CSCO - Cisco Systems, Inc.
| Previous Close | 47.03 |
| Open | 47.10 |
| Bid | 46.83 x 1400 |
| Ask | 46.84 x 1800 |
| Day's Range | 46.66 - 47.27 |
| 52 Week Range | 40.25 - 58.26 |
| Volume | 7,022,055 |
| Avg. Volume | 19,542,524 |
| Market Cap | 199.062B |
| Beta (3Y Monthly) | 1.10 |
| PE Ratio (TTM) | 17.97 |
| EPS (TTM) | 2.61 |
| Earnings Date | Nov 13, 2019 |
| Forward Dividend & Yield | 1.40 (2.99%) |
| Ex-Dividend Date | 2019-07-03 |
| 1y Target Est | 55.17 |
- Barrons.com
Zoom’s CEO Says More Growth Is Coming, but the Valuation Is Still Sky High
This year’s poster child for the stock market’s love of cloud-based enterprise software has to be Zoom Video Communications. Led by a management team sprinkled with Cisco alums, including CEO and founder Eric Yuan and CFO Kelly Steckelberg, Zoom has taken on (CSCO)’ (ticker: CSCO) WebEx, (MSFT)’s (MSFT) Skype, (GOOGL)’s (GOOGL) Google Hangouts, privately held BlueJeans, and a host of other rivals. At the peak, just north of $107, Zoom shares were trading at more than 50 times anticipated revenue for this fiscal year.
- GuruFocus.com
Parnassus Endeavor Fund Buys 4 Stocks in 3rd Quarter
The fund’s largest new position is in Arista Networks Continue reading...
- Zacks
The Zacks Analyst Blog Highlights: Verizon, Microsoft and Cisco Systems
The Zacks Analyst Blog Highlights: Verizon, Microsoft and Cisco Systems
- PR Newswire
Cisco Nominates Carol B. Tomé to Board of Directors
Steven M. West to Retire from Cisco Board SAN JOSE, Calif. , Oct. 17, 2019 /PRNewswire/ -- News Summary: Former Home Depot CFO Carol B. Tomé nominated for election to Cisco Board of Directors. Steven M. ...
- Investor's Business Daily
Is Cisco Stock A Buy Or Sell Right Now? Here's What Earnings, Charts Show
Cisco stock recently rallied 70% on views it can reinvent itself with recurring software revenue. In July, Cisco stock corrected. Here's the technical and fundamental analysis on Cisco now.
- Reuters
Ex-Cisco engineers raise $278 million for startup
Pensando Systems, which introduced the company publicly on Wednesday, said the funds were raised through series A, B, and C rounds. The latest round was led by Hewlett Packard Enterprise Co and venture capital firm Lightspeed Venture Partners. Pensando's founders have sold four previous startups to Cisco.
- Zacks
Tech Stocks for Dividend Investors to Buy as Q3 Earnings Season Heats Up
We used our Zacks Stock Screener to search for companies within the broader technology sector that also pay a dividend that investors might want to buy as Q3 earnings season heats up...
- MarketWatch
Ex-Cisco CEO John Chambers, star team of engineers have a startup targeting Amazon’s AWS
Pensando Systems, the ultra-secretive Silicon Valley company, announced Wednesday in New York it is has developed hardware and software that lets companies run their computer servers more efficiently, particularly in the cloud.
- Zacks
Symantec Boosts Endpoint Security Portfolio With New Upgrade
Symantec's (SYMC) Endpoint Security solution features capabilities like new attack surface reduction, threat hunting, and breach analysis and prevention, to cater to the growing need for comprehensive enterprise security.
- Yahoo Finance
CrowdStrike CEO: There's a 'real awakening' about the threat of 2020 election hacking
CrowdStrike co-founder and CEO George Kurtz weighs in on cybe threats pertaining to the 2020 presidential election.
- American City Business Journals
Cisco veterans, backed by $278M, aim to disrupt Amazon's cloud dominance
The team that sold billions of dollars worth of key businesses to Cisco Systems over the past 25 years are ready to talk about their latest startup. It's a San Jose business they say will "democratize the cloud."
- American City Business Journals
Why John Chambers predicts success for startup hatched by his former star team at Cisco
Here's why John Chambers is predicting success for the San Jose cloud technology startup founded by a team of former Cisco executives that emerged from stealth this week.
- Yahoo Finance
CrowdStrike CEO gives perfect answer on post IPO stock price tumble
Crowdstrike remains a business on fire, even if some on Wall Street are voicing views to the contrary.
- Bloomberg
Huawei Defies U.S. Ban With Strong Growth in Smartphone Sales
(Bloomberg) -- Huawei Technologies Co.’s revenue jumped 24% in 2019’s first nine months, defying Trump administration sanctions to sustain growth in its pivotal smartphone business.China’s largest technology company reported revenue of 610.8 billion yuan ($86.1 billion) in the January to September period. Global smartphone shipments jumped 26% in the first three quarters to over 185 million units, helping safeguard its position as the world’s second largest name in mobile devices.China’s largest technology company managed to grow revenue despite curbs on the export of crucial American software and components, which executives had warned for months would severely crimp both its networking and smartphone businesses. Huawei has said it expects U.S. export restrictions to reduce annual revenue at its consumer devices business by about $10 billion, in part because Google can no longer supply Android updates and apps from Gmail to Maps for the Chinese company’s newest handsets.The company’s reported results -- which were unaudited -- suggest that those restrictions have yet to severely impair the business. Huawei, accused by Donald Trump’s administration of aiding Beijing in spying while spearheading China’s tech-superpower ambitions, is trying to claw back business and shore up trust in its products.Billionaire founder Ren Zhengfei has warned his tech empire faces a “live or die moment,” and mobilized thousands of staff to work around the clock devising alternatives to American technology. Some American giants, including Intel Corp. and Micron Technologies Inc., have said they’re found ways to resume supplying Huawei, a major boost for the Chinese company.Huawei Sales Growth Slumps as U.S. Sanctions Start to BiteIts phone shipments in 2019 suggest its lead in the Chinese market, the world’s largest, is offsetting weak sales abroad. Huawei shipped more than 206 million smartphones in 2018, according to research firm IDC. The company is betting on its home turf and upcoming holiday season to drive its smartphone sales for the rest of the year. It aims to take half of the smartphone market in China, Bloomberg News reported earlier.There are signs also that U.S. efforts to block Huawei from the development of 5G technology are flagging: Huawei said Wednesday it has signed more than 60 5G commercial contracts to date worldwide. A senior executive in India for the company said the government there had given “no negative feedback” on Huawei, while in Germany, one of the biggest European markets, the Merkel administration said Huawei’s equipment will not be excluded in future 5G procurement. Huawei’s biggest bet, however, remains in China, where state-owned carriers are ready to build their own 5G networks.It remains unclear whether prolonged sanctions will eventually rob Huawei of growth, something Ren himself has warned may happen. Huawei remains at the heart of U.S. tensions with China, a symbol of the Asian country’s rising technological might.Critics charge that intellectual property theft from the likes of Cisco Systems Inc. and Motorola Solutions Inc. helped Huawei vault into the upper echelons of telecommunications providers, though Ren and his executives credit years of investment and research. The wireless giant is now accelerating spending on artificial intelligence chips and mobile software. It’s mobilizing its employees to source or develop alternatives to American circuitry and software to keep its edge in smartphones and next-generation 5G wireless technology.To contact Bloomberg News staff for this story: Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Colum Murphy, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Cisco Systems (CSCO) Gains But Lags Market: What You Should Know
Cisco Systems (CSCO) closed the most recent trading day at $46.36, moving +0.67% from the previous trading session.
- Zacks
The Zacks Analyst Blog Highlights: Cisco Systems, SAP, Gilead Sciences, Bank of America and Caterpillar
The Zacks Analyst Blog Highlights: Cisco Systems, SAP, Gilead Sciences, Bank of America and Caterpillar
- Zacks
Cisco Closes CloudCherry Buyout, Boosts Customer Experience
Cisco Systems (CSCO) is benefiting from its expanding footprint in the rapidly growing security market. Further, partnerships and accretive acquisitions will boost the company's revenue base.
- Business Wire
AppDynamics Delivers Latest App Attention Index Report, Revealing Emergence of The Era of the Digital Reflex
October 15, 2019 - AppDynamics, a Cisco company and the world’s largest and fastest growing APM vendor, today released the latest report in its App Attention Index research series, revealing the emergence of ‘The Era of The Digital Reflex’ - a seismic shift in the way consumers interact and engage with digital services and applications. The global study, which examines consumers’ reliance on applications and digital services, also identified how these digital dependencies impact consumers’ expectations of the businesses and brands they engage with, their increasing intolerance of performance problems and the urgency with which brands must take action in order to remain relevant and competitive in a world where application loyalty is the new brand loyalty.
- GuruFocus.com
US Indexes Close Mostly Flat Monday
Bond markets closed for the Columbus Day holiday Continue reading...
- Market Realist
CRWD Tanks 9.5% after Citi Initiates Coverage with ‘Sell’
CrowdStrike (CRWD) fell 9.5% today to close at $54.52. Analyst Walter Pritchard initiated coverage on CRWD with a “sell” rating and a target price of $43.
- Benzinga
Apple, Microsoft And Semiconductors: Technology Sector Earnings Ahead
Throughout 2019, the Technology sector has been flying high as the top performing sector. Heading into Q4, Technology companies and investors alike have begun to show concerns over the macro environment, and that’s arguably starting to show up in the sector’s performance. Plus, they’re paying close attention to the US-China trade front where the market tends to swing on emotions day to day, with one headline bringing us up and another taking us down.
- Benzinga
Banks In Focus This Week As JPMorgan , Goldman Sachs, Others Report Tuesday
Real in the sense that investors will finally have something solid to trade on and not just the latest back and forth around trade talks with China—like the one that helped spike stocks on Friday and now has them looking softer (see more below). Later this week brings Bank of America Corp (NYSE: BAC) and Morgan Stanley (NYSE: MS).
- PR Newswire
Cisco Completes Acquisition of CloudCherry
SAN JOSE, Calif. , Oct. 11, 2019 /PRNewswire/ -- Cisco (NASDAQ: CSCO) today announced it has completed the acquisition of privately-held CloudCherry based in Salt Lake City, UT . CloudCherry is a Customer ...
- InvestorPlace
3 Blue-Chip Stocks to Buy In October
Wall Street is breathing easier today. But given that it is October and the art of deal-making is far from certain these days, investors can tread more confidently if they choose income-generating, blue-chip stocks that are well-positioned for winning the trade war. Let me explain.The Dow Jones Industrial Average is nearly through the first half of October -- a month notorious for spooking investors -- and so far a market correction still hasn't happened. That's not to say the period hasn't been without incident or that a correction won't make an appearance this year. The fact is elevated volatility, back-and-forth political intrigue and mixed economic data offering jeers and cheers have been a staple on Wall Street this month. Nevertheless, a pullback which saw blue-chip stocks lose as much as 4.25% in early October has been completely retraced as of Friday's intraday trade.So, where exactly does that leave investors, other than a flat October, which may feel like a victory?InvestorPlace - Stock Market News, Stock Advice & Trading TipsGiven that deal-making hasn't been a proven hallmark of U.S. President Donald Trump, I'm not holding my breath that today's market optimism for a partial trade deal with China won't be derailed by a tweet or temper tantrum. Of course, something else out of left field or maybe the continued saga of Donald and the Giant Impeach could always find Wall Street pulling up its bootstraps and getting defensive again. * 7 Beverage Stocks to Buy Now With all of that said, I'm recommending investors stick with blue-chip stocks. Risk-assets of this caliber have prevailed over bear markets, weathered all sorts of political theater and will pay investors for their patience. And right now three of these names also enjoy negotiating power for bulls on the price charts. Blue-Chip Stocks to Buy: Disney (DIS)Disney (NYSE:DIS) is the first of the blue-chip stocks to buy. The diversified entertainment giant hit all-time-highs in late July fueled by a breakout from a near three-year long triangle pattern.Shares of this blue-chip pay investors a below-market dividend of 1.36%. That's nothing to write home about, but it's a little something for your time. Moreover, DIS stock offers investors nice prospects for continued growth. And my guess is Disney's deeper move into the streaming market with Disney+ later this year and against the likes of Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL), will prove to be the company's newest stock booster.With an oversold DIS stock pulling back to test its 40-week simple moving average, lower Bollinger Band and 50% retracement level in an inside doji bottoming pattern, this blue-chip stock is nearly ready to buy.DIS Stock Strategy: My advice is to buy DIS stock on confirmation of the two-week candlestick bottoming pattern as shares trade through $131.78. I'd give this blue-chip stock a bit of wiggle room, but if shares fall below $126.50, exiting the position and keeping the powder dry for stronger opportunities makes sense. Cisco Systems (CSCO)Cisco Systems (NASDAQ:CSCO) is the next of our blue-chip stocks to buy. And you can thank Goldman Sachs for putting CSCO stock into a better position for buying. On Thursday, the investment firm warned Cisco's enterprise revenues will weaken while its telecom spending will remain at depressed levels. Investors reacted by sending shares down 1.47%.The combination in CSCO stock I'm looking at is much more upbeat. Today's buyers can get into this blue-chip as it offers a 3% yield backed by price action that's setting up a corrective double-bottom inside a very strong technical support zone. * 10 Winning Stocks to Buy and Stick With for the Long Haul CSCO Stock Strategy: My advice in this blue-chip stock is to buy shares next week if the hammer candlestick is confirmed above $48.13. All chips are off the table if the pattern fails and investors would be smart to exit or risk a much larger correction toward possibly $40 a share. AT&T (T)Not that I've saved the best for last, but AT&T (NYSE:T) is a blue-chip stock whose attractive income stream of 5.50%, relative strength and pattern on the price chart make it ripe for buying.Shares are in position to stage a breakout from a tight multi-week consolidation that has found support from prior highs and above T stock's cup-shaped base of nearly 2.5-years. Bullish investors might also see the current pattern as a "high" handle formation. Either way, the price action bodes well for a continued rally into 2020.T Stock Strategy: The plan for buying this blue-chip stock is simple. Wait for T stock to trade above resistance and purchase shares through $38.22. And respect the pattern low for exiting if needed, as an even larger yield may not be worth the trouble.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post 3 Blue-Chip Stocks to Buy In October appeared first on InvestorPlace.
