CSCO - Cisco Systems, Inc.
| Previous Close | 46.97 |
| Open | 46.82 |
| Bid | 46.60 x 27000 |
| Ask | 46.89 x 1200 |
| Day's Range | 46.29 - 46.84 |
| 52 Week Range | 43.40 - 58.26 |
| Volume | 18,550,358 |
| Avg. Volume | 19,565,800 |
| Market Cap | 196.048B |
| Beta (5Y Monthly) | 1.17 |
| PE Ratio (TTM) | 18.17 |
| EPS (TTM) | 2.56 |
| Earnings Date | May 12, 2020 - May 17, 2020 |
| Forward Dividend & Yield | 1.44 (3.09%) |
| Ex-Dividend Date | Apr 01, 2020 |
| 1y Target Est | 52.50 |
- American City Business Journals
Fortune's picks for best companies to work for include these 14 Bay Area businesses
The 14 big Bay Area companies that ranked among Fortune's best places to work included at least two that boasted of having a workforce of either more than 50 percent women or minorities.
- TheStreet.com
Apple and Alibaba's Coronavirus Warnings Will Probably Be Followed by Others
A wide variety of tech companies are likely to see their March-quarter sales hurt by the coronavirus outbreak's impact on Chinese demand and/or manufacturing.
- Barrons.com
Coronavirus Is Disrupting Tech Conferences Across the Globe. What to Know.
Big technology trade shows are facing the difficult decision of whether to cancel or not because of the coronavirus outbreak.
- Benzinga
Cisco Stock Slightly Drops As Earnings Barely Edge Over Estimates
Cisco Systems, Inc. (NASDAQ: CSCO) reported its second fiscal quarter earnings with results slightly edging Wall Street estimates but offering weak guidance. Although Cisco's stock has gained 5% during the last 12 months, that is still significantly lower than the 22% gain of the S&P 500.
- Zacks
The Zacks Analyst Blog Highlights: NVIDIA, Cisco, Amazon, Facebook and Microsoft
The Zacks Analyst Blog Highlights: NVIDIA, Cisco, Amazon, Facebook and Microsoft
- PR Newswire
New Cisco Annual Internet Report Forecasts 5G to Support More Than 10% of Global Mobile Connections by 2023
News Summary: By 2023:
ReutersGRAPHIC- 20 years after dot-com peak, tech dominance keeps investors on edge
SAN FRANCISCO/NEW YORK, Feb 18 (Reuters) - As Wall Street approaches the 20th anniversary of the piercing of the dot-com bubble, today's decade-old rally led by a few small players shows some similarities that cautious investors are keeping an eye on. March 11, 2000 marked the beginning of a crash of overly-inflated stocks that would last over two years, lead to the failure of investor favorites including Worldcom and Pets.com and take over 13 years for Wall Street to recover from. Now, after hitting a record high on Feb. 13, the Nasdaq has reached over 9,700 points, almost double its high point in 2000 and about eight times the level of its trough in 2002.
- Barrons.com
Cisco, T. Rowe Price, and MGM Resorts Raised Dividends
In addition, PepsiCo Chief Financial Officer Hugh F. Johnston told analysts during an earnings call on Feb. 13 that he expects the company’s dividend to increase 7% on an annualized basis.
- MarketWatch
IBM, Caterpillar share losses contribute to Dow's 75-point fall
DOW UPDATE Shares of IBM and Caterpillar are trading lower Friday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of IBM (IBM) and Caterpillar (CAT) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 75 points lower (-0.
- Zacks
Tech Daily: NVIDIA & Intel Earnings, JEDI Stay Order, Facebook App, More
Earnings reports from NVIDIA and Cisco, a stay order on the JEDI contract, Facebook's app to compete with Pinterest and other stories are covered in this daily.
ReutersFacebook cancels San Francisco summit on coronavirus fears
Facebook Inc said on Friday it had canceled its global marketing summit scheduled for next month in San Francisco due to coronavirus-related risks. "Out of an abundance of caution, we canceled our global marketing summit due to evolving public health risks related to coronavirus," a company spokesman said. Earlier this week, Mobile World Congress (MWC), the annual telecoms industry gathering in Barcelona, was canceled after a mass exodus by exhibitors on coronavirus fears.
- Barrons.com
Stocks Are Sliding, Cisco Is Slumping, and Bloom Energy Is Getting Hit. What You Need to Know.
More coronavirus cases reported in China has roiled global stock markets. Gold is higher, travel shares are falling. Cisco Systems and NetApp shares are moving on earnings news.
- Financial Times
Silicon Valley eyes next big thing rather than taking on Huawei
If Washington thinks US tech companies are about to jump at the idea of building a new national champion in the 5G mobile communications business, it probably needs to think again. The idea was pitched last week by William Barr, attorney-general, as an antidote to what the White House has come to see as its Huawei problem: that allowing a Chinese-owned company to dominate the mobile communications infrastructure market will present an unacceptable national security risk. Among the most natural companies to lead such a push would be Cisco Systems, the leading maker of data networking gear.
- Bloomberg
Huawei Hit With Racketeering Charge in Expanding U.S. Case
(Bloomberg) -- The U.S. raised the stakes in its battle with Huawei Technologies Co., using a law historically associated with prosecuting mafia figures to claim the Chinese company engaged in decades of intellectual property theft.Huawei, the world’s largest maker of telecommunications equipment, and Chief Financial Officer Meng Wanzhou had already faced criminal charges. The fresh allegations, announced Thursday, up the ante by including racketeering conspiracy, increasing the potential punishment. They come as the global battle for supremacy in fifth-generation wireless technology, or 5G, is joined.Huawei broke the law “to drastically cut its research and development costs and associated delays, giving the company a significant and unfair competitive advantage,” the Justice Department said in a statement. The company even launched a bonus program to reward employees who got their hands on confidential information from competitors, prosecutors said.The new charges depict a company that won international standing by stealing trade secrets, evading U.S sanctions and lying to authorities. They are likely to increase tensions between Beijing and Washington, which has accused Huawei of spying for the Chinese government, even as Huawei won a brief reprieve from a proposed ban on buying parts.The indictment doesn’t name the businesses from which Huawei allegedly stole intellectual property, but details of the allegations match descriptions of companies including Cisco Systems Inc., Motorola Inc. and Cnex Labs Inc.“The indictment paints a damning portrait of an illegitimate organization that lacks any regard for the law,” Senator Richard Burr of North Carolina, the Republican chairman of the Intelligence Committee, and Senator Mark Warner of Virginia, the panel’s Democratic vice-chairman, said in an emailed statement. “Intellectual property theft, corporate sabotage and market manipulation are part of Huawei’s core ethos and reflected in every aspect of how it conducts business.”Huawei doesn’t “abide by Western business practices,” Rob Spalding, a Washington-based technology and security expert at the Hudson Institute who served on the National Security Council, said in an email. “Which is why many U.S. companies are no longer competitive in the global marketplace.”Read More: Why 5G Mobile Arrives With a Subplot of EspionageHuawei, in turn, has accused the U.S. of orchestrating a campaign to intimidate its employees and launching cyberattacks to infiltrate its internal network. China’s Ministry of Foreign Affairs has urged the U.S to “stop unreasonably targeting Huawei and other Chinese enterprises.”The new indictment “is part of the Justice Department’s attempt to irrevocably damage Huawei’s reputation and its business for reasons related to competition rather than law enforcement,” a representative of the company said Thursday. “These new charges are without merit and are based largely on recycled civil disputes” from the last 20 years “that have been previously settled, litigated and, in some cases, rejected by federal judges and juries.”Huawei was previously accused of violating U.S. sanctions against Iran and North Korea. Meng, the CFO, was charged with fraud last year, with the case rippling into Canada, where she is currently fighting extradition to the U.S. Meng’s lawyers have argued in court that their client did nothing wrong.The U.S. said Huawei stole trade secrets, including copyrighted works, source code and user manuals for internet routers, to “grow and operate” its business. The company swiped antenna and robot testing technology, prosecutors said.Then, they said, it doubled down.“When confronted with evidence of wrongdoing, the defendants allegedly made repeated misstatements to U.S. officials, including FBI agents and representatives from the U.S. House Permanent Select Committee on Intelligence, regarding their efforts to misappropriate trade secrets,” they said.Read More: U.S. Ramps Up Huawei Fight With Iran, Trade-Secret ChargesThe U.S. dates the thefts to 2002. But the government has also linked the 2016 alleged theft of a computer chip from a California tech company for Huawei with the latest charges.Bo Mao, a Xiamen University professor, was charged in September with stealing trade secrets. His lawyers said in a court filing Thursday that the prosecution is related to the Huawei case.In the new indictment, the government is wielding some prior allegations of wrongdoing, like Huawei’s alleged theft of a phone-testing robot developed by T-Mobile US Inc., to build a more muscular case. The U.S. alleged that a Huawei engineer secretly took photos of T-Mobile’s robot, Tappy, took measurements of parts and even stole a piece of it. When T-Mobile threatened to sue, the U.S. said, Huawei blamed “rogue actors” within the company.Intellectual property theft “explains a lot of Huawei’s success,” said Jim Lewis, of the Technology Policy Program at the Center for Strategic and International Studies in Washington. “Huawei is the poster child for China’s commercial spying.”The case is U.S. v. Huawei Technologies Co., 18-cr-457, U.S. District Court, Eastern District of New York (Brooklyn).Read MoreHuawei Pleads Not Guilty to Bank Fraud Charges in New YorkU.S. Accuses Huawei of Trade-Secret Theft, Defrauding BanksProsecutors Say Government Used FISA to Watch HuaweiU.S. Charges Chinese Professor Accused of Theft to Help Huawei(Updates with Bo Mao case)\--With assistance from Bob Van Voris and Natalie Obiko Pearson.To contact the reporters on this story: Patricia Hurtado in Federal Court in Manhattan at pathurtado@bloomberg.net;Alyza Sebenius in Washington at asebenius@bloomberg.net;Todd Shields in Washington at tshields3@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Joe Schneider, Peter BlumbergFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Barrons.com
Cisco Isn’t Bidding for FireEye, Contrary to Rumors
STOCK ALERT A person close to (CSCO) plainly denied market rumors that the company is holding discussions to buy the security software provider (FEYE) FireEye stock (ticker: FEYE) spiked Thursday when the Barcelona-based newspaper OKDiario reported that (CSCO) (CSCO) was going to launch an offer for FireEye.
- Reuters
US STOCKS-Wall Street slips as coronavirus fears mount
Technology shares led all three major U.S. stock averages lower, with the blue-chip Dow suffering the largest percentage loss. Hopes that the coronavirus epidemic could be on the wane were soured by a spike in fatalities, with an additional 242 bringing China's coronavirus death toll to 1,367. "On a day like today investors just have to take it in stride," said Charlie Ripley, senior market strategist for Allianz Investment Management in Minneapolis.
- InvestorPlace
Dow Jones Today: Coronavirus Controversy Reemerges
Follow markets long enough and you're bound to hear some speculation regarding the efficacy of Chinese data. Meaning that there are plenty of folks out there that think economic numbers out of the world's second-largest economy may not always be accurate.Source: Provided by Finviz What is not up for debate, however, is that the number of new cases of the coronavirus from China spiked by 15,000 in the mainland, after the method for counting instances of the deadly respiratory illness was altered. That raises doubts, including in the White House, that China isn't being entirely forthright with just how bad the situation is there. As a result, stocks meandered Thursday, listlessly drifting between gains and losses. * The S&P 500 fell 0.16%. * The Dow Jones Industrial Average 0.43%. * The Nasdaq Composite lost 0.14%. * Cisco (NASDAQ:CSCO) was by far the worst-performing Dow name today, plunging 5.23% after revealing tepid guidance for the current quarter.Overall, these are not dramatic declines considering that it is clear the coronavirus situation is far from resolved. If anything, the scenario may be worsening in China and that presents a potential headwind for riskier assets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, with 14 Dow stocks higher in late trading, Thursday wasn't a good day nor was it alarmingly bad. Cisco ConundrumFor tech investors, Cisco just isn't the growth story it once was. Prospects for the networking gear maker partying like it's 1999 again appear grim at this point. The company served up guidance for the current quarter of earnings of 79 cents to 81 cents a share while Wall Street was expecting 80 cents. * 7 Reasons to Own Taylor Morrison Stock As I noted earlier this month, Cisco feels a lot more like an International Business Machines (NYSE:IBM) than a Microsoft (NASDAQ:MSFT).What that means is an ultra-conservative investor may like Cisco for buybacks and dividend growth, but don't expect much in the way of capital appreciation over the near-term. Speaking of MicrosoftMicrosoft was trading slightly lower at this writing after Judge Patricia E. Campbell-Smith approved Amazon's (NASDAQ:AMZN) request for a preliminary injunction on the now controversial $10 billion JEDI contract from the Pentagon.Microsoft, to the surprise of many, particularly Amazon, won that deal and the latter has consistently cried foul since then. Amazon even wants to depose President Trump on the matter.I'm not an attorney or a law professor, but granting the injunction, which halts Microsoft's JEDI work, seems to be a slippery slope. What's to stop any company that loses out on a government contract going forward from pursuing the same action and Campbell-Smith has now established precedent that could encourage sore losers to pursue legal action.There is a $42 million penalty for Amazon should the judge eventually rule the injunction was unnecessary. No, I'm not bearish on Amazon stock. Quite the contrary, but one gets the feeling between the $42 million (assuming it's paid) and legal fees, Amazon could find plenty of better ways to spend capital. Caterpillar AgainCaterpillar (NYSE:CAT) has been getting some run in this space this month and the industrial machinery maker is back again today with good reason.Goldman Sachs upgraded the Dow stock to "buy" from "neutral," while lifting its 12-month price forecast on the stock to $168 from $156. Even at $162, the mid-point of that range, that represents decent upside from today's close around $140. Bottom Line on the Dow Jones TodayTaking a break from the intraday conversation, I figured I'd pass along some interesting research I came across that's relevant to owners of Johnson & Johnson (NYSE:JNJ), UnitedHealth Group (NYSE:UNH) and the other Dow healthcare names.The long and the short of it is, State Street sees opportunity in the group despite this being a presidential election year."The current negativity towards health care sets the stage for the sector to potentially surprise to the upside, thanks to its fundamental backdrop combined with secular tailwinds," said State Street in a recent note. "Health care firms are expected to post the strongest earnings and revenue growth in 2019 of any sector, and over the past three months, analysts have been ratcheting up their 2020 earnings-per-share (EPS) estimates for the sector."As of this writing, Todd Shriber did not own any of the aforementioned securities. He has been an InvestorPlace contributor since 2014. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 20 Stocks to Buy From the Law of Accelerating Returns * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Dow Jones Today: Coronavirus Controversy Reemerges appeared first on InvestorPlace.
- MarketWatch
Stocks close lower amid rise in coronavirus outbreak
U.S. stocks retreated from records on Thursday, albeit after paring losses, following a change in China's methodology of the COVID-19. The S&P 500 fell 0.2% to end around 3,374. The Dow Jones Industrial Average shed 128 points, or 0.4%, to end near 29,423, based on preliminary numbers. The Nasdaq Composite edged 0.1% down to around 9,712. All three major equity benchmarks finished at records on Wednesday. The S&P 500 and Nasdaq snapped a three-day winning streak. Investors balanced the broadly bullish sentiment against rising uncertainty around the coronavirus that threatens to hit China's economy and spillover elsewhere. Chinese health officials changed their methodology on how they counted confirmed cases of the coronavirus, resulting in a sharp climb in the number of cases and deaths due to the disease. A growing number of companies including Alibaba are reporting a negative impact from the viral outbreak. In other corporate news, Cisco System Inc. shares fell 5.3% even after its second-quarter even after its second-quarter profit and revenue beat Wall Street expectations.
- Benzinga
Should You Buy The Dip In Cisco?
Cisco Systems, Inc. (NASDAQ: CSCO ) reported better-than-expected fiscal second-quarter results that were overshadowed by a weak outlook. As the stock trades lower, Wall Street analysts were quick to weigh ...
- MarketWatch
Cisco, Dow Inc. share losses contribute to Dow's 100-point drop
DOW UPDATE Dragged down by declines for shares of Cisco and Dow Inc., the Dow Jones Industrial Average is trading down Thursday afternoon. The Dow (DJIA) was most recently trading 102 points (0.3%) lower, as shares of Cisco (CSCO) and Dow Inc.
- Investor's Business Daily
Dow Jones Cuts Losses But Still Under Pressure As Coronavirus Cases Spike
The Dow Jones Industrial Average remained under pressure even though stocks pared steep early losses fueled by a spike in coronavirus cases.
ReutersUS STOCKS-S&P 500, Nasdaq turn positive amid mixed coronavirus news
The S&P 500 reversed its losses on Thursday as investors weighed mixed news on the coronavirus and a spate of corporate earnings. While a drop in Cisco Systems Inc shares helped keep the blue-chip Dow in the red, the S&P 500 and the Nasdaq rebounded and were both on track to eke out their fourth consecutive record closing highs.
