UBS Remains Bullish on Cisco Systems (CSCO) Following 4Q15

Cantor Fitzgerald Raises Price Target on Cisco Systems (CSCO) Following 4Q EPS Beat

August 13, 2015 9:51 AM EDT

Cantor Fitzgerald reiterated a Buy rating on Cisco (NASDAQ: CSCO), and raised the price target to $38.00 (from $36.00), following its 4Q15 earnings report. Cisco reported sales of $12.84 billion that beat consensus at $12.66 billion. EPS of $0.59 was above consensus at $0.56. Cisco expects 1Q16 sales to be $12.49-12.73 billion, and projects EPS to be $0.55-0.57 (consensus is... More

Wall St. ends flat as energy shares drop with oil

August 13, 2015 7:34 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks finished flat on Thursday as a drop in energy shares offset a rebound in retail sales and stronger-than-expected Cisco results.

The S&P energy index dropped 1.4 percent, leading the decline in the S&P 500, as U.S. crude oil prices slid to a 6-1/2-year low.

The S&P consumer discretionary index rose 0.6 percent, the most among the major 10 S&P sectors, but it had been higher earlier.

U.S. retail sales rose in July, while the trend of weekly jobless claims pointed to... More

After-Hours Stock Movers 08/12: (SUNE) (CSCO) (SEDG) Higher; (BDMD) (FANG) (CDW) Lower (more...)

August 12, 2015 5:30 PM EDT

Paragon Offshore (NYSE: PGN) 21.1% HIGHER; reported Q2 EPS of $0.57, $0.36 better than the analyst estimate of $0.21. Revenue for the quarter came in at $393.2 million versus the consensus estimate of $393.92 million.

BG Medicine (NASDAQ: BGMD) 18.9% LOWER; intends to offer and sell equity securities in an underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual... More

Market Wrap: Markets Fend-off Further Yuan Slump; ITG Enters 'Dark Pool' Settlement; Cisco Ramps on Results; Pearson OKs Economist Group Sale

August 12, 2015 5:26 PM EDT

Market wrap for August 12th

End of the Day: S&P 500 up 2.0 to 2,086.05; Dow Jones down 0.3 to 17,402.51; Nasdaq up 7.6 to 5,044.39

Market Brief: Stocks moved into positive territory late Wednesday as they looked to stave off broader pressure tied to China devaluing the yuan.

Macy's slumped amid mixed data points; the retailer's Q2 results laggest expectations, while it also announced expansion deals, which included a flagship store on Alibaba's Tmall.

Alibaba itself was hit after missing consensus Q2 estimates.

Ceres and... More

Strong U.S. sales help Cisco beat estimates

August 12, 2015 4:11 PM EDT

By Arathy S Nair and Anya George Tharakan

(Reuters) - Network equipment maker Cisco Systems Inc (NASDAQ: CSCO) reported higher-than-expected quarterly revenue and profit as strong demand for its products in the United States more than offset weakness elsewhere.

Shares of Cisco, considered a bellwether for the performance of the broader network gear industry, rose nearly 4 percent in extended trading on Wednesday.

The company is the market leader in selling network equipment to businesses, controlling about half of the $38 billion global market and overshadowing rivals Hewlett-Packard Co (NYSE:... More

Cisco Systems (CSCO) Tops Q4 EPS by 3c, Guides Q1 EPS In-Line

August 12, 2015 4:05 PM EDT

(Updated - August 12, 2015 4:08 PM EDT)

Cisco Systems (NASDAQ: CSCO) reported Q4 EPS of $0.59, $0.03 better than the analyst estimate of $0.56. Revenue for the quarter rose 4% from last year to $12.8 billion versus the consensus estimate of $12.65 billion.

Cisco Systems sees Q1 EPS of $0.55-$0.57 vs the consensus of $0.56.

"I'm stepping into the CEO role at an incredibly exciting time for Cisco. We closed out our fiscal... More

Cisco Systems (CSCO) Ticks to Session Highs Ahead of Q4 Report; Will be First for New CEO Robbins

August 12, 2015 3:34 PM EDT

Cisco Systems (Nasdaq: CSCO) shares are ticking slightly higher late Wednesday heading into the company's FQ415 report, which is expected out after markets close.

Consensus estimates call for Cisco to post Q4 EPS of $0.56 with revenue of $12.65 billion, from EPS of $0.55 and revenue... More

Wall St. ends near flat after late-day rally

August 12, 2015 7:39 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks rebounded in afternoon trading on Wednesday to end little changed as energy shares and Apple bounced back, offseting continued concerns about a slowdown in China.

The S&P energy index climbed 1.9 percent, the S&P 500's biggest positive, as investors grabbed energy companies shares, encouraged by a bounce up in oil prices from six-year lows hit the previous session. Energy companies have reeled in recent weeks on concerns about China, a top consumer of energy and commodities.

Apple (NASDAQ:... More

Trading Radar for 8/12: Alibaba (BABA), Cisco (CSCO), Macy's (M), News Corp. (NWSA), Wayfair (W) Report

August 11, 2015 2:20 PM EDT

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

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

Earnings:

AdCare Health Systems (NYSE: ADK) - no Street consensus
Alibaba (NYSE: BABA) - consensus EPS $0.58
American DG Energy (Nasdaq: ADGE) - no Street consensus
Applied Industrial Technologies (NYSE: AIT) - consensus EPS $0.73
Aramark Services (Nasdaq:... More