CSCO - Cisco Systems, Inc.

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
47.83
+0.97 (+2.07%)
At close: 4:00PM EDT
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Intermediate-term KST

Intermediate-term KST

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close46.86
Open47.27
Bid47.91 x 800
Ask47.90 x 1400
Day's Range47.20 - 48.29
52 Week Range32.40 - 58.26
Volume22,590,653
Avg. Volume29,750,871
Market Cap201.953B
Beta (5Y Monthly)0.96
PE Ratio (TTM)18.97
EPS (TTM)2.52
Earnings DateAug 12, 2020
Forward Dividend & Yield1.44 (3.07%)
Ex-Dividend DateApr 02, 2020
1y Target Est48.43
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-18% Est. Return
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  • Thomson Reuters StreetEvents

    Edited Transcript of CSCO earnings conference call or presentation 12-Feb-20 9:30pm GMT

    Q2 2020 Cisco Systems Inc Earnings Call

  • Financial Times

    Eric Yuan, a tech boss riding a geopolitical storm

    As the founder and chief executive officer of Zoom, the app that has become synonymous with video conferencing for the socially-distanced multitudes, Mr Yuan has enjoyed what can only be described as an embarrassment of riches. This week, the value of his personal stake in the company he founded nine years ago rose above $10bn for the first time, vaulting him into the rarefied ranks of Silicon Valley’s deca-billionaires. On a conference with Wall Street this week to announce his company’s latest earnings, the 50-year-old forgot to un-mute himself, leading to the kind of pantomime that has been played out on screens around the world during the crisis.

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  • Zoom Transforms Hype Into Huge Jump in Sales, Customers
    Bloomberg

    Zoom Transforms Hype Into Huge Jump in Sales, Customers

    (Bloomberg) -- Zoom Video Communications Inc. demonstrated that paying customers have flocked to its virtual-meeting software, transforming the once-niche appmaker into a popular communications service and positioning it to benefit as the nature of work, school and life is upended.Zoom reported sales soared in the three months ended April 30, when the coronavirus pandemic spurred a wave of stay-at-home orders for millions of people worldwide. The company expects the trend to continue the rest of the year, and projected that revenue and profit will leapfrog investors’ earlier expectations.“A shift in work culture triggered by the Covid-19 pandemic urges corporations to pull forward adoption of cloud-based video-conferencing tools,” Boyoung Kim, an analyst at Bloomberg Intelligence, wrote Tuesday in a note. Zoom’s “intuitive technology and strong brand recognition should help the company pick up market share in video conferencing, outpacing the industry.”Sales in the current quarter will be as much as $500 million, the San Jose, California-based company said Tuesday in a statement. Revenue in the third and fourth fiscal quarters should be consistent with that performance, Chief Financial Officer Kelly Steckelberg said during a conference call. Overall, Zoom expects to generate as much as $1.8 billion this fiscal year, which is almost triple the size of the business last year. Analysts, on average, estimated $930.8 million, according to data compiled by Bloomberg.Zoom’s shares jumped 6.6% to $221.80 at 11:44 a.m. Wednesday in New York after closing at a record $208.08 on Tuesday. The stock has tripled this year.Chief Executive Officer Eric Yuan has tried to ensure that his virtual-meeting platform can cope with a swell of demand from people staying home to curtail the spread of Covid-19. While security and privacy issues plagued the system early in the quarantine, Zoom has become an essential service, attracting more than 300 million participants some days, up from 10 million in December. The software maker allows gatherings of as long as 40 minutes for no charge. While Zoom has attracted more buzz than corporate rivals, the results Tuesday suggested it can attract the paying clients needed to compete against services from Microsoft Corp., Cisco Systems Inc. and Alphabet Inc.’s Google.The software maker said its potential market has expanded beyond an estimate of $43 billion by 2022 made by analyst IDC, according to a 2019 regulatory filing. And executives said they have expanded hiring plans to take advantage of the opportunity. While Steckelberg warned that the lifting of stay-at-home orders may cause fewer people to use Zoom’s software, the company said it hadn’t seen the numbers decline yet in areas that have reopened.Many educational institutions that teach through Zoom have decided to host virtual classes through at least the fall, pointing to robust demand for the app through the rest of the year. To continue growing at a torrid pace, Zoom will sell its Phone software and Rooms hardware products to existing customers, Steckelberg added. Yuan vowed not to rely on advertising to make money from its legions of free users.In the fiscal first quarter, revenue increased about 170% to $328.2 million. Analysts, on average, expected $203 million, according to data compiled by Bloomberg. Profit, excluding some items, was 20 cents a share, compared with analysts’ average projection of 9 cents.The company said its expects adjusted profit in the fiscal year will be $355 million to $380 million, or $1.21 to $1.29 a share. Analysts had estimated 46 cents, just more than Zoom’s earlier forecast. The company has been spending to bolster its network capacity, including by buying cloud-computing services from Oracle Corp. during the pandemic. Zoom also continues to use Amazon.com Inc.’s cloud service, which provided the majority of the new capacity.Zoom’s daily meeting participants have dipped a bit below the blockbuster 300 million figure revealed in April, but Steckelberg said the company expects to consistently surpass that milestone in the future.The company said it ended the quarter with about 265,400 customers with more than 10 employees, a more than fourfold increase from the same period a year earlier. The company now has 769 corporate clients that have spent more than $100,000 on Zoom’s products over the last 12 months, about double from a year earlier.With Zoom’s popularity has come controversy over the company’s security practices. Trolls have invaded myriad meetings, religious gatherings and other events, to share pornography and shout profanity or racial epithets, in a phenomenon known as “Zoombombing.” The company highlighted or created a raft of tools users can employ to prevent the virtual attacks, including passwords and waiting rooms.There also were instances when Zoom calls were routed through servers in China even when no participant was based there and users were unwittingly sending metadata to Facebook Inc. when they signed in. Zoom put an end to both practices. The company pledged to commit to bolstering privacy over all other concerns for three months, purchasing a secure-messaging company, Keybase, to bring the highest standard of encryption to the platform, and hiring cybersecurity experts to guide safety efforts.Corporate clients will get access to Zoom’s end-to-end encryption service now being developed, but Yuan said free users won’t enjoy that level of privacy, which makes it impossible for third parties to decipher communications.“Free users for sure we don’t want to give that because we also want to work together with FBI, with local law enforcement in case some people use Zoom for a bad purpose,” Yuan said on the call.(Updates with shares in the fifth paragraph.)For 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.

  • Cybersecurity Stocks To Watch As Coronavirus Speeds Up Shift To Cloud
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  • MarketWatch

    Dow flat despite losses for shares of Pfizer, Cisco

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  • Bloomberg

    FCC Chief Takes On the Pentagon...and DOT, and NOAA, and Energy

    (Bloomberg) -- In his quest to expand U.S. mobile broadband capacity, Federal Communications Commission Chairman Ajit Pai hasn’t been afraid to anger colleagues in government.He’s taken on the Pentagon, the National Oceanic and Atmospheric Administration as well as the departments of Transportation and Energy. Those agencies have warned that his plans to reallocate spectrum could endanger national security, harm weather forecasts, loosen control of the electrical grid and degrade vehicle safety.So far, Pai has prevailed.“Pai is willing to get himself on the hot seat,” said Doug Brake, telecom policy director for the Information Technology and Innovation Foundation, a Washington-based policy group that works to accelerate innovation.The fights are worth billions of dollars as industries jockey for rights to airwaves, riding a boom in usage for such things as online shopping, streaming television and social media. Appetite for gadgets and the airwaves on which to run them is only growing: the U.S. will have 1.2 billion mobile connected devices by 2023, up from 560 million in 2018, according to a forecast by Cisco Systems Inc.Pai’s independence may be tested in coming months as President Donald Trump has ordered the FCC to draw up regulations to keep social media companies such as Twitter Inc. from censoring political speech.“This debate is an important one,” Pai said in a statement. “The Federal Communications Commission will carefully review any petition for rulemaking filed by the Department of Commerce.”Pai, whose office didn’t reply to requests for comment, has an insiders’ profile that doesn’t suggest a penchant for inter-agency skirmishing. He is a former FCC commissioner, agency staff lawyer and U.S. Senate aide, and before that an attorney for Verizon Communications Inc. President Donald Trump elevated him three years ago to chairman of the commission, which was created in 1934 to keep radio signals straight and now doing the same with wireless broadband.Pai, 47, presents a whimsical public face for an agency steeped in arcane technical policy making. He spices his remarks with pop-culture references, citing the TV sitcom “The Office” and the film “The Big Lebowski.” His Twitter feed branches from telecom policy into philosophy, architecture and sports teams from Kansas City, not far from his childhood home in Parsons, Kansas.As chairman, he has made priorities of pruning regulations and pushing for more mobile broadband to feed the nation’s insatiable appetite. With backing from the agency’s Republican majority, he’s compiled a series of victories for the wireless industry -- and at times setbacks for older uses of airwaves.NOAA, for example, said the FCC’s push to reallocate some spectrum would set back satellite-assisted weather forecasting decades. The Transportation Department warned about road safety when a patch of airwaves set aside for driverless cars was reassigned. The Energy Department opposed taking spectrum used by the power companies.Perhaps most memorably, the Defense Department raised alarms about the FCC’s April 20 approval of a mobile broadband network, saying the service will interfere with military and civilian GPS.Wins and losses are closely linked in airwaves policy because of the nature of spectrum -- the invisible electromagnetic waves that carry communications. Each slice of airwaves can carry one use; a second use on the same frequencies threatens interference, just as a shouted conversation in a room can drown out a quiet chat.To avoid conflicts, regulators including the FCC put different services on separate airwaves. Antennas listen for the chatter on their assigned channels, and don’t pick up signals at higher and lower frequencies, which in turn are left to other users.Assignments, including some set decades ago, have come under question as the mobile broadband revolution deepens, bringing fresh demand for airwaves to handle booming wireless traffic. Old services are being forced to move to different airwaves or share their frequencies with new arrivals.Pai’s FCC has worked to set up frequencies for more Wi-Fi and the high-speed gadgetry that will combine to form the 5G revolution of fast, ubiquitous wireless connections -- a priority for the White House and big tech and telephone companies. The changeover promises such wonders as remote surgery, autonomous cars, rich virtual reality video feeds, and factories humming with connected equipment.Pai takes credit for rearranging a dozen swaths of spectrum. The amount of airwaves affected is more those used by all U.S. mobile broadband providers, Pai said in a video posted on the agency website last year.Friction is inevitable as broadband and other wireless technologies vie for space in the crowded tableau of airwaves swaths, known as bands.“Finding new bands or new opportunities to reallocate for new purposes is more difficult than ever before,” said FCC Commissioner Michael O’Rielly, a Republican. “There’s no greenfields to pick from. And so finding new spectrum for a new purpose means reallocating someone who already exists there.”To others, the FCC’s airwaves fights show lax management by the Trump administration, leaving cabinet officers to push their own airwaves priorities.“This is a result of running the administration as if it were an episode of ‘The Apprentice,’” said Harold Feld, senior vice president with the policy group Public Knowledge. “The federal agencies have just stopped cooperating.”Space Force Commander General John Raymond said in a May 6 congressional hearing that Ligado Networks LLC’s plans for a mobile broadband network would interfere with GPS receivers, which rely on faint signals from satellites, and harm training.The FCC shot back that it wouldn’t be moved by “baseless fear mongering.”In a May 26 letter to Representative Adam Smith, chairman of the Armed Services Committee, Pai defended the Ligado decision, saying it “included strict conditions to ensure that GPS operations continue to be protected from harmful interference.”In a teleconference with lawmakers on May 19, Pai said “America needs to lead in 5G and that requires us to think creatively about a variety of different spectrum bands.”Changes keep coming. The FCC in April voted to allow Wi-Fi on the 6 gigahertz airwaves, despite an expression of concern from the Energy Department. Utilities said the change risks interference to electric, water, and gas transmission and distribution systems. Chipmaker Broadcom Inc. called the action “momentous” and “a definitive moment in U.S. wireless history.”Airwaves AuctionMobile providers will get more opportunities in an auction slated to begin in July. Another, potentially larger airwaves sale is to begin Dec. 8 as the FCC offers a wide swath of prime airwaves now used by satellite providers such as Intelsat SA and SES SA. The satellite providers will move aside, keeping enough frequencies to serve current customers; new users will offer mobile broadband.Bidders may include largest U.S. providers Verizon, AT&T Inc. and T-Mobile US Inc., who all snapped up airwaves in earlier FCC auctions.“It isn’t easy to get the government to move quickly on anything,” Meredith Attwell Baker, president of CTIA, a wireless industry trade group with members including AT&T and Verizon, said in an email. Pai “deserves tremendous credit for making sure wireless providers have the spectrum they need to meet our nation’s 5G ambitions.”Not easy, and not without turmoil. The debate with NOAA concerned power levels for an airwaves swath that Verizon won in an FCC auction. The disagreement persisted for much of 2019 before agencies, working with the State Department, arrived at a unified position. The result was a lower power level than the FCC wanted, and more than NOAA preferred.Bipartisan leaders of both the House Science Committee and the Commerce Committee have asked the Government Accountability Office to probe how the NTIA and other federal agencies interact to resolve spectrum disputes.“‪Under the Trump administration, spectrum coordination efforts have repeatedly failed,” Democratic Representative Frank Pallone, of New Jersey, the Commerce Committee chairman, said in an email.Representative Greg Walden, of Oregon, the Commerce Committee’s top Republican, in an email said that “not everyone will be satisfied all of the time” as spectrum allocations are made.Others see confusion.“In this administration, instead of having everyone pull in the same direction, we have disputes that are pulling us apart,” said Commissioner Jessica Rosenworcel, the agency’s senior Democrat.For 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.

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    US Indexes Close Mostly Higher on the Last Trading Day of May

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  • MarketWatch

    Dow up 31 points on gains in shares of Intel, Cisco

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  • Dow Jones Slumps as Cisco Acquires a Cloud Company, Home Depot Stock Moves Closer to 52-Week High
    Motley Fool

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  • Cisco (CSCO) to Buy ThousandEyes to Boost Software Offerings
    Zacks

    Cisco (CSCO) to Buy ThousandEyes to Boost Software Offerings

    Cisco's (CSCO) acquisition of ThousandEyes is expected to aid it boost customer experience with enhanced visibility into application performance, and strengthen software and services portfolio.

  • Cisco Live 2020--Here's everything you need to know
    PR Newswire

    Cisco Live 2020--Here's everything you need to know

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    Motley Fool

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    Investor's Business Daily

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  • Cisco to acquire internet monitoring solution ThousandEyes
    TechCrunch

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