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Stock Market & Financial Investment News

News Breaks
January 17, 2013
06:17 EDTCSCOCisco downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded Cisco to reflect exposure to weaker enterprise spending and valuation. Price target lowered to $18 from $20.
News For CSCO From The Last 14 Days
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May 16, 2013
09:04 EDTCSCOCisco results positive for semiconductors space, says Brean Capital
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09:00 EDTCSCOCisco rises 12.9%
Cisco is up 12.9%, or $2.73, to $23.94
08:18 EDTCSCOCisco price target raised to $28 from $25 at Goldman
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08:14 EDTCSCOCisco price target raised to $27 from $25 at FBN Securities
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08:14 EDTCSCOBofA/Merrill's tech analysts hold an analyst/industry conference call
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08:13 EDTCSCOCisco shares should rise further, says Sterne Agee
Sterne Agee believes that Cisco outlined a more upbeat outlook after the company reported Q3 results that the firm views as strong and provided in-line Q4 EPS guidance. The firm keeps a Buy rating on the stock.
07:15 EDTCSCOCisco execution, environment improving, says RBC Capital
After Cisco reported stronger than expected Q3 results, RBC Capital believes that the company's business has rebounded. The firm thinks the company's Q4 guidance was better than feared, and it keeps an Outperform rating on the stock.
07:07 EDTCSCOCisco results positive for communications semi space, says William Blair
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06:23 EDTCSCOCisco price target raised to $26 from $24 at Wunderlich
Wunderlich raised its price target for Cisco following the company's better than expected Q3 results and continues to recommend the stock with a Buy rating.
May 15, 2013
19:34 EDTCSCOOn The Fly: After Hours Movers
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17:15 EDTCSCOCisco up $1.82, or 8.58%, to $23.03 as Q3 conference call continues
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16:58 EDTCSCOCisco sees Q4 non-GAAP gross margins to be approximately 61%-62%
16:55 EDTCSCOCisco continues to see company specific challenges in China
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16:54 EDTCSCOCisco sees Q4 EPS 50c-52c, consensus 51c
Sees Q4 revenue growth 4%-7% YoY, consensus $12.5B. Guidance taken from company's Q3 earnings conference call.
16:51 EDTCSCOCisco says Q3 public sector business grew 5%
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16:46 EDTCSCOCisco sees SP CapEx spending continuing to be challenged
This information is from the company's Q3 earnings conference call.
16:42 EDTCSCOCisco reports Q3 total non-GAAP gross margin 63% vs.63.1%
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16:41 EDTCSCOCisco Q3 services revenue grew 7%
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16:09 EDTCSCOCisco Q3 cash flows from operations $3.1B vs. $3B a year ago
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16:09 EDTCSCOCisco trades higher after results, first look
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