|Bid||46.26 x 2200|
|Ask||46.25 x 900|
|Day's Range||45.65 - 45.90|
|52 Week Range||30.36 - 46.37|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 13, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||1.32 (3.01%)|
|1y Target Est||49.56|
When Cisco bought Ann Arbor, Michigan security company, Duo for a whopping $2.35 billion earlier this month, it showed the growing value of security and security startups in the view of traditional tech companies like Cisco. In yesterday's earnings report, even before the ink had dried on the Duo acquisition contract, Cisco was reporting that its security business grew 12 percent year over year to $627 million. Given those numbers, the acquisition was top of mind in CEO Chuck Robbins' comments to analysts.
Cisco Systems Inc. revenue has grown for three quarters in a row, and guidance issued Wednesday indicated that the networking giant that its return to growth may be more sustainable.
Cisco (CSCO) stock has returned 44% in the last 12 months, 9.6% in the last month, and 6.9% in the last five trading days. It rose 15% in 2016 and 31% in 2017. Since the start of 2018, it has risen 20%.
The stock of networking giant Cisco (CSCO) rose over 6% on August 15 in after-hours trading to close at $46.59. Cisco announced fiscal 2018 results yesterday and reported revenue of $12.8 billion in the fourth fiscal quarter, a rise of 6% YoY (year-over-year), while non-GAAP (generally accepted accounting principles) EPS rose 15% to $0.70.
Many of Silicon Valley's biggest tech companies pay a typical worker well into the six figures — or in the case of Facebook, a whopping $240,430. That's $43,000 more than what a typical Googler makes, according to our latest analysis.
U.S. stock futures rose on Thursday, Aug. 16, after China said it was set to resume trade talks with the United States, and Walmart Inc. topped earnings estimates and raised full-year guidance. China said it would send a delegation to Washington later this month for talks.
Comparable-store sales at Walmart U.S. stores rose 4.5 percent from a year earlier, well above the consensus estimate of 2.4 percent. JD.com JD – The China-based internet retailer missed estimates on both the top and bottom lines in its second-quarter earnings report. Investors appear to be focusing on slowing revenue growth rates, with the second quarter's 31.2 percent growth well below the peak of about 60 percent registered in 2015.
Cisco Systems Inc. shares rose in the extended session Wednesday after the networking company’s earnings and outlook topped Wall Street estimates.
shares were rising in premarket trading on Thursday, Aug. 16, after the company reported earnings of $0.70 per share on revenue of $12.84 billion. Cisco rose 6.9% to $46.89. Analysts were expecting Cisco to report earnings of $0.69 per share on an adjusted basis, on revenue of $12.77 billion, according to FactSet.
Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.