Cisco (CSCO) volatility increases into Q4 and outlook
- Wall Street closes higher as investors digest earnings, megacap outlook
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises as dollar slips, focus shifts to economic data
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- SAP Q1 results fall short of Wall Street estimates as transformation kicks off
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
Drexel Hamilton Raises Price Target on Cisco Systems (CSCO) Following 4Q Beat
August 18, 2016 8:43 AM EDTDrexel Hamilton reiterated a Buy rating on Cisco Systems (NASDAQ: CSCO), and raised the price target to $37.00 (from $36.00), following the company's 4Q earnings report. Cisco reported sales of $12.64 billion that beat the consensus estimate at $12.57 billion and pro forma EPS of $0.63 was better than the... More
Needham & Company Remains Sidelined on Cisco Systems (CSCO) Following 4Q and Guide Down
August 18, 2016 7:35 AM EDTNeedham & Company reiterated a Hold rating on Cisco Systems (NASDAQ: CSCO) following the company's 4Q earnings report. Cisco noted a 6% decline in Service Provider orders and stated on the call they had little visibility in this sector. Guidance of down 1% to up 1% pro-forma for the... More
William Blair Reiterates Outperform on Cisco Systems (CSCO) Following Solid 4Q Results
August 18, 2016 6:55 AM EDTWilliam Blair reiterated an Outperform rating on Cisco Systems (NASDAQ: CSCO) following the company's 4Q earnings report. CSCO reported a $67 million revenue beat compared to consensus. EPS beat estimates by $0.03. Strength in the quarter was led by security, data center switching, collaboration, wireless,... More