New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 15, 2014
11:50 EDTCSCOBear case on Cisco appearing more and more wrong, says Bernstein
After Cisco reported stronger than expected Q3 results, Bernstein thinks the company is already showing signs of recovery. The firm expects the stock to be boosted by a pronounced recovery in IT spending and improved sentiment towards the name, with both likely occurring in 2H14. Bernstein reiterates a $30 price target and Outperform rating.
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.
1 | 2 | all recent CSCO news | >>
August 14, 2014
07:47 EDTCSCOCisco price target raised to $33 from $30 at Cowen
Subscribe for More Information
07:34 EDTCSCOCisco price target raised to $29 from $26.50 at UBS
UBS raised its price target on Cisco to $29 from $26.50 following its Q4 results. The firm sees continued momentum in several markets and products and strong cash flow and keeps its Buy rating on Cisco shares.
06:23 EDTCSCOCisco multiple prices in growth potential, says Citigroup
Subscribe for More Information
05:56 EDTCSCOCisco earnings outlook could prove conservative, says Wells Fargo
Subscribe for More Information
05:52 EDTCSCOOpco sees Cicso results as favorable for supply chain
Subscribe for More Information
05:39 EDTCSCOCisco shares have little downside risk, says Piper Jaffray
Subscribe for More Information
August 13, 2014
18:55 EDTCSCOOn The Fly: After Hours Movers
UP AFTER EARNINGS: Aspen Technology (AZPN), up almost 3% after reporting better than expected Q4 results and giving Q1 and FY15 guidance on its earnings conference call. ALSO HIGHER: Kindred Healthcare (KND), up more than 1% after Point72 reported a 5.1% passive stake in the company. DOWN AFTER EARNINGS: Cisco Systems (CSCO), down 1.2% after reporting Q4 results, giving Q1 guidance, and announcing that it is cutting 8% of its workforce... Noodles & Company (NDLS), down 21.2% after reporting Q2 results and "tempering" its FY14 outlook... Conatus Pharmaceuticals (CNAT), down 13.6% after reporting Q2 results and announcing it is deferring the results of its NAFLD/NASH clinical trial to 1Q15. ALSO LOWER: Amgen (AMGN), down 2.15% after announcing the Phase 3 Kyprolis FOCUS clinical trial did not meet its primary endpoint.
17:18 EDTCSCOCisco sees cutting 6,000 jobs or 8% of workforce
Subscribe for More Information
17:01 EDTCSCOCisco sees Q1 adjusted EPS 51c-53c, consensus 53c
Sees Q1 adjusted operating margin 27.5%-28.5%. Sees Q1 adjusted gross margin 61%-62%.
16:44 EDTCSCOCisco doesn't see emerging markets growth for several quarters
Subscribe for More Information
16:38 EDTCSCOCisco sees Q1 revenue flat to up 1%, consensus $12.08B
Subscribe for More Information
16:32 EDTCSCOCisco repurchased approximately 61M shares of common stock in Q4
Subscribe for More Information
16:20 EDTCSCOCisco reports Q4 product revenue $9.53B
Subscribe for More Information
16:08 EDTCSCOCisco reports Q4 cash flow from operations $3.6B
Subscribe for More Information
16:06 EDTCSCOCisco reports Q4 EPS 55c, consensus 53c
Subscribe for More Information
15:05 EDTCSCONotable companies reporting after market close
Subscribe for More Information
14:54 EDTCSCOEarnings Preview: Cisco reports following Deutsche upgrade, Pac Crest downgrade
Cisco Systems (CSCO) is scheduled to report fourth quarter results after the market close on Wednesday, August 13, with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 53c on revenue of $12.14B, according to First Call. The consensus range for EPS is 51c-54c on revenue of $11.8B-$12.25B. Along with its last quarterly report, Cisco guided to Q4 adjusted EPS of 51c-53c and said it expects its revenue to be down 1% to 3% in the quarter compared to the prior year. At that time, the company also said it sees its FY14 adjusted EPS to come in at the higher end of its previously communicated $1.95-$2.05 range. LAST QUARTER: On May 14, Cisco reported third quarter adjusted EPS of 51c, beating the consensus analyst forecast of 48c. It's revenue came in at $11.5B, topping the $11.38B consensus forecast. Cisco reported a Q3 adjusted gross margin of about 62.7%. NEWS: On June 17, Cisco announced its intent to acquire privately held Tail-f Systems, whose products help service providers and enterprise IT organizations easily and cost-effectively implement applications, network services and solutions across networking devices. Upon completion of the acquisition, which is expected to be complete in Q4, Tail-f employees will join Cisco's Cloud and Virtualization Group. About two weeks later, tech blog Gigaom reported that Cisco has acquired British firm Assemblage for technology that uses real-time collaboration that does not require the user to download programs or plug-ins. On July 15, Cisco 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 stated. STREET RESEARCH: On May 21, Northland said that after speaking with Cisco's management and attending Cisco Live, the firm believed that the company is taking share form Arista Networks (ANET), which has since come public. The firm added that it did not believe that Juniper (JNPR) has gained traction in data center switching and it recommended Cisco as a cyclical recovery play and a relative bargain to peers. About a week later, Deutsche Bank upgraded its rating on Cisco shares to Buy from Hold, citing expectations that the company's new product ramps in FY15 and FY16 will be stronger than expected. Deutsche said then that it saw upside to consensus estimates and raised its price target for Cisco shares to $30 from $25. On July 28, Pacific Crest downgraded its rating on Cisco shares to Sector Perform from Outperform, citing valuation and concern that the company's margin expansion could moderate in 2015. The firm believes Cisco shares are fairly valued at $26. Less than a week ago, Morgan Stanley said its checks indicate the enterprise market is improving. The firm said it expects Cisco's outlook to be conservative and said concerns over rapid software-defined networking adoption and margin impact are overblown. Morgan Stanley has an Overweight rating with a $30 price target on Cisco. PRICE ACTION: In the last three months, Cisco has advanced about 9.5%. In afternoon trading ahead of tonight's report, Cisco shares are down 0.5% to $25.01.
14:19 EDTCSCOCisco August 25 straddle priced for 4.7% move into Q4
10:43 EDTCSCOOptions with increasing implied volatility
Options with increasing implied volatility: PSEC CSCO XONE NDLS
07:22 EDTCSCOGoldman pushes Cisco head to step-up software, Bloomberg says
Subscribe for More Information
1 | 2 | all recent CSCO news | >>

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