The revenue earned from advertising enables us to provide the quality content you are trying to reach on this website. In order to view this page, please disable AdBlock or purchase Premium. The „Halftime Report“ traders give their top picks to watch for Forex the second half. Jeff Kilburg, KKM Financial, joins ‚The Exchange‘ to discuss Cisco, Micron and Nvidia’s quarterly earnings results. Cisco’s fiscal first-quarter results reflect strength across Secure, Agile Networks, as well as security solutions.
Further, the company offers a range of service and support options for its customers, including technical support and advanced services and advisory services. It serves businesses of various sizes, public institutions, governments, and service providers. The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. has strategic alliances with other companies.
MarketBeat has tracked 50 news articles for Cisco Systems this week, compared to 13 articles on an average week. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Highlights important summary options statistics to provide a forward looking indication of investors‘ sentiment. The Barchart Technical Opinion rating is a 24% Buy with a Weakening short https://dotbig.com/markets/stocks/CSCO/ term outlook on maintaining the current direction. The Dogs of the S&P 500 is a little-known strategy for income investors that focuses on this year’s weakest sectors to find the highest yields and low values. Sales are holding up for the networking hardware company, but there are also some signs of trouble. Realtime quote and/or trades are not sourced from all markets.
Cisco Systems 1Q Revenue Above Expectations While Profit Shrinks — Earnings Review
A rebound refers to a recovery from prior negative economic or financial activity. For a security, a rebound means that it has moved higher from a lower price. The on-balance volume accumulation-distribution indicator topped out ahead of price in June 2019 and entered a distribution wave into September. OBV posted a lower high with price in February 2020 and dropped vertically into https://dotbig.com/ a 14-month low. Buying pressure since that time has covered about three-quarters of the distance back to the high, just like price. As a result, investor sentiment is providing neither a tailwind nor a headwind at this time. The subsequent uptrend finally reached the 2008 high in 2015, yielding a third quarter breakout that posted healthy gains into the July 2019 high at $58.26.
- Corrections can happen to individual assets, like an individual stock or bond, or to anindexmeasuring a group of assets.
- Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.
- (calculated from actual period earnings estimates revision (80% weight) and previous period earnings surprise (20% weight)).
- As investments carry risk, you should do your own research and consider getting advice from a licensed tax or financial advisor before making an investment decision.
- The infrastructure platforms group includes hardware and software products for switching, routing, data center, and wireless applications.
Cisco Systems Inc.’s stock rose in extended trading Wednesday after the networking-technology company delivered better-than-expected numbers on the top and bottom line, and offered encouraging guidance. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a https://twitter.com/forexcom?lang=en stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.
The Wall Street Journal
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries.
FactSet predicts Cisco will earn 82 cents per share on $12.73 billion in revenue. Cisco estimated an October profit of 82 cents to 84 cents, compared. Alan Farley is a writer and contributor for Cisco Systems Incorporated stock TheStreet and the editor of Hard Right Edge, one of the first stock trading websites. He is an expert in trading and technical analysis with more than 25 years of experience in the markets.
Cisco Layoffs 2022: What to Know About the Latest CSCO Job Cuts
View analysts price targets for CSCO or view top-rated stocks among Wall Street analysts. First-quarter sales for Cisco’s infrastructure platforms segment declined 15% year over year to come in at $6.43 billion. Applications revenue declined 5% year over year to $1.36 billion, but security revenue climbed 6% to $776 million. The company continued to make progress transitioning its software products to a subscription-based model. Subscriptions accounted for 74% of total software revenue in the quarter, up from 65% in the prior-year quarter. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company’s price per share by its earnings per share.
Is a component of S&P 500, NASDAQ 100, Dow Jones 30, Russell 1000 indices and it is traded on NASDAQ exchange. The company belongs in the Hardware industry, Technology sector and employs people. 20 Wall Street equities research analysts have issued „buy,“ „hold,“ and „sell“ ratings for Cisco Systems in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 10 buy CSCO stock price today ratings for the stock. The consensus among Wall Street equities research analysts is that investors should „hold“ CSCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CSCO, but not buy additional shares or sell existing shares. Cisco plans to build its Webex video conferencing product against Microsoft and Zoom.
The company has EPS estimate of $0.73 for the next earnings report. We continue to root for cooler economic data and trimmer guidance from reporting companies — the better to keep the Fed from raising rates another 75 bps in 4 weeks. Cisco CFO Scott Herren joins Yahoo Finance Live to discuss company earnings, hybrid work environments and office space use, restructuring https://dotbig.com/markets/stocks/CSCO/ plans, M&A strategy, and the outlook for global growth. The Zacks Computer – Networking industry players like CSCO, INFN and RDCM are poised to benefit from accelerated 5G deployment, robust demand for network security and the growing prominence of smart net… Sign up for a Robinhood brokerage account to buy or sell Cisco Systems stock and options commission-free.
Stock Money Flow
Cisco Systems has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. News CSCO stock Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 48.40.The all-time high Cisco stock closing price was 62.01 on December 29, 2021.
Cisco Systems announced that its board has authorized a stock buyback plan on Wednesday, February 16th 2022, which allows the company to buyback $15,000,000,000.00 dotbig in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.4% of its shares through open market purchases.