48.80 -0.22 (-0.45%)
Pre-Market: 8:35AM EST
|Bid||48.68 x 1000|
|Ask||48.87 x 2200|
|Day's Range||48.87 - 49.54|
|52 Week Range||43.40 - 58.26|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||19.51|
|Earnings Date||Feb 11, 2020|
|Forward Dividend & Yield||1.40 (2.86%)|
|Ex-Dividend Date||Dec 31, 2019|
|1y Target Est||52.22|
Belpoint Asset Managements David Nelson and Mike Bloomberg’s 2020 co-chair Mayor Sam Liccardo joins Yahoo Finance’s On The Move panel to discuss the possible impact that Iranian cyberattacks could have on Silicon Valley.
Known as the worldwide leader in networking equipment, Cisco Systems (CSCO) designs and sells a broad range of technologies that help their customers provide a highly secure and intelligent platform for digital business, notes Zach Jonson, CFA and senior portfolio manager at Stack Financial Management.
For a boring company like Cisco Systems (NASDAQ:CSCO), it enjoyed a solid performance in 2019. Last year, Cisco stock returned nearly 17% for stakeholders. Granted, it's not an earth-shattering figure. As a telecommunications equipment specialist, Cisco isn't exactly a sexy organization. However, it's a name you may want to keep in the backburner.Source: Anucha Cheechang / Shutterstock.com Before I get into the bullish argument for Cisco stock, let me acknowledge the reservations many investors have. To start off, some folks are skeptical of the underlying company's growth narrative. As an example, Cisco generated top-line sales of $13.2 billion in the most recent quarter ending Oct. 31, 2019. That represented only a modest 0.7% lift from the year-ago quarter.Now, no one is suggesting that Cisco stock is a growth monster. But without an overriding catalyst, it's hard to get the markets excited about the networking giant. That's probably one of the reasons that led to the rather choppy trading in shares last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBack in mid-July 2019, Cisco was up 40% for the year. But quickly thereafter, shares tumbled. The volatility continued when management reported its results for its fiscal fourth quarter of 2019. Although the company beat on both the top and bottom lines, it disclosed disappointing guidance for fiscal Q1 2020. * 10 Cheap Stocks Under $10 to Buy for 2016 With the see-sawing price action of Cisco stock, several investors elected to stay on the sidelines. While it's difficult to imagine a blue-chip powerhouse like Cisco tanking completely, market gains have been hard to come by. In other words, better alternative investments existed in this space and others.Be that as it may, the broader 5G rollout provides a distinctly lucrative opportunity for the telecom-equipment provider. Cisco Stock May Own the Keys to 5GAsk a random person on the street what 5G means and you'll probably get the answer of faster wireless speeds. While that's certainly a major component of this next-generation telecommunications technology, not too many people may appreciate the complex path toward structural realization.Put another way, 5G isn't just a switch that telecoms pull - voila! Faster wireless speeds! Instead, it's a multifaceted journey with myriad cogs that must work in sync to realize its true potential. Here, Cisco provides a critical pathway to enabling both mobile carriers and customers the full benefits of 5G. Thus, Cisco's general manager of service provider networking, Jonathan Davidson, boldly claimed that the company "is the most important 5G vendor in the world."One area where Cisco is undoubtedly crucial is in the 5G backhaul. Essentially, a backhaul in telecommunications is the intermediary link between a core network and the group of localized subnetworks standing at the main network's edge.Currently, the challenge for the telecom industry is that today's backhaul is geared toward past technology. Davidson bluntly stated that much of the present backhaul in the U.S. is operating as "a really low capacity network."Long story short, without an upgraded backhaul, the 5G rollout will hit a technical backlog.But it's not just the backhaul narrative that bolsters the case for Cisco stock. The underlying organization also aims to help mobile carriers upgrade their core networks to fully advantage 5G's potential. To that end, Cisco has gained substantial credibility by partnering with Japanese firm Rakuten (OTCMKTS:RKUNY) to build out its 5G network, along with its virtualized telco cloud.It's quite possible that the markets aren't pricing in the longer-term implications for Cisco's 5G opportunities. Therefore, you can get in before the bullish wave hits. Boring Is Good, Especially Right NowEven with Cisco's 5G thesis, the company's boring reputation will be hard to shake. Still, I think this is actually a benefit, especially in the current market environment.Let's face it: with the broader bull market heading toward its eleventh year, it's on the edge of wearing out its welcome. If history is any guide, you'd expect a wider-scale correction in the next year or two.If so, the exciting names are probably the most vulnerable to steep losses. That doesn't fit Cisco stock at all. Here, you have an investment supported by a stable balance sheet, strongly positive cash flow and a dividend. While these attributes won't prevent spilling red ink, any volatility will at least be mitigated.Therefore, from both a strategic and tactical perspective, Cisco stock just makes sense.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * 5 Retail Stocks Placer.ai Thinks Can Win Big in 2020 * 6 Cheap Stocks to Buy Under $7 The post For Cisco Stock, Stability Is the New Sexy appeared first on InvestorPlace.
Lead by technology and financial services names -- two of the three largest sector weights in the S&P 500 -- the major equity benchmarks ascended to fresh records Thursday as the Senate approved the U.S.-Mexico-Canada free trade agreement, one of the cornerstones of President Trump's 2016 campaign.Source: Provided by Finviz * The S&P 500 advanced 0.84% * The Dow Jones Industrial Average rallied 0.92% * The Nasdaq Composite jumped 1.06% * Mature technology stocks got in on that sector's rally today as highlighted by Cisco (NASDAQ:CSCO) leading the Dow with a gain of 2.1%In addition to the aforementioned signing of the USMCA, the White House's second trade victory this week, stocks were supported by some favorable economic data. While some brick-and-mortar retailers have recently delivered disappointing results for the holiday shopping season, the broader picture was brighter today.Total retail sales rose 0.3% last month and excluding the lagging automotive group, the increase was a more impressive 0.7%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat data point helped the likes of Home Depot (NYSE:HD) and Walmart (NYSE:WMT) join the ranks of the Dow Jones winners today and there were plenty of those, as 26 of the blue-chip index's names were in the green in late trading. Good News for TechPhase I of the U.S.-China trade deal has wide-ranging implications for a variety of sectors and industries, but many of the thorny technological issues between the two countries will need to be addressed in another round of trade talks. * 7 Great Financial Services ETFs to Buy Now for 2020 Still, there was some good news for tech investors today and it came from a company that's not a Dow member. Taiwan Semiconductor (NYSE:TSM) said its fourth-quarter revenue climbed 10.6%, though that somewhat disappointed analysts.More importantly, the company forecast first-quarter sales of $10.3 billion, above Wall Street forecasts. The company is the world's premier chip foundry firm and its revenue proclamation today explains Intel (NASDAQ:INTC) was one of the Dow winners on Thursday.Piper Sandler analyst Harsh Kumar said in a note out earlier today that "2020 appears to be a major recovery year for the semiconductor market."Apple (NASDAQ:AAPL) got in on the act because Taiwan Semiconductor management cited 5G deployment as a catalyst for higher revenue this year. Many TSM customers are Apple suppliers. Still RisingDisney (NYSE:DIS) notched another modest gain today, again proving its 2019 bullishness was no fluke. What was impressive about Disney's upside was that it was accrued against what could be deemed a challenging intraday backdrop.First, rival Comcast (NASDAQ:CMCSA) launched its Peacock streaming service, a competitor to Disney +. Second, Netflix (NASDAQ:NFLX) reports earnings next week and some analysts are saying the company will put to rest investors' concerns about rivals, such as Disney +.Netflix reports results Tuesday, Jan. 21 after the bell, an event that will almost certainly move that stock and potentially Disney as well. Earnings EvaluationWith the financial services sector keeping markets awash in earnings reports, the sector was boosted by Morgan Stanley's (NYSE:MS) update today. That's not a Dow component, but Morgan Stanley's rally was enough to keep all of the Dow's financial services members in the green today.American Express (NYSE:AXP) and Travelers (NYSE:TRV), two Dow representatives from that sector, report fourth-quarter results next week. Boeing, Believe it or NotBoeing (NYSE:BA) was again among the Dow winners despite another day of challenging headlines, something the company should be accustomed to by now. Southwest Airlines (NYSE:LUV) joined rivals in saying it will keep the 737 MAX grounded until at least June.A Department of Transportation panel said earlier today said the Federal Aviation Administration did things by the book when it signed off on the 737 MAX three years ago, but enhancements need to be made to the FAA's procedures. * 10 Cheap Stocks to Buy Under $10 Bottom Line on the Dow Jones TodayToday's bottom line actually doesn't pertain directly to the Dow or any of its constituents, but it's relevant nonetheless.Some market observers are opining that 2020 could be a banner year for small-cap stocks, a sentiment the Russell 2000 Index's Thursday breakout may have confirmed. Obviously, there aren't any small-cap names in the Dow, but if that segment of the market rallies, it would benefit other groups in the form of increased risk appetite.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * 5 Retail Stocks Placer.ai Thinks Can Win Big in 2020 * 6 Cheap Stocks to Buy Under $7 The post Dow Jones Today: More Records as Financials, Tech Lead the Way appeared first on InvestorPlace.
DOW UPDATE Led by strong returns for shares of Cisco and Home Depot, the Dow Jones Industrial Average is climbing Thursday afternoon. The Dow (DJIA) is trading 240 points (0.8%) higher, as shares of Cisco (CSCO) and Home Depot (HD) are contributing to the blue-chip gauge's intraday rally.
(Bloomberg) -- When Salesforce.com Inc. emerged two decades ago, it lashed out at the software establishment: large companies that allegedly locked clients into dated products. Now, a coalition of newer rivals have extended that criticism to the cloud applications pioneer. Ten software upstarts kicked off a public campaign Thursday that knocks customer relationship management, or CRM, titans, including Salesforce, Oracle Corp. and SAP SE, by saying the large companies keep clients trapped in subpar software suites, potentially shutting out smaller rivals with newer technology.The “Platform of Independents” leading the effort include Segment Inc., Amplitude Inc., Outreach Inc., Pendo.io Inc. and Drift.com Inc. Some of the companies are privately held unicorns, with valuations exceeding $1 billion. Each caters to a different software niche. The campaign began with a two-page ad in Thursday’s print edition of the Wall Street Journal and includes a web page and information sessions for prospective clients. More than 190 companies co-signed the main tenet of the campaign, that CRM software “isn’t enough” to provide good customer experiences to consumers.“We, as independent software companies, have built our products with the belief that a business should never be locked into a suite, never forced to have a one-size-fits-all technology approach, and its data should never be siloed,” the companies said in a statement. “It’s time to break free of the data monopoly.”The smaller companies argue the large software makers focus more on selling bundled packages of products than serving their clients’ needs with continuous innovation. Large technology companies have come under increasing antitrust scrutiny for their business practices, including how they wield power to maintain advantages over smaller firms. Beyond panning the quality of the bigger players’ technology, the chief executive officers of the startups said their larger rivals use acquisitions to bolster their market power.“If any of these guys becomes too big, that’s a threat to all of us in this ecosystem,” said Spenser Skates, CEO of Amplitude, which helps clients understand user behavior to improve product experiences. “Salesforce bought MuleSoft, Cisco bought AppDynamics. This is continuing to happen. It’s definitely a concern.”Representatives for Salesforce, Oracle, SAP, and Microsoft didn’t immediately respond to a request for comment. Salesforce has been well served by its strategy in the CRM market. The company’s shares climbed about 19% last year. Oracle’s stock rose about 17%. Salesforce led the market for customer-management applications with 16.8% as of 2018, the last full year for which data is available, according to research firm IDC. Oracle was next with 5.7% while SAP came in third with 5.6%. Adobe Inc. and Microsoft Corp. rounded out the top five.Salesforce, founded in 1999, is the youngest company in the group. The others have been around for about four decades.“I think there’s something significantly broken that there’s been no big CRM company built in the last 10, 15, or 20 years,” Peter Reinhardt, the CEO of Segment, which helps companies compile their data about consumers, said in an interview.Reinhardt, who spearheaded this campaign, said he isn’t interested in being acquired. Rather, he wants to work more closely with his Platform of Independents peers to jointly sell packages of software solutions to clients, as a way to counter the selling advantages and software product bundles of larger companies. And Reinhardt is optimistic that a shakeup is possible in enterprise technology.“I think we have a temporarily dominant set of companies,” he said. “But I think there’s a huge opportunity for another rewrite of the CRM world.”(Updates with 2019 share performance in the eighth paragraph.)To contact the author of this story: Nico Grant in San Francisco at email@example.comTo contact the editor responsible for this story: Andrew Pollack at firstname.lastname@example.org, Mark MilianFor 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.
The Dow Jones Industrial Average and other key indexes rallied to fresh record highs Thursday, fueled by bullish economic data and earnings.
Many cybersecurity stocks enjoyed a big run in 2019. But shifts in corporate spending to cloud computing could determine winners in 2020 and beyond.
Viavi Solutions (VIAV) partners with Ingram Micro to deploy avant-garde test instruments for fiber and cable networks to a large number of businesses across the United States.
The Canadian pension fund is using the reputation of Canadians being “the nice guys” of private equity to its advantage.
The Dow Jones Industrial Average is climbing Monday afternoon with shares of Goldman Sachs and Dow Inc. leading the way for the blue-chip average. Shares of Goldman Sachs (GS) and Dow Inc. (DOW) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 77 points (0.3%) higher. Goldman Sachs's shares are up $3.50, or 1.4%, while those of Dow Inc. are up $0.68, or 1.3%, combining for an approximately 28-point boost for the Dow.
Moody's Investors Service, ("Moody's") affirmed the B2 Corporate Family Rating ("CFR") of Presidio Holdings Inc. (New) ("Presidio ") and assigned a B1 rating to the company's proposed senior secured notes and Caa1 to the proposed senior unsecured notes. Proceeds from the new notes will be used to refinance acquisition bridge financing which, along with $855 million in contributed and rolled over equity, funded the roughly $2.2 billion acquisition of Presidio by BC Partners Advisors L.P. ("BC Partners") that closed on December 19, 2019. Earlier this week, Moody's assigned ratings to Presidio's new credit facilities which will also be used to refinance outstanding acquisition bridge debt.
The chief investment officer for equities at Putnam Investments argues the S&P 500 could reach 5,000 in a hurry.
Avnet's (AVT) Partner Program will enable developers to reduce time and costs required to build IoT applications and scale their businesses.
Shares of Cisco Systems Inc. slid 1.1% in morning trading Wednesday, after Bank of America Merrill Lynch downgraded the networking company, citing a lack of expected catalysts in 2020. Analyst Tal Liani cut his rating to neutral from buy, and lowered his stock price target to $52 from $56. "We do not see a major catalyst for the stock in the coming quarters, and we see several headwinds that could continue to weigh on upcoming results," Liani wrote in a note to clients. "Challenges include 2-3 quarters of difficult [comparisons], slower potential growth for campus switching, secular pressure on routing and reduced share repurchase activity." Cisco's stock has gained 7.8% over the past 12 months, while the Dow Jones Industrial Average has advanced 20.3%. He also downgraded FireEye Inc. and Palo Alto Networks Inc. to hold from buy, but upgraded CommScope Holding Co. Inc. to buy from neutral. Shares of FireEye slumped 3.4% and Palo Alto lost 1.9%, while CommScope rallied 5.4%.
The major stock indexes were modestly higher in morning trade after Iran's retaliation was less than feared. Boeing stock slid 2%.
Tech stocks have been the star of the market through the first two decades of the 21st century. Expect that to continue into the third.That said, the ways investors can play the technology sector have evolved over the years.Once upon a time, tech stocks mostly seemed like speculative picks - high reward but equally high risk. However, technology's growing influence across all aspects of society, as well as the maturation of dozens of companies, has widened the field. Now, you can tap technology for consistent blue-chip growth, and in some cases, even for reliable dividends with decent yields.The following are the 15 best tech stocks to buy for 2020, with options for several portfolio needs. Each stock is categorized as an income winner, an established grower or a great speculation. Income winners have a nice track record of making (and raising) payouts, established growers boast leadership positions and profits, and great speculations are either developing a new market or have a clear opportunity to disrupt entrenched leaders. SEE ALSO: Hedge Funds' Top 25 Blue-Chip Stocks to Buy Now