|Bid||340.00 x 0|
|Ask||0.00 x 0|
|Day's Range||328.00 - 328.00|
|52 Week Range||231.35 - 328.00|
|PE Ratio (TTM)||53.81|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When you substitute facts for anger you come away with a new understanding about the role corporations have played and could play in addressing society's challenges.
While IBM offers an impressive yield, you can get a better payout from a retail landlord, a natural gas transporter, and a shoe retailer.
NetApp (NTAP) stock has returned 73% in the last 12 months, 0.5% in the last month, and -2.7% in the last five days. NetApp stock rose 36% in 2016 and 60% in 2017. Since the start of 2018, it’s risen almost 26%.
NetApp (NTAP) has a dividend yield of 1.1% and pays a quarterly dividend of $0.20 per share, leading to an annualized payout of $0.80 per share. NetApp’s dividend payout ratio is 27.4%, and the company has increased its dividend for the last four consecutive years.
A lot of large-cap familiar names are still called “blue-chip stock” when they are nothing of the kind. If you can’t rid the term “blue-chip stock” from your lexicon, then it should at least apply to a whole new stream of companies. “Blue-chip stock” used to refer to companies that were constantly growing earnings in the high single-digits or more in terms of percentage, had a fortress balance sheet and were constantly innovating.
In the first three quarters of fiscal 2018, NetApp (NTAP) achieved revenue growth of 6% YoY (year-over-year) compared to a revenue fall of 3% in the first three quarters of fiscal 2017. Its revenue growth positively affected its operating margin, which expanded to 18.5% in the first three quarters of fiscal 2018 from 15.9% in the same period last year.
In the late 1990s, New York City partied to the tune of the internet. Cryptocurrency prices are not responding to the hype. While cryptocurrency advocates toss each other charges of complicity in scams, action has shifted decisively from tokens like bitcoin and ethereum to applications using blockchain technology.
We’ve seen that NetApp (NTAP) expects its Networked Storage vertical to fall at a CAGR (compound annual growth rate) of 4% from $37 billion in fiscal 2017 to $31 billion in fiscal 2021. However, NetApp has managed to increase its market share in this declining market via leadership in the NAS (network-attached storage) space and penetration in the SAN (storage area network) space.
Cisco repurchased shares worth $6.0 billion and paid dividends of $1.6 billion during the quarter. Cisco’s dividend per share rose to $0.33 in the third quarter, indicating an annualized payout of $1.32, a rise of 14% YoY (year-over-year) compared to dividends of $0.29 in the second quarter. Cisco has a dividend yield of 2.9%, and the firm has increased dividend yields for the last seven years.
KeyBanc Capital Markets is increasingly positive on blockchain following a recent investor events and projects the services market will grow to $11 billion by 2022. The consulting firm has partnered with several companies including Anheuser Busch Inbev (NYSE: BUD) and Kuehne + Nagel to transition the entire documentation process to entirely blockchain-driven solutions, the analyst said.
In December of 2017, the company’s POWER9 platforms hit the market with a focus on Artificial Intelligence (AI). At last week’s Red Hat summit, IBM and Red Hat announced a partnership to extend IBM Cloud to Red Hat's OpenShift Container Platform and Certified Containers. My firm’s Principal Analyst, Patrick Moorhead, wrote about the POWER9 CPU at product launch.
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).
For the three years that Jannifer Waceke has managed her own store in Nairobi, she has struggled to overcome one barrier: accessing small loans to replenish her kiosk, buy more vegetables and goods, and in turn, grow her business. In many emerging markets, food retailers along with smallholder farmers, struggle to secure loans and develop…
Hewlett Packard Enterprise (HPE) stock has returned 18% in the last 12 months. The stock has remained flat in the last month and the last five trading days. HPE stock rose 60% in 2016 and 8.5% in 2017. Year-to-date, it has risen ~21%. Peers IBM (IBM), VMware (VMW), NetApp (NTAP), and Microsoft (MSFT) have returned -5%, 49%, 70%, and 42%, respectively, in the last 12 months.
Amazon (AMZN) recently disclosed that it had $12.4 billion in future cloud computing revenue at the end of the first quarter. The massive cloud revenue backlog is due to long contracts spanning several years. Amazon said it expects to recognize the cloud revenue backlog in little more than three years on average. Amazon’s accumulation of more than $12 billion in long-term cloud contracts seems to show a high level of loyalty among Amazon’s cloud customers, despite escalating competition from rivals.
HP Inc. (HPQ) stock has returned 17.0% in the last 12 months, 3.7% in the last month, and 3.6% in the last five days. HP stock rose 30.0% in 2016 and 46.0% in 2017. Since the start of 2018, HP stock has risen ~7.5%. Peers IBM (IBM), Western Digital (WDC), and Seagate Technology (STX) have returned -4.0%, -10.0%, and 33.0%, respectively, in the last 12 months.
Cisco Stock Fell over 3.5% after Third-Quarter EarningsCisco reported revenue of $12.5 billion in the fiscal third quarter
IBM has partnered with environmental fintech startup Veridium Labs to turn carbon credits — tradable instruments that provide an economic incentive to those who want to reduce their greenhouse gas emissions — into blockchain-based tokens.In a joint press release, the two companies announced a collaboration to “transform the carbon credit market using IBM blockchain technology with the goal of making it easier for companies to offset their environmental footprints.”"By using a public, permissioned blockchain network, we can help Veridium create a new sustainable marketplace that is good for business and good for the world," said Bridget van Kralingen, senior vice president of IBM Industry Platforms and Blockchain. “This is a great example of how industries are being reinvented by blockchain [technology], in this case establishing a far more efficient and transparent approach to carbon accounting and offsetting that will empower individuals and companies to play a role in improving our environment."A carbon credit is defined as “a certificate showing that a government or company has paid to have a certain amount of carbon dioxide removed from the environment.” In return, environmental regulations allow the holders of carbon credits to burn a certain amount of fossil fuels.While the carbon credits market exists, with many active sellers and buyers, measuring carbon emissions is complicated and costly, and purchasing carbon credits can be complex. According to the joint press release, “blockchain based digital assets, or tokens, can enable innovative ways to buy and use” carbon credits.A recent report produced by the IBM Institute for Business Value (IBV), titled “Moving to a token-driven economy: Enabling the digitization of real-world assets,” notes that assets like gold, real estate, fine art or carbon credits are difficult to transfer, often necessitating an abundance of paperwork and prolonged procedures for both buyers and sellers. “By representing physical assets as digital tokens on a distributed digital ledger or blockchain, it’s possible to unlock the value of real-world assets and to exchange them in real time,” states the report.Relying on IBM’s blockchain technology and expertise, Veridium “plans to transform carbon credits into a new type of fungible digital asset that can be redeemed and traded on the Stellar network.” Their approach “will encompass the entire process of carbon footprint accounting and offsetting.” The tokenized carbon credits will include REDD+ credits from InfiniteEARTH, backed by projects that pursue long-term sustainability. Both Veridium and InfiniteEARTH are associated with EnVision Corporation, an incubator of sustainable technologies.Jared Klee, blockchain manager for token initiatives at IBM, explained to TechCrunch that buying and accounting for REDD+ credits is currently quite complicated. “It’s a major pain point,” he said. “Today REDD+ credits are over the counter assets and there is no central exchange.”Therefore, IBM and Veridium’s initiative, also supported by Stellar, could significantly simplify carbon credits trading, thus making carbon credits more appealing and contributing to environmental preservation and sustainable development.“For years, we’ve been trying to mitigate environmental impacts at every point in the value chain, however previous solutions still presented significant complexities and costs,” said Todd Lemons, the chairman of Veridium. “Our work with IBM is the first step in dramatically simplifying the accounting and offsetting processes, and therefore ultimately helping reduce costs. Our digital environmental assets are designed to help companies and institutional investors purchase and use carbon credits to mitigate their environmental impacts today, and even hedge their potential carbon liabilities risks in the future.” This article originally appeared on Bitcoin Magazine.
The good news is that the fiscal third quarter earnings report Cisco Systems, Inc. (NASDAQ:CSCO) posted Wednesday afternoon could have been worse. Investors, seeing the glass as half empty rather than half full, sent CSCO stock lower to the tune of 4%. The economy is booming — relatively speaking — and other technology giants like Nvidia Corporation (NASDAQ:NVDA) and even a beleaguered IBM (NYSE:IBM) are showing a pace of progress that Cisco appears unable to match.