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News Breaks
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February 8, 2012
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| 13:31 EDT |  | CSCO |
| theflyonthewall.com: | Earnings Preview: Cisco could offer better-than-expected Q2 and outlook | | Cisco Systems (CSCO) is expected to report Q2 earnings after the market close on Wednesday, February 8, with a conference call scheduled for 4:30 pm ET. The consensus estimate is 43c for EPS and $11.23B for revenue, according to First Call. Cisco underwent a massive corporate overhaul last year, which involved layoffs and widespread restructuring, in an attempt to get back on track. Now leaner, Cisco says all the upheaval is paying off. Optimists await what they expect will be further signs of recovery from the networking giant. Wall Street expects Cisco to report a stable quarter, buoyed in part by improving enterprise demand in the U.S. Options activity also hints at high expectations for Cisco's quarterly report. But, in five of the past six quarters, Cisco stock has been hit hard after not living up to expectations. The whisper number is set a bit higher, arriving at earnings of 46c per share. Investors will be closely monitoring Cisco's results for evidence that the switch maker is fighting off rivals such as Juniper Networks (JNPR), which cut its Q4 forecast last month on weakness in the U.S. service provider market, and from Hewlett-Packard (HPQ). Guidance from its last earning calls is for Q2 revenue of approximately $11.14B-$11.24B, or 7%-8% growth year-over-year. Cisco also sees Q2 GAAP pre-tax charges of up to $100M, adjusted operating margin 26%-27%, and a non-GAAP tax provision rate of approximately 22%. Sterne Agee's Shaw Wu also expects good Q2 numbers as, "Checks indicate stable demand trends -- in terms of product segments." Wu explained that product refreshes, such as the new versions of Cisco's Catalyst and Nexus switches, are helping boost sales. Consensus for Q3: 45c on $11.46B in revenue. Consensus for FY12: $1.677/$45.83B. Consensus for FY13: $1.94/$48.65B. Expectations are for a post-earnings move of about 6% for Cisco shares, up or down, based on Tuesday's activity of weekly options that expire on Friday. This is below the average 10% move for the past four quarters. Some speculate, that even if Cisco posts a strong profit, we could see a "sell on the news" -- as the stock closed Tuesday just 10% shy of the consensus' 12-month price target of $22. :theflyonthewall.com |
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May 21, 2012
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| 08:07 EDT |  | CSCO |
| theflyonthewall.com: | RGB Networks, BlackArrow enable targeted advertising delivery for TV Everywhere |
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May 18, 2012
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| 08:07 EDT | | CSCO |
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May 16, 2012
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| 10:33 EDT |  | CSCO |
| theflyonthewall.com: | On The Fly: Analyst Upgrade Summary | | Today's noteworthy upgrades include: Akamai (AKAM) upgraded to Neutral from Sell at Citigroup... Cisco (CSCO) upgraded to Overweight from Equal Weight at Barclays... Fossil (FOSL) upgraded to Buy from Neutral at Citigroup... Hollysys Automation (HOLI) upgraded to Buy from Neutral at Roth Capital... PepsiCo (PEP) upgraded to Outperform from Underperform at CLSA... Rowan Companies (RDC) upgraded to Outperform from Neutral at Macquarie... SandRidge Energy (SD) upgraded to Hold from Sell at Canaccord... Seadrill (SDRL) upgraded to Buy from Neutral at Citigroup... Simpson Manufacturing (SSD) upgraded to Neutral from Underperform at RW Baird... TE Connectivity (TE) upgraded to Outperform from Neutral at Macquarie... Weatherford (WFT) upgraded to Overweight from Neutral at JPMorgan... Dunkin' Brands (DNKN) upgraded to Buy from Hold at Argus... Total (TOT) upgraded to Equal Weight from Underweight at Morgan Stanley. :theflyonthewall.com |
| | 05:52 EDT | | CSCO |
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May 15, 2012
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| 16:42 EDT | | CSCO |
| | 07:56 EDT |  | CSCO |
| theflyonthewall.com: | JP Morgan to host a conference | | 40th Annual Global Technology, Media & Telecom Conference is being held in Boston on May 15-17 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link :theflyonthewall.com |
| | 06:23 EDT |  | CSCO |
| theflyonthewall.com: | Labor, power shortages could turn worse as notebook demand rises, DigiTimes says |
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| | 06:21 EDT | | CSCO |
| theflyonthewall.com: | Qualcomm Snapdragon shortage forcing vendors to other options, DigiTimes says |
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| | 06:17 EDT | | CSCO |
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May 13, 2012
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| 16:18 EDT | | CSCO |
| theflyonthewall.com: | Cisco and Intel's views on IT spending clash, Barron's reports | | When CEO John Chambers blamed Cisco's (CSCO) earnings miss last Wednesday on weakened corporate tech spending, his comments whipsawed tech investors and stocks. Indeed, much of Cisco's woes can be blamed on Europe, which is a big spender on business software, services, and networking gear. That is especially true of Europe's governments, which might explain Chambers' more negative view of corporate spending, Barron's reports. But apparently, Chambers hadn't checked with Intel (INTC) CEO Paul Otellini, who sees no change in IT spending. Intel is less reliant on Europe and more dependent on emerging markets in China, India, and Brazil, which probably explains why Otellini isn't feeling Chambers' pain, the periodical notes. Reference Link :theflyonthewall.com |
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May 11, 2012
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| 14:44 EDT |  | CSCO |
| theflyonthewall.com: | Stocks set to end week lower as turmoil in Europe weighs on shares | | Stocks are poised to finish lower for the week as the fallout from elections in France and Greece, along with worries about the solvency of Spanish banks and Spain itself, rattled investors. MACRO NEWS: French socialist Francois Hollande won the French presidential election on Sunday. Hollande has called for the E.U.'s fiscal pact to be revised and weakened, placing him on a collision course with German Chancellor Angela Merkel and causing investors to become more worried about the euro zone's debt crisis... The Greek election also intensified investors' fears about Europe, as the party with the most votes was unable to form a government and the leader of the second largest party wants to default on the country's deals with the E.U... The Spanish government announced that it would nationalize the country's fourth largest bank, and some investors are worried that other Spanish banks will require aid from the government. There are also concerns that the cost of bailing out banks will bankrupt the Spanish government. COMPANY NEWS. In the U.S., JP Morgan (JPM) announced that it had suffered a $2B loss on synthetic trading positions. Some analysts believe that the loss will grow significantly... Cisco (CSCO) reported stronger than expected Q3 results but provided lower than expected Q4 EPS guidance. The company warned that European headwinds and customers' conservatism were creating challenges... Coty increased its takeover offer for Avon (AVP) to $24.75 per share. :theflyonthewall.com |
| | 10:23 EDT | | CSCO |
| theflyonthewall.com: | Cisco management to meet with Jefferies | | Meeting to be held in London on May 14 hosted by Jefferies. :theflyonthewall.com |
| | 10:19 EDT |  | CSCO |
| | 09:41 EDT |  | CSCO |
| theflyonthewall.com: | Active equity option families in first 10-minutes | | Active equity option families in first 10-minutes of trading according to Track Data are: AAPL JPM ARNA CSCO. :theflyonthewall.com |
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