Tech industry icon Cisco Systems (CSCO) updated long-term guidance at an investor day for CSCO stock on June 4. Its outlook included the purchase of software company Splunk (SPLK) for $28 billion in cash.
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(Reuters) – Cisco Systems shares rose about 4% before the bell on Thursday after an upbeat fourth-quarter forecast signaled further stabilization in networking equipment demand and benefits from its $28 billion deal for cybersecurity firm Splunk. The world’s largest networking equipment maker had struggled with sluggish demand as customers adjusted piled up inventory from frenetic […]
(Bloomberg) — Cisco Systems Inc. gained about 5% in extended trading after giving a solid sales and profit forecast for the current quarter, indicating that customers are beginning to invest in their computer networks again. Most Read from Bloomberg Sales will be $13.4 billion to $13.6 billion in the fiscal fourth quarter, which ends in […]
Cisco Systems (CSCO) on Wednesday reported fiscal third-quarter earnings and revenue that fell from a year earlier but topped consensus estimates as product orders improved from a year earlier. The company’s sales guidance for Cisco stock in the current July-ending quarter came in above expectations. X The computer networking giant reported financial results after the […]
(Reuters) -Cisco Systems forecast fourth-quarter revenue above Wall Street estimates on Wednesday as the network equipment maker benefits from a pick up in enterprise spending and easing supply chain constraints. The company’s shares rose 5% in trading after the bell. Cisco has been benefiting from an increase in spending, with companies trying to boost their […]
Tech giant Cisco Systems has joined Microsoft and IBM in signing on to a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good. Cisco Systems chief executive Chuck Robbins signed the document, known as the Rome Call, and met privately with Pope Francis, the Vatican said. The […]
ROME (AP) — Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common good. Cisco Systems chief executive Chuck Robbins signed the document, known as the Rome Call, and met privately with Pope Francis, the […]
One of the more up-and-down veteran tech stocks of this year, Cisco Systems (NASDAQ: CSCO), had a very pleasant up trading session Tuesday. The networking equipment company’s share price climbed nearly 4% higher on an analyst’s price target bump. That was a solid gain compared to the S&P 500 index, which only managed to inch […]
Recently, I’ve spotted several article headlines warning Nvidia (NASDAQ: NVDA) investors to be cautious because its stock’s recent big run-up shares key similarities with Cisco Systems (NASDAQ: CSCO) stock’s huge run-up in the 1990s before it crashed in 2000 when the dot-com bubble burst. In just one year, Cisco stock plummeted 77% after hitting its […]
One of the most outspoken investors on Wall Street is Cathie Wood, the founder of ARK Invest. Wood is best known for making big bets in emerging areas of technology and healthcare. In a shareholder letter published earlier this month, she suggested that Nvidia (NASDAQ: NVDA) could end up like Cisco in the aftermath of […]
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