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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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December 18, 2014
09:06 EDTCSCOCisco price target raised to $32 from $29 at RW Baird
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December 17, 2014
10:35 EDTCSCOBlackBerry expands enterprise application portfolio
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December 11, 2014
15:31 EDTCSCOCisco CEO: CIA report won't hurt company, trusted worldwide
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December 10, 2014
10:10 EDTCSCOCisco intends to acquire security advisory company Neohapsis
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07:36 EDTCSCOCisco to hold a conference
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December 9, 2014
10:23 EDTCSCOOn The Fly: Analyst Initiation Summary
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08:19 EDTCSCOCisco outlook has improved, says RBC Capital
RBC Capital believes that Cisco's negative catalysts are diminishing. The firm thinks the stock is being boosted by its successful efforts to keep its gross margin at or above the 61%-62% range, as well as a rebound in its switching business. RBC recommends buying the stock on dips and keeps a $29 price target and Outperform rating on the name.
07:41 EDTCSCOBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 9 at 10:40 am; not all company presentations may be webcasted. Webcast Link
06:39 EDTCSCOCisco initiated with an Outperform at Wedbush
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December 8, 2014
12:40 EDTCSCOUS Supreme Court to hear appeal in patent fight with Cisco
The U.S. Supreme Court has agreed to hear an appeal of a controversial appeals court decision that set aside a $63.8M patent infringement verdict won by The Woodlands, Texas-based Commil USA LLC against Cisco
08:40 EDTCSCODeutsche Bank and Cisco to host a conference call
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08:02 EDTCSCOAruba says NHS replaces Cisco network with Aruba wireless infrastructure
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07:49 EDTCSCOArista Networks lawsuit not as threatening as believed, says SunTrust
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07:32 EDTCSCORaymond James to hold a conference
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07:03 EDTCSCOArista Networks patent resolution likely 2-3 years away, says Citigroup
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