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Drexel Hamilton Cuts Price Target on Cisco Systems (CSCO) Following 1Q and Soft Guide

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Jefferies Reiterates Buy on Cisco Systems (CSCO) Following 1Q

November 17, 2016 8:14 AM EST

Jefferies reiterated a Buy rating and $35.00 price target on Cisco Systems (NASDAQ: CSCO) following the company's 1Q earnings report. CSCO reported overall sales of $12.352B and EPS of $0.61, beating Street expectations of $12.33B and $0.59, respectively. Management guided for January sales at... More

Wall street stocks lifted by data, earnings Yellen remarks

November 17, 2016 7:39 AM EST

By Sinead Carew

NEW YORK (Reuters) - The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings.

Federal Reserve Chair Janet Yellen, in her congressional testimony, solidified bets that the central bank was on track to raise interest rates in December.

This signaled economic strength and helped consumer stocks as well as financials, said Janna Sampson, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.

... More

Buy Cisco (CSCO) on Weakness Following Lackluster Guidance - Baird

November 17, 2016 6:53 AM EST

Baird analyst Jayson Noland said they would be buyers on Cisco (NASDAQ: CSCO) on today's likely weakness following results and lower guidance. The firm maintained an Outperform rating and price target of $35.

Noland commented, "Cisco posted a decent FQ1 but guided... More

Cisco Systems (CSCO): Weak Guidance Forces Estimate Cuts - Needham

November 17, 2016 6:52 AM EST

Needham & Company analyst, Alex Henderson, reiterated his Hold rating on shares of Cisco (NASDAQ: CSCO) after weak guidance compels the analyst to cut estimates for the January quarter and later periods. Service revenues are likely flat to up slightly Q-Q and the... More

After-Hours Stock Movers 11/16: (NTAP) (HAIN) (AMGN) Higher; (LEI) (FSLR) (CSCO) Lower (more...)

November 16, 2016 6:02 PM EST

Today's After-Hours Stock Movers

Lucas Energy (NYSE: LEI) 22.3% LOWER; files prospectus related to 6 million common shares for selling shareholders.

First Solar (NASDAQ: FSLR) 11.3% LOWER; Raises FY16 EPS Guidance by 30c, Lowers FY17; Reports $500M-$700M Impairment Charges

NetApp (NASDAQ: NTAP) 10.6% HIGHER; reported Q2 EPS of $0.60, versus the analyst estimate of $0.54. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion. GUIDANCE: NetApp sees Q3 2017 EPS of... More

Cisco's profit forecast misses estimates, shares slip

November 16, 2016 4:18 PM EST

By Aishwarya Venugopal

(Reuters) - Cisco Systems Inc (NASDAQ: CSCO) forecast adjusted profit for the current quarter below analysts' estimate as the company's traditional business of switches and routers continues to struggle with sluggish demand.

Shares of the world's largest networking gear maker fell more than 4 percent in extended trading.

Cisco has been beefing up its wireless and security businesses to offset weakness in its traditional switching unit, which is also facing intense competition from... More

Cisco Systems (CSCO) Tops Q1 EPS by 2c; Guides Q2 EPS Below Views

November 16, 2016 4:06 PM EST

Cisco Systems (NASDAQ: CSCO) reported Q1 EPS of $0.61, $0.02 better than the analyst estimate of $0.59. Revenue for the quarter came in at $12.4 billion versus the consensus estimate of $12.33 billion.

GUIDANCE:

Cisco Systems sees Q2 2017 EPS of $0.55-$0.57, versus the consensus of... More

Cisco Systems (CSCO) option implied volatility elevated into Q1 and outlook

November 16, 2016 12:57 PM EST

Cisco Systems (NASDAQ: CSCO) November 32 calls and November 31.50 puts are active on total call volume of 31K contracts (31K puts) into Q1. November call option implied volatility is at 67, December is at 22; compared to its 52-week range of 14 to 41.

... More

Trading Radar for 11/16: Cisco Systems (CSCO), Lowe's (LOW), Target (TGT), JinkoSolar (JKS), Meritor (MTOR) Report

November 15, 2016 3:17 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

PPI - Street sees 0.3%Core PPI - Street sees 0.2%

9:15am EST

Industrial Production - Street sees 0.2%Capacity Utilization - Street sees... More

Cisco (CSCO) implied volatility increases to 51 into Q1 and outlook

November 15, 2016 12:56 PM EST

Cisco Systems (NASDAQ: CSCO) November call option implied volatility is at 51, December is at 25; compares to 52-week range of 14 to 42 into the expected release of Q1 on November 16.

... More