CSCO - Cisco Systems, Inc.
44.88 +0.03 (0.07%)
After hours: 6:15PM EST
| Previous Close | 44.84 |
| Open | 45.15 |
| Bid | 44.80 x 2200 |
| Ask | 44.84 x 1100 |
| Day's Range | 44.69 - 45.17 |
| 52 Week Range | 40.25 - 58.26 |
| Volume | 16,515,976 |
| Avg. Volume | 19,167,101 |
| Market Cap | 191.284B |
| Beta (3Y Monthly) | 1.26 |
| PE Ratio (TTM) | 17.85 |
| EPS (TTM) | 2.51 |
| Earnings Date | Feb 12, 2020 |
| Forward Dividend & Yield | 1.40 (3.12%) |
| Ex-Dividend Date | 2019-10-03 |
| 1y Target Est | 52.36 |
- Zacks
Buy Surging Hewlett Packard Enterprise (HPE) Stock Before Earnings?
Hewlett Packard Enterprise (HPE) shares have surged 34% in the last three months. Now the question is will HPE's recent run of success continue after it reports its quarterly financial results on Monday, November 25?
- American City Business Journals
Report: Cisco to restructure several businesses, name new CTO in latest shakeup
Amid fierce competition from companies like Arista Networks, Dell and Hewlett Packard Enterprise, Cisco is set to merge its enterprise and data center networking units and expand its cloud business to offer server products.
- Investopedia
Cisco Stock Declines as Guidance Shows Downside Risk
The world's top networking company has seen slow and steady growth, but the outlook for future quarters remains a concern.
- PR Newswire
Cisco Announces December 2019 Events with the Financial Community
SAN JOSE, Calif. , Nov. 20, 2019 /PRNewswire/ -- Cisco today announced that it will participate in the following conferences with the financial community during the month of December. These sessions will ...
- Financial Times
Why Cisco’s ‘spin-ins’ never caught on
One of the most radical experiments in bridging this divide was pioneered by Cisco Systems more than two decades ago. If the new businesses hit pre-agreed targets, they were bought out by Cisco — handing start-up-style gains to their executives and injecting a successful new business into the corporate parent. If they failed to hit those targets, however, Cisco would not buy the business.
- American City Business Journals
Cisco accuses three former employees of stealing trade secrets and taking them to Poly
Cisco claims that Poly Distinguished Engineer Wilson Chung, Poly Director James He and Poly Vice President of New Product Introduction Jedd Williams took thousands of pages of confidential documents before leaving Cisco earlier this year.
- Thomson Reuters StreetEvents
Edited Transcript of CSCO earnings conference call or presentation 13-Nov-19 9:30pm GMT
Q1 2020 Cisco Systems Inc Earnings Call
- Bloomberg
Cisco Sues Ex-Employees Over Alleged Trade Secrets Theft
(Bloomberg) -- Cisco Systems Inc. sued three former senior employees whom it accused of stealing thousands of files containing confidential information when they defected to a competitor.Shortly after resigning their jobs at Cisco this year, the three men joined an unidentified company that competes “in the IP telephony, headset, video, and collaboration space,” according to the complaint.Cisco claims that Wilson Chung, who was one of its principal engineers, downloaded more than 3,000 internal documents containing trade secrets, including information about the company’s contributions to 5G technology and its design specification for a video-conferencing prototype, before he left in February.Chung is accused of recruiting another Cisco engineer, James He, to join the competitor. At that point, He started photographing confidential Cisco documents with his iPhone and copying other company records and emails, according to the complaint filed Monday in federal court in San Jose, California.Cisco said that Jedd Williams, who was one of its sales executives, sought employment with the same competitor, telling one of its executives in an email that he could “hit the ground running” using “a play I drove VERY successfully at Cisco ... and a play that I’d like to repeat again.”In mid-October, on the same day he uploaded 12 Cisco sales forecasting spreadsheets, he announced he was leaving the company to work at his church and focus on personal issues, according to the complaint. “Mr. Williams joined the same competitor shortly thereafter.”LinkedIn profiles for men with the same names show that all three, after long stints at Cisco, now work at San Jose-based Poly, a developer of video, voice and content collaboration and communication technology.Poly declined to comment. Cisco didn’t respond to a request for comment.The case is Cisco Systems Inc. v. Chung, 19-cv-07562, U.S. District Court, Northern District of California (San Jose).(Updates with allegations in third paragraph.)To contact the reporter on this story: Robert Burnson in San Francisco at rburnson@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Peter Blumberg, Joe SchneiderFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- American City Business Journals
Gluware teams with Juniper to diagnose complex wireless networks
Sacramento’s Gluware Inc. is helping Juniper Network Inc.’s Mist Systems to diagnose and find problems in complex wireless networks.
- American City Business Journals
Zoom's chief marketing officer on branding, growth, and competing with former employer Cisco Webex
Janine Pelosi is one of eight senior executives at Zoom Video Communications who at one point worked for Webex or its parent company, Cisco Systems. Initially an underdog in web conferencing, Zoom is now an $18.5 billion company and focused on growth.
- TheStreet.com
[video]Bottom 3 Loser Stocks in Dow Jones Industrial Average This Week
These 3 stocks did not help the Dow Jones Industrial Average finish Friday above 28000. Here are the bottom 3 losing stocks from this week.
- Simply Wall St.
Estimating The Intrinsic Value Of Cisco Systems, Inc. (NASDAQ:CSCO)
In this article we are going to estimate the intrinsic value of Cisco Systems, Inc. (NASDAQ:CSCO) by taking the...
- Simply Wall St.
Cisco Systems, Inc. First-Quarter Results: Here's What Analysts Are Forecasting For Next Year
Cisco Systems, Inc. (NASDAQ:CSCO) shares fell 7.7% to US$45.09 in the week since its latest first-quarter results. It...
- Zacks
Check Point Augments IoT Security with Cymplify Acquisition
Cymplify's IoT cyber security technology will help Check Point (CHKP) to proactively combat IoT-related threats and vulnerabilities without affecting critical operations.
- Investor's Business Daily
Dow Jones Hits Highs As Disney, Applied Materials, RH, Datadog Soar; Walmart, Cisco Fall: Weekly Review
The major indexes hit fresh highs this week. Disney spiked on Disney+ users. RH got a Warren Buffett boost. Applied Materials, Datadog soared on earnings. Walmart and Cisco fell on results.
- Barrons.com
The Turmoil in Hong Kong Could Threaten the Stock Market Rally. Here’s How.
Beijing is angered by measure, which has passed House and is expected to win approval in Senate. That adds to uncertainty worrying investors buffeted by Brexit, impeachment, and a slowing global economy.
- Benzinga
Driving Higher: Market Keeps Hanging In, On Pace For Another Record-Setting Week
On the earnings side, the pendulum also swung for Nvidia Corporation (NASDAQ: NVDA). The stock fluctuated between gains and losses in futures trading after the chipmaker beat analysts’ Q3 earnings and revenue estimates but issued Q4 revenue guidance slightly below Street views. Investors don’t seem to know right away what to make of its results, judging by the stock moves.
- Investopedia
Cisco Systems Stock Could Enter Long-Term Downtrend
Cisco Systems stock has broken down after a weak quarter and could enter a major downtrend in coming years.
- MarketWatch
Walgreens Boots, Intel share gains contribute to Dow's 100-point climb
DOW UPDATE Powered by positive gains for shares of Walgreens Boots and Intel, the Dow Jones Industrial Average is climbing Friday morning. The Dow (DJIA) was most recently trading 105 points, or 0.4%, higher, as shares of Walgreens Boots (WBA) and Intel (INTC) have contributed to the index's intraday rally.
- Zacks
Stock Market News for Nov 15, 2019
U.S. stocks closed mixed on Thursday despite continuation of trade impasses.
- Barrons.com
Investors Should Worry Less About the Trade War and More About China’s Economy
Investors should pay attention to the latest China economic data, increasing competition from Chinese startups, and the battle for technology leadership between the U.S. and China.
- Barrons.com
A 7% Tumble for Cisco, and Two More Numbers to Know
STOCKSTOWATCHTODAY BLOG Three numbers to start your day: The U.S.Postal Service Had a Loss of $8.8 Billion —over the past year. The post office reported its fiscal fourth-quarter numbers on Thursday. The enormous loss comes with a simple explanation: People are sending less mail every year.
- TheStreet.com
[video]Cisco Shares Look Cheap After Their Sell-Off
Cisco shares fell nearly 8% in response to disappointing Q2 guidance. However, I believe that this sell-off gives long-term investors a chance to buy shares at a discount.
- Bloomberg
Bonds Aren’t Believers in a Synchronized Upswing
(Bloomberg Opinion) -- The global bond market rallied for a second consecutive day on Thursday in an awkward development for the growing chorus of voices that have cropped up the last few weeks contending that the synchronized global slowdown was over. From China to Germany, and from Cisco Systems Inc. to freight shipments, the latest data show it’s too soon to turn optimistic.In China, industrial output rose 4.7% in October from a year earlier, below the median estimate of 5.4%. Germany did post a surprise expansion in its gross domestic product for the third quarter, but that came with plenty of caveats. For one, the increase was only 0.1%, and the contraction for the second quarter was deeper than initially reported — negative 0.2% versus negative 0.1%. In the U.S., economists were passing around the latest Cass Freight Index for October, which fell 5.9% to mark its 11th consecutive year-over-year decline. This gauge has been around since 1995 and tracks freight volumes and expenditures by hundreds of companies in North America conducting $28 billion of transactions annually. More important, the compilers of the index noted in the latest survey that the index “has gone from ‘warning of a potential slowdown’ to ‘signaling an economic contraction.’” Cisco is not in the freight business, but comments by Chief Executive Officer Chuck Robbins late Wednesday after the computer company released fiscal second-quarter results echoed the sentiment in the freight industry. “Just go around the world and you see what’s happening in Hong Kong, you look at China, what’s happening in D.C., you’ve got Brexit, uncertainty in Latin America,” he said on a conference call with investors and analysts. “Business confidence suffers when there’s a lack of clarity, and there’s been a lack of clarity for so long that it’s finally come into play.”Maybe the global economy isn’t worsening, but it’s too soon to say an upswing is underway. Despite the sell-off in the bond market since September, yields are still showing caution. Yields on bonds worldwide as measured by the Bloomberg Barclays Global Aggregate Index stand at 1.45%, which is closer to its all-time low of 1.07% in 2016 than last year’s high of 2.27% in November.AWASH IN MORE DEBTThe Institute of International Finance came out with its quarterly look at the mountain of global debt, concluding that it rose by about $7 trillion in the first half of the year to a record of just more than $250 trillion. That increase is more double the $3.3 trillion expansion for all of last year. It pegs global debt, which it sees expanding to $255 trillion by the end of the year, at a lofty 320% of global GDP. It’s no surprise that the world is awash in debt, but yields show there seems to be a dearth of it for the public because of massive purchases by central banks. As of October, the collective balance-sheet assets of the Federal Reserve, European Central Bank, Bank of Japan and Bank of England stood at 35.7% of their countries’ total GDP, up from about 10% in 2008. Still, this is no time to be complacent. The IIF points out that much of the growth in debt has come in emerging markets, which is generally considered riskier than that of developed economies and where central banks are not doing things like quantitative easing. This could become an issue relatively quickly; the IIF pointed out that $9.4 trillion of bonds and syndicated loans from emerging markets come due by the end of 2021.CORPORATE CASH SHRINKSThe latest doubts about the strength of the economy kept the S&P 500 Index little changed for a second consecutive day. Perhaps that’s for the better because falling interest rates and bond yields are perhaps the single-biggest reason equities are up 23.4% this year in the absence of earnings growth. The second is probably share repurchases. But a new report from Societe General SA raises concern that the cash companies use to fund those buybacks is being depleted. “A boon for U.S. share buybacks” has left companies with less cash in their coffers, Societe Generale strategists Sophie Huynh and Alain Bokobza wrote in a report. Cash and money-market investments held by companies in the S&P 500 peaked in 2018’s first quarter on a per-share basis before falling 5.3% through the third quarter of this year, according to Bloomberg News’s David Wilson. S&P 500 companies have bought back the equivalent of 22% of their market value since 2010, the Societe Generale strategists noted in their report.CHILEAN CRISIS ENTERS NEW PHASEThe chaos in Chile, long known as the safest bet in Latin America, has become so bad that not even direct intervention by the nation’s central bank was able to reverse the slide in the peso. The currency fell about 1% Thursday, bringing its slide to 11.4% since mid-October. That’s the worst of the 31 major currencies tracked by Bloomberg and more than five times the next biggest loser, the Hungarian forint. What should have investors worried is that the peso depreciated even after the central bank announced a $4 billion currency swap program to ease liquidity in the market amid the worst civil unrest in a generation. “I don’t think it will help stop the sell-off in any way,” Brendan McKenna, a currency strategist at Wells Fargo, told Bloomberg News in reference to the swaps program. “There has to be some breakthrough on the political front for the currency to stabilize.” Foreign investors have been especially rattled since the government said Sunday that it backed plans to rewrite the constitution in response to four weeks of riots and protests in support of better pensions, wages, education and health care. If that were to happen, it’s possible the government would swing too far to the populist left to the detriment of the economy. FOLLOW THE CLIMATE CHANGE MONEYDespite the overwhelming evidence about climate change, there is still an alarming number of deniers. But if it was really all a big hoax or overblown, then why are the world’s biggest, most influential investment firms steering away from areas that are likely to be hit the hardest, such as the coasts? Goldman Sachs Group Inc. is considering real estate markets including Denver; Austin, Texas; and Nashville, Jeffrey Fine, a managing director at the firm’s merchant-banking division, said Thursday at a conference hosted by the NYU School of Professional Studies. Fine may not have specifically cited climate change, but according to Bloomberg News’s Gillian Tan, he did note that more companies and young people are moving away from the coasts. The Fed held its first conference on climate change last week in San Francisco, with one central bank official saying it has the potential to “displace people permanently” amid damaging wildfires in California and storms punishing the Eastern Seaboard. About 3 billion people — or some 40 percent of the world’s population — live within 200 kilometers (124 miles) of a coastline, according to Bloomberg News. It’s projected that by 2050 more than 1 billion will live directly at the water’s edge.TEA LEAVESThe idea that the U.S. consumer was strong and carrying the economy took a hit a month ago when Commerce Department data showed that retail sales in September fell unexpectedly. The 0.3% decline from August was directly opposite the 0.3% advance expected based on the median estimate of economists surveyed by Bloomberg. That’s why Friday’s update from the government on October retail sales is so critical, especially heading into the holiday sales season. Economists are calling for a 0.2% rebound. Bloomberg Economics isn’t so optimistic, saying that decelerating wage growth suggests household demand will moderate. It is forecasting no change in spending. Although the headline number will get the attention, the smart money will be looking at sales among a control group that are used to calculate GDP and exclude food services, auto dealers, building-material stores and gas stations. By that measure, sales are seen rising 0.3% from no change in September.DON’T MISS Stock Investors Could Use a Refresher on the Basics: Nir Kaissar You Care About Earnings? The Stock Market Doesn’t: John Authers Too Many Young American Men Still Aren’t Working: Justin Fox Brazil’s Politics and Economics Are Growing Apart: Mac Margolis Matt Levine's Money Stuff: You Can Buy Almost All the StocksTo contact the author of this story: Robert Burgess at bburgess@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Robert Burgess is an editor for Bloomberg Opinion. He is the former global executive editor in charge of financial markets for Bloomberg News. As managing editor, he led the company’s news coverage of credit markets during the global financial crisis.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
