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News For FFIV;CSCO From The Last 14 Days Check below for free stories on FFIV;CSCO the last two weeks. |
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| May 16, 2013 |
| 07:07 EDT |  | CSCO | Cisco results positive for communications semi space, says William Blair
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| 06:23 EDT | | CSCO | Cisco price target raised to $26 from $24 at Wunderlich
Wunderlich raised its price target for Cisco following the company's better than expected Q3 results and continues to recommend the stock with a Buy rating. |
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| May 15, 2013 |
| 19:34 EDT |  | CSCO | On The Fly: After Hours Movers
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| 17:15 EDT | | CSCO | Cisco up $1.82, or 8.58%, to $23.03 as Q3 conference call continues
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| 16:58 EDT | | CSCO | Cisco sees Q4 non-GAAP gross margins to be approximately 61%-62%
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| 16:55 EDT | | CSCO | Cisco continues to see company specific challenges in China
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| 16:54 EDT |  | CSCO | Cisco sees Q4 EPS 50c-52c, consensus 51c
Sees Q4 revenue growth 4%-7% YoY, consensus $12.5B. Guidance taken from company's Q3 earnings conference call. |
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| 16:51 EDT | | CSCO | Cisco says Q3 public sector business grew 5%
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| 16:46 EDT | | CSCO | Cisco sees SP CapEx spending continuing to be challenged
This information is from the company's Q3 earnings conference call. |
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| 16:42 EDT | | CSCO | Cisco reports Q3 total non-GAAP gross margin 63% vs.63.1%
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| 16:41 EDT | | CSCO | Cisco Q3 services revenue grew 7%
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| 16:09 EDT | | CSCO | Cisco Q3 cash flows from operations $3.1B vs. $3B a year ago
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| 16:09 EDT |  | CSCO | Cisco trades higher after results, first look
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| 16:06 EDT | | CSCO | Cisco reports Q3 EPS 51c, consensus 49c
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| 15:11 EDT | | CSCO | Notable companies reporting after market close
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| 12:47 EDT | | CSCO | Earnings Preview: Cisco shares moving in narrow range ahead of Q3 report
Cisco (CSCO) is set to report Q3 earnings after the market closes on Wednesday, May 15, 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 49c on revenue of $12.18B, according to First Call. The consensus range for EPS is 47c-51c on revenue of $12.05B-$12.29B. On its Q2 earnings conference call, the company said it sees Q3 adjusted EPS 48c-50c on revenue growth of 4%-6% year-over-year. The company also said it sees Q3 adjusted gross margin approximately 61%-62%, and non-GAAP operating margin of 26.5%-27.5%. LAST QUARTER: Cisco reported Q2 EPS of 51c against estimates for 48c on revenue of $12.1B against estimates for $12.06B. In mid-March, Cisco was found not to have infringed patents held by VirnetX (VHC), and on March 22, Bloomberg reported that Cisco was ordered to pay $70M in fraud damages to XpertUniverse. On March 28, the company announced a 3c increase in its dividend to 17c per share. On April 3, Cisco announced its intent to acquire Ubiquisy, a provider of 3G and LTE small-cell technologies, for $310M, and the transaction is expected to close in Q4. STREET RESEARCH: Street research has been mixed on Cisco, with shares of the company losing more than 3% on March 21 following a downgrade to Underperform from Market Perform at FBR Capital. With its March 21 downgrade, FBR cut its price target on shares of Cisco to $17 from $22, saying the company would be challenged to offset declining routing and switching demand. Earlier this week, however, FBR reversed its March call, upgrading Cisco to Market Perform from Underperform and bumping its price target to $19. Earlier this week, Piper Jaffray said it expects Cisco to report Q3 EPS in-line with estimates, though the firm lowered its revenue estimates for the company. In its note, Piper said macro headwinds will offset favorable data center and switching demand, leaving Cisco with a mixed Q3 report, though the firm reiterated its Overweight rating and $25 price target on shares. Coverage on Cisco shares was also initiated by at least two firms during the quarter, with Cowen initiating coverage with an Outperform rating earlier this month and Northland Securities initiating coverage on Cisco with an Outperform rating and a $25.50 price target the day after Cisco's Q2 report. PRICE ACTION: Shares of Cisco have traded in a narrow range between $20-$22 per share since its Q2 report, gaining a scant 0.4%. Shares of Cisco, which are up about 8% year-to-date, are near flat in afternoon trading ahead of its Q3 report. |
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| 08:33 EDT |  | CSCO | Cisco May volatility elevated into Q3 and outlook
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| May 13, 2013 |
| 10:09 EDT |  | CSCO | On The Fly: Analyst Upgrade Summary
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| 07:34 EDT | | CSCO | Cisco upgraded to Market Perform from Underperform at FBR Capital
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| 07:31 EDT |  | CSCO | Brightcover to host a conference
3rd Annual Brightcove PLAY Global Customer Conference is being held in Boston on May 13-15. |
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