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Stock Market & Financial Investment News

News Breaks
February 13, 2013
13:04 EDTCSCOEarnings Preview: Expectations high ahead of Cisco's Q2 report
Cisco (CSCO) is set to report Q2 earnings after the market closes on Wednesday, February 13, with a conference call scheduled for 4:30 pm ET. Cisco manufactures and sells IP-based networking products and services... EXPECTATIONS: Analysts are looking for EPS of 48c on revenue of $12.06B, according to First Call. The consensus range for EPS is 47c-50c on revenue of $11.96B-$12.2B... LAST QUARTER: Cisco reported Q1 adjusted EPS of 48c against estimates for 46c on revenue of $11.9B against estimates for $11.77B. On its Q2 conference call, Cisco said it sees Q2 adjusted EPS 47c-48c on revenue growth of approximately 3.5%-5.5% vs. the same quarter a year ago. In January, Cisco announced it was launching a home security service with AT&T (T) called AT&T Digital Life that will be available in March. On January 23, the company signed an agreement to acquire privately-held Intucell, a mobile network software company, for $475M. On January 24, Cisco announced it was selling its home networking business unit, including the Linksys brand, to Belkin, and terms of the deal were not disclosed... STREET RESEARCH: Street research on Cisco has been generally positive during the quarter, though shares of Cisco were downgraded to Underweight from Neutral at JPMorgan in January. The stock received several positive mentions the day after its Q1 results, including an upgrade to Outperform from Sector Perform at Pacific Crest. Most recently, Piper Jaffray raised its price target on Cisco yesterday morning to $25 from $22, reiterating their Overweight rating on shares. Piper Jaffray said that it is expecting the company to report solid Q2 results, with its Overweight recommendation centering on an attractive valuation, tight cost controls, and a 3% dividend yield. Stifel Nicolaus also said this week saying that it expects Cisco to report stronger than expected results for Q2, and the firm maintains a Buy rating on the stock... PRICE ACTION: Shares of Cisco have gained more than 24% since the first day of trading following its Q1 report. Shares of Cisco are nearly unchanged in early afternoon trading today ahead of its Q2 report.
News For CSCO From The Last 14 Days
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July 31, 2014
14:14 EDTCSCOU.S. judge orders Microsoft to hand over emails from abroad, Reuters says
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10:39 EDTCSCOCisco could acquire Jive Software if partnership is successful, says Rosenblatt
Cisco (CSCO) and Jive Software (JIVE) announced a partnership in May where Cisco would discontinue its WebEx Social product and integrate Jive into its collaboration suite. Rosenblatt Securities said Street expectations are low because Jive has been unable to show it can increase revenues but believes if the partnership works, then Jive will become profitable sooner. The analyst said the bigger question is what Cisco will do if the partnership is a success and believes a takeover of Jive would be the likely outcome.
July 28, 2014
10:02 EDTCSCOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AcelRx (ACRX) downgraded to Hold from Buy at Canaccord... Anglo American (AAUKY) downgraded to Neutral from Buy at UBS... Aon plc (AON) downgraded to Hold from Buy at Sandler ONeill... Cabot Oil & Gas (COG) downgraded at Oppenheimer... Cisco (CSCO) downgraded to Sector Perform from Outperform at Pacific Crest... Coeur Mining (CDE) downgraded to Market Perform from Outperform at Raymond James... DSW (DSW) downgraded at Sterne Agee... DuPont Fabros (DFT) downgraded to Neutral from Buy at Citigroup... El Paso Electric (EE) downgraded to Hold from Buy at Jefferies... Enphase Energy (ENPH) downgraded to Hold from Buy at Deutsche Bank... GlaxoSmithKline (GSK) downgraded to Neutral from Buy at BofA/Merrill... Horizon Technology (HRZN) downgraded to Hold from Buy at Wunderlich... Lear (LEA) downgraded to Hold from Buy at Deutsche Bank... Life Time Fitness (LTM) downgraded at Wedbush... Monster Beverage (MNST) downgraded to Neutral from Buy at UBS... NRG Energy (NRG) downgraded to Buy from Conviction Buy at Goldman... PG&E (PCG) downgraded to Sell from Neutral at Goldman... Pfizer (PFE) downgraded at BMO Capital... Post Properties (PPS) downgraded to Neutral from Buy at Citigroup... Publicis (PUBGY) downgraded to Sell from Neutral at Citigroup... Selmer Scientific (SMLR) downgraded to Hold from Buy at Aegis... TransCanada (TRP) downgraded to Neutral from Outperform at Credit Suisse... Travelers (TRV) downgraded to Hold from Buy at Sandler O'Neill... Zurich Insurance (ZURVY) downgraded to Underperform from Market Perform at Bernstein.
05:46 EDTCSCOCisco downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded its rating on Cisco (CSCO) shares to Sector Perform citing valuation and concern the company's margin expansion could moderate in 2015. The firm believes shares are fairly valued at $26. Cisco closed Friday up 14c to $25.97.
July 27, 2014
18:57 EDTCSCOAmazon's cloud computing unit AWS faces more rivals, WSJ says
Amazon.com's (AMZN) cloud computing unit AWS has been competing with Google (GOOG) and Microsoft (MSFT) but more company's have launched offerings in the space including Verizon (VZ), Cisco Systems (CSCO), International Business Machines (IBM) and VMware (VMW), which may threaten the profitability plans that Amazon has for AWS, says the Wall Street Journal. Reference Link
July 22, 2014
15:07 EDTCSCOEarnings Preview: Microsoft to report after Nadella makes big job cuts
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08:14 EDTCSCOCisco to establish Global IoE Innovation Center in Barcelona
Cisco and Barcelona City Council announced plans to open a Cisco Global IoE Innovation Center in Barcelona. The Innovation Center will provide a platform for research, technological development and new market opportunities related to the Internet of Everything for smart cities. The new 1,720 SQM Cisco center will be located at Ca l'Alier, a 19th century heritage building at the core of the 22@Barcelona district, as part of the new Smart City Campus. Based on its current plans, from 2015 to 2020, Cisco intends to invest close to $30M in the facilities' restoration, innovation lab, IT equipment, and talent acquisition primarily in engineering, application development and research.

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