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News For LOW;TSN;BMTI;WMGI;ARUN;CSCO From The Last 14 Days Check below for free stories on LOW;TSN;BMTI;WMGI;ARUN;CSCO the last two weeks. |
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| May 15, 2013 | | 16:42 EDT |  | CSCO | Cisco reports Q3 total non-GAAP gross margin 63% vs.63.1%
 Subscribe for More Information | | | 16:41 EDT | | CSCO | Cisco Q3 services revenue grew 7%
Subscribe for More Information | | | 16:09 EDT | | CSCO | Cisco Q3 cash flows from operations $3.1B vs. $3B a year ago
Subscribe for More Information | | | 16:09 EDT |  | CSCO | Cisco trades higher after results, first look
Subscribe for More Information | | | 16:06 EDT |  | CSCO | Cisco reports Q3 EPS 51c, consensus 49c
Subscribe for More Information | | | 15:11 EDT | | CSCO | Notable companies reporting after market close
Subscribe for More Information | | | 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. | | | 08:33 EDT |  | CSCO | Cisco May volatility elevated into Q3 and outlook
Subscribe for More Information | | | May 14, 2013 | | 07:15 EDT |  | TSN | BMO Capital to host a conference
Subscribe for More Information | | | May 13, 2013 | | 10:09 EDT |  | CSCO | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | | 07:34 EDT | | CSCO | Cisco upgraded to Market Perform from Underperform at FBR Capital
Subscribe for More Information | | | 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. | | | 07:09 EDT |  | CSCO | Cisco finds difficulties as it diversifies, WSJ reports
Subscribe for More Information | | | 07:04 EDT | | CSCO | Cisco May volatility elevated at 59 into Q3 and outlook
Cisco May call option implied volatility is at 59, June is at 28, July is at 25; compared to its 26-week average of 26 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results after the market close on May 15. | | | 07:02 EDT |  | CSCO | Cisco Q3 results likely to be mixed, says Piper Jaffray
Piper Jaffray expects Cisco to report in-line Q3 earnings and margins on May 15, but lowered its revenue estimate for the quarter as it believes demand in April was challenging. However, the firm sees limited share downside from current levels and reiterates an Overweight rating on the stock with a $25 price target. | | | 06:52 EDT | | LOW | Lowe's volatility flat; shares near record high into Q1 and revenue outlook
Subscribe for More Information | | | 06:05 EDT | | CSCO | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: U.S. companies are on track to raise the most money through IPOs since before the financial crisis, driven by the same thirst for risk among investors that has pushed the stock market to new highs. Already this year, 64 U.S.-listed public offerings have raised $16.8B, according to Dealogic, the Wall Street Journal reports...Cisco Systems (CSCO) shares fell this time last year after executives warned their biggest corporate customers were ordering less equipment. If history repeats itself this week, the networking giant will join a dreary but growing club (IBM, JNPR), the Wall Street Journal reports...REUTERS: Japan's Nikkei share average surged to a new 5-1/2-year high today as the weakening yen further bolstered exporters, while brokerage shares attracted buyers who see growing volume bringing in much more fee income, Reuters reports...China's factory output growth was surprisingly muted in April, darkening the outlook for the Chinese economic recovery and feeding expectations that the government may take policy action to support activity. Annual industrial output grew 9.3%, up from 8.9% in March but still missing market expectations for a 9.5%, Reuters reports...BLOOMBERG: Wall Street’s major bond dealers are beginning to forecast that the Treasury Department will lower the size of its debt auctions in coming months for the first time in three years as government revenue soars, Bloomberg reports...The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle (NSRGY) to Colgate-Palmolive (CL) will pursue more deals in a nation where household income is forecast to triple this decade, Bloomberg reports. | |
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