New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on CSCO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 22, 2014
15:07 EDTCSCOEarnings Preview: Microsoft to report after Nadella makes big job cuts
Subscribe for More Information
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.
July 15, 2014
08:35 EDTCSCOCisco announces multi-year sales, go-to-market agreement with Microsoft
Cisco (CSCO) announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets. The companies will focus on integrating market leading technologies, including Cisco Unified Computing System, Cisco Nexus switching and Microsoft Cloud OS solutions including Windows Server, System Center, SQL Server and Microsoft Azure.
05:53 EDTCSCOStocks with implied volatility movement; CSCO WMT
Stocks with implied volatility movement; Cisco (CSCO) 23, Wal-Mart (WMT) 13 according to iVolatility.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use