail stocks this month."I do not believe that they will follow through with the December tariff," said Peter Boockvar, Bleakley Advisory Group's chief investment officer, said in an interview with CNBC. "If we do not have a [China trade] deal, I think they'll couch it and we're just postponing the tariffs … The administration knows how sensitive we are to the possibility of those extra tariffs particularly hitting the consumer."As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Tech Stocks You Wish You'd Bought During 2019 * 5 Under-the-Radar Marijuana Stocks With Over 100% Upside * Watch These 5 STARS Stocks as They Change the Future The post Dow Jones Today: A Trade Redemption Story appeared first on InvestorPlace.

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    (Bloomberg) -- Hewlett Packard Enterprise Co. reported sales that fell short of Wall Street estimates, signaling that corporate demand for data-center hardware remains in a slump amid slowing economic growth.Revenue dropped 9.1% to $7.22 billion, the San Jose, California-based company said Monday in a statement. It marked the fourth consecutive quarter of year-over-year sales declines. Analysts, on average, projected $7.42 billion.HPE Chief Executive Officer Antonio Neri is trying to increase sales by moving the server maker to a subscription business model. By 2022, all HPE hardware and software will be available as a service or via a pay-per-use model. The company recently bought Cray Inc. to bolster its position in the supercomputer market. HPE has cut expenses, including the size of its workforce, as part of a restructuring meant to modernize the company and boost its profit margin.Like other makers of servers and storage hardware, HPE has been contending with slowing economic growth and geopolitical tensions around the globe, which generally make businesses more cautious about buying new hardware. Cisco Systems Inc. said this month that customers had slowed down or reduced new purchases due to business uncertainty.HPE generates about two-thirds of its quarterly revenue from overseas sales.“Global trade tension is causing uncertainty, which results in longer sales cycles,” Neri said in an interview. He also pointed to other geopolitical factors causing some clients to pause orders.“We have put the focus on particular areas where we want to grow faster,” Neri said, citing businesses including high-performance computing and the company’s GreenLake hybrid cloud-computing product that lets customers pay for services based on how much they use. “That’s why we’re confident. We have a better portfolio and we have better coverage even though we see weakness in the market.”HPE shares declined about 4% in extended trading after closing at $17.45 in New York. The stock has increased 32% this year.“Hewlett Packard Enterprise’s sales growth will likely remain anemic for fiscal 1H amid seasonal weakness and pressured corporate capital spending,” Anand Srinivasan, a Bloomberg Intelligence analyst, said in a note before the results were released.Server sales dropped 13% to $3.23 billion and storage hardware revenue fell 12% to $848 million in the quarter ended Oct. 31.Neri reiterated his pledge that the company will deliver 1% to 3% sales growth in the next three years.HPE posted fiscal fourth-quarter net income of $480 million, or 36 cents a share, from a loss of $757 million, or 53 cents. Profit, excluding some items, was 49 cents a share. Analysts projected 46 cents.Adjusted profit will be 42 cents to 46 cents per share in the current period. Analysts on average expected 43 cents, according to data compiled by Bloomberg. The company also affirmed its recently issued fiscal 2020 outlook of $1.78 to $1.94 per share.(Updates with comments from CEO in the sixth paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at, Andrew Pollack, Anne VanderMeyFor more articles like this, please visit us at©2019 Bloomberg L.P.

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    I can see why investors would be tempted to buy the dip in Nokia (NYSE:NOK). The sell-off since a disastrous third-quarter report has brought valuation back in line. The 5G tailwind that attracted investors to Nokia stock still exists. Yes, the news in the Q3 release was disappointing -- but a lower price, in theory, could offset some of that disappointment.Source: RistoH / That said, the case on paper has a very big problem in practice. Nokia stock simply can't be trusted at this point.The 5G tailwind was supposed to benefit results this year and next -- not in 2021, as is now hoped. Market share is eroding. On paper, NOK stock does look cheap -- but looking at the actual business, it seems increasingly clear that it should be.InvestorPlace - Stock Market News, Stock Advice & Trading Tips 5G and Nokia StockThe Q3 earnings report unquestionably was disappointing. NOK stock fell nearly 24%, its largest loss in 19 years. Interestingly, the quarter itself came in ahead of analyst estimates. But it was guidance that led to the enormous sell-off. * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities Heading into the quarter, Nokia had guided for 2019 adjusted earnings per share of €0.25-€0.29, which was then set to grow sharply to €0.37-€0.42 in 2020. The outlook for both years was slashed after Q3.For 2019, Nokia now sees adjusted EPS of €0.18-€0.24. That's actually not that big a decline from original expectations for this year, particularly given that Nokia already had said after the second quarter that there were risks to meeting 2019 guidance. But in 2020, Nokia now sees adjusted EPS of just €0.20-€0.30. Adjusted operating margins are now expected at 8-11%, against a prior 12-16%.The culprit was the company's networks business and particularly its 5G portfolio. Those products were supposed to drive the growth and margin expansion Nokia projected, but that's no longer the case. Nokia clearly is losing market share to Scandinavian rival Ericsson (NASDAQ:ERIC) as both companies try to take advantage of the political pressure being applied to Chinese rival Huawei.As a result, Nokia is spending behind the business to try and lower prices and better compete with Ericsson, in particular. That rival has opted to lower upfront pricing in hopes of making up the profit through higher-margin service contracts. Nokia apparently has to match that pricing -- but that's not the only issue here. Management and Execution ProblemsI've long been skeptical of the turnaround case for Nokia stock for two core reasons. As I detailed earlier this year, this is a company with a long history of overpromising and underdelivering.Last month's news is just the latest in a long history of disappointments. And in that context, it's hard to trust the new guidance going forward. Why is this time different?Certainly, management isn't inspiring any confidence at this point. CEO Rajeev Suri told Bloomberg in an interview that part of his company's problem was that its acquisition of Alcatel-Lucent created "more work," as the company had to migrate all of the legacy Alcatel-Lucent products to the Nokia nameplate. But that acquisition was completed three years ago, and certainly, Suri was aware of that issue when the company reiterated guidance in August.This simply doesn't seem like a management team on top of its business. It's losing to Ericsson. It was just six months ago that Nokia was talking up the fact that it hadn't lost a single 4G customer in the transition to 5G, and now it's overhauling its go-to-market strategy. As Will Healy noted on this site, the company reportedly is losing Telecom Italia, with that customer going with Huawei and Ericsson.From a broad standpoint, there's another question. If Nokia can't drive growth now, when can it? Huawei has been hampered, if not crippled, by security concerns. There's really no other competitor besides Ericsson. And yet Nokia isn't expecting much in the way of growth, even if guidance is met this time around. Cheap Isn't Enough for Nokia StockTo be sure, NOK stock is cheap. The midpoint of updated 2020 EPS guidance, €0.25, translates to $0.277. That, in turn, suggests just a 12x forward multiple.And so, again, there's an aspect of Nokia stock that is tempting. The dividend has been cut to fund 5G investments, but management expects the payout to return at some point. 5G growth should continue. Huawei's competitive positioning is at long-term risk.But that's not enough -- and it's not as if other networking plays don't have bull cases themselves. Industry leader Cisco Systems (NASDAQ:CSCO) has sold off. Arista Networks (NYSE:ANET) plunged after earnings, and has its own "buy the dip" case. Juniper Networks (NYSE:JNPR) has shown long-awaited signs of life. Investors willing to step in to the sector have options beyond NOK stock.The biggest issue here, however, is company-specific. Yes, Nokia has an opportunity for growth. But it also has a stock price at a six-year low because it hasn't capitalized on past opportunities. It's exceedingly difficult coming out of the Q3 release to believe that this time is different.That's why the NOK stock price fell 24% after earnings. It's why it's kept falling. Investors don't trust Nokia, or Nokia stock. It's difficult to blame them.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities * 7 High-Yield ETFs to Buy Now * 4 Dow Jones Industrial Average Stocks to Sell The post If You Own Nokia Stock, Prepare for More of the Same Disappointments appeared first on InvestorPlace.

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