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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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February 26, 2015
10:20 EDTCSCORuckus Wireless will be in play if HP acquires Aruba, says Craig-Hallum
Craig-Hallum said Ruckus Wireless (RKUS) remains a likely takeout target following reports Hewlett-Packard (HPQ) may acquire competitor Aruba Networks (ARUN). Analyst Tony Stoss said if Hewlett is looking at Aruba, it should absolutely look at Buy rated Ruckus, which would also pressure Cisco (CSCO) to take a hard look at the company. Stoss says Ruckus has superior technology and exposure to the high growth service provider market with numerous catalysts ahead to drive shares higher.
February 25, 2015
09:53 EDTCSCOCredit Suisse technology analysts hold an analyst/indusr
Analysts provide takeaways from Qualcomm, Cisco and Arista Networks on an Analyst/Industry conference call to be held on February 25 at 10 am.
09:25 EDTCSCOCisco, Apple among U.S. names cut from China state buying list, Reuters says
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February 22, 2015
18:09 EDTCSCOArista Networks shares could be a bargain, Barron's says
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February 17, 2015
11:25 EDTCSCOCisco partners with France to invest $100M in French startups, TechCrunch says
French Prime Minister Manuel Valls announced Monday a partnership with Cisco that will see the company investing $100M in French startups in coming years, reports TechCrunch, citing government statements and remarks by Cisco CEO John Chambers. The partnership also involves collaborating on cybersecurity, "smart" networks and cities, and an education initiative aimed at teaching network infrastructure to 200,000 people. Reference Link
05:52 EDTCSCOSony to establish alliance to promote Ultra HD technology, DigiTimes reports
Sony (SNE) is planning to form an alliance with 10 companies including Cisco (CSCO) and Rohde & Shwarz to boost IP-based Ultra HD video broadcasts, reports DigiTimes. According to industry sources, the alliance named IP Life Consortium will allow TV stations worldwide to set up Ultra HD infrastructure with lower costs. Reference Link

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