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Stock Market & Financial Investment News

News Breaks
January 14, 2013
10:33 EDTCSCOCisco rises after two analysts boost rating on shares
Cisco Systems (CSCO) is advancing after two analysts upgraded the stock in notes to investors earlier today. William Blair analyst Jason Ader upgraded the shares to Outperform from Market Perform. The company has taken several positive steps, including reducing its costs, instituting a dividend, and getting out of consumer businesses at which it did not excel, Ader wrote. Moreover, looming threats to Cisco's business will not emerge as quickly as previously expected, and the company should continue to execute well, the analyst added. Cisco's stock is relatively safe and inexpensive, Ader believes. Meanwhile, Robert W. Baird analyst Jayson Noland raised the stock to Outperform from Neutral. The firm's research indicates that Cisco is executing very well, Noland wrote. Like Ader, Noland believes that the company has been boosted by its restructuring efforts, while it's unlikely to be threatened by new software networking technologies in the near future. Noland identified Cisco as his favorite large cap stock for 2013, and he increased his price target on the shares to $25 from $21. In mid-morning trading, Cisco rose 30c, or 1.46%, to $20.78.
News For CSCO From The Last 14 Days
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August 4, 2015
10:01 EDTCSCOOn The Fly: Analyst Initiation Summary
Arista Networks (ANET) initiated with a Neutral at Macquarie... Autodesk (ADSK) initiated with an Outperform at William Blair... Equifax (EFX) initiated with an Outperform at RBC Capital... FirstMerit (FMER) initiated with an Overweight at Stephens... G-III Apparel (GIII) initiated with a Hold at Brean Capital... Healthstream (HSTM) initiated with a Market Perform at Raymond James... LinkedIn (LNKD) initiated with a Buy at Topeka... Lumentum (LITE) initiated with a Buy at Needham... Macquarie starts Cisco (CSCO) with Underperform, says Street estimates too high... Milacron (MCRN) initiated with a Buy at BofA/Merrill... Natera (NTRA) initiated with an Outperform at Baird... Netflix (NFLX) initiated with a Buy at Guggenheim... Old National Bancorp (ONB) initiated with an Overweight at Stephens... Talmer Bancorp (TLMR) initiated with an Equal Weight at Stephens... TransUnion (TRU) initiated with a Buy at Deutsche Bank... Twitter (TWTR) initiated with a Hold at Topeka... VF Corp. (VFC) initiated with a Buy at Canaccord... Viavi (VIAV) initiated with a Hold at Needham.
06:54 EDTCSCOMacquarie starts Cisco with Underperform, says Street estimates too high
Macquarie initiated Cisco with an Underperform rating and $26 price target. The firm is not making a call on the upcoming quarter, but on longer-term trends. Macquarie believes forward consensus estimates are too optimistic and expects the enterprise switching market to contract due to a combination of denser compute, migration of enterprise server workload to hyperscale/cloud, and adoption of wireless/mobility which will reduce switch port demand. The firm also has concerns Service provider market headwinds could increase, emerging markets will remain tepid, and the Intercloud strategy will not have a significant impact near-term, all of which will lead to flat earnings growth in 2016.
July 31, 2015
08:06 EDTCSCOCisco should report strong July quarter results, says Oppenheimer
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July 29, 2015
10:36 EDTCSCOLockheed Martin launches healthcare technology alliance
Lockheed Martin (LMT) announced the formation of a new healthcare technology alliance, combining the expertise of health IT providers, medical technology companies, and academic institutions to advance public health. The Lockheed Martin Healthcare Technology Alliance's founding members include: Cisco (CSCO), Cloudera, Illumina (ILMN), Intel (INTC) and Montgomery College. The members of the Lockheed Martin Healthcare Technology Alliance will collaborate on technology solutions that help improve care in rapidly evolving and growing areas of health technology such as those that: secure patient medical information; leverage advances in genomic research; and apply big data solutions to improve public health.
July 27, 2015
11:18 EDTCSCOCisco's new CEO names Biri Singh as CTO, Kevin Brandy as CDO
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July 26, 2015
15:07 EDTCSCOCisco CEO to add 'key external hires' to management team, Barron's says
Cisco CEO Chuck Robbins told Barron's in an interview that "I think itís fair to say I bring the ability to move faster [than predecessor John Chambers] just in how I structure the teams and how I will interact with them," adding that he plans "some key external hires," potentially in cloud computing and security. The publication notes that shares of Cisco could jump "sharply higher" if investors start looking at Cisco's potential strength in the Internet-of-Things space. Reference Link
14:44 EDTCSCOAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
06:17 EDTCSCOCisco new CEO says to exit Q4 with headcount up
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July 23, 2015
06:15 EDTCSCOTechnicolor to acquire Cisco's connected devices unit for EUR550M
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