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News Breaks
February 13, 2013
17:46 EDTCSCOCisco CEO: Tone among business and political leaders is 'cautious optimism'
On Cisco's (CSCO) Q2 earnings conference call, CEO John Chambers noted that in his recent conversations with global business and government leaders, the tone was "cautious optimism." Chambers did not, however, expect that optimism to translate into immediate GDP growth. He said the company's gross margins continue to be very stable, operating margins are strong, and expenses are growing in line with revenue growth. The global recovery in Europe continues to be soft, especially in the southern regions. On a positive note, Chambers said Enterprise and U.S. commercial orders continue to improve, which he thinks is an early indicator of future GDP growth. CFO Frank A. Calderoni said the company continued to see strong growth across all geographic regions, with the U.S. federal business continuing to be the most challenging in terms of market. Some stabilization was seen in Europe, but it was still too early to call it a recovery. Wireless continues to be one of the company's fastest growing businesses, with revenue growth of 27%, the fifth consecutive quarter of record revenue. Overall, management said it was confident with the financial model, believes Cisco is in a position of strength, and remains focused on execution.
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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