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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, 2015
08:06 EDTCSCOCisco should report strong July quarter results, says Oppenheimer
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July 29, 2015
10:36 EDTCSCOLockheed Martin launches healthcare technology alliance
Lockheed Martin (LMT) announced the formation of a new healthcare technology alliance, combining the expertise of health IT providers, medical technology companies, and academic institutions to advance public health. The Lockheed Martin Healthcare Technology Alliance's founding members include: Cisco (CSCO), Cloudera, Illumina (ILMN), Intel (INTC) and Montgomery College. The members of the Lockheed Martin Healthcare Technology Alliance will collaborate on technology solutions that help improve care in rapidly evolving and growing areas of health technology such as those that: secure patient medical information; leverage advances in genomic research; and apply big data solutions to improve public health.
July 27, 2015
11:18 EDTCSCOCisco's new CEO names Biri Singh as CTO, Kevin Brandy as CDO
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July 26, 2015
15:07 EDTCSCOCisco CEO to add 'key external hires' to management team, Barron's says
Cisco CEO Chuck Robbins told Barron's in an interview that "I think itís fair to say I bring the ability to move faster [than predecessor John Chambers] just in how I structure the teams and how I will interact with them," adding that he plans "some key external hires," potentially in cloud computing and security. The publication notes that shares of Cisco could jump "sharply higher" if investors start looking at Cisco's potential strength in the Internet-of-Things space. Reference Link
14:44 EDTCSCOAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
06:17 EDTCSCOCisco new CEO says to exit Q4 with headcount up
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July 23, 2015
06:15 EDTCSCOTechnicolor to acquire Cisco's connected devices unit for EUR550M
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July 21, 2015
14:24 EDTCSCOEarnings Watch: EMC reports amid M&A speculation in sector
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