Baird Raises Price Target on Cisco Systems (CSCO) Following In-Line 3Q

Drexel Hamilton Reiterates Buy on Cisco Systems (CSCO) Following 3Q - PT to $36

Drexel Hamilton reiterated a Buy rating on Cisco Systems (NASDAQ: CSCO), and raised the price target to $36.00 (from $34.00), following the company's 3Q earnings report. Cisco reported sales of $12.0 billion that met consensus estimates of $11.95 billion and pro forma EPS of $0.57 was better than the consensus'... More

Cisco Systems (CSCO) Solid Quarter Despite Product Softness - UBS

UBS analyst, Steven Milunovich, raised his PT on Cisco (NASDAQ: CSCO) from $29 to $30 after Cisco's report, outlook, and tone were better than expected. Revenue grew 3% YoY while EPS of $0.57 exceeded expectations of $0.55. July quarter guidance of 0-3% and EPS of $0.59-0.61 also are ahead of... More

Cisco Systems (CSCO) PT Increased at Jefferies

Jefferies analyst, George Notter, likes the risk/reward in Cisco (NASDAQ: CSCO) following results. He believes the downside in the stock is limited by:

1) valuation

2) the companys ability to preserve EPS power in difficult macro environments

3) the 3.9% dividend... More

Cisco Systems (CSCO) Earnings Recap, PT up to $33 - RBC

RBC Capital analyst, Mitch Steves, noted that Cisco (NASDAQ: CSCO) reported solid results highlighted by an impressive gross margin beat at 65.2% (vs guide of 62.5-63.5% and RBC at 63.8%). Legacy switching and routing portfolios continue to decline as a percentage of product revenue (44.5% Apr-15 vs.... More

Cisco (CSCO) volatility elevated into better than expected Q3 and outlook

Cisco (NASDAQ: CSCO) is recently up $1.37 to $28.09 in the premarket on better than expected Q3 results and sees Q4 EPS 59c-61c, consensus 58c. May call option implied volatility is at 85, June is at 28; compared to its 52-week range of 15 to 41.

In meeting with Apple's Cook, China regulator stresses security

By Paul Carsten

BEIJING (Reuters) - The head of China's industry and technology regulator stressed Chinese users' security in a meeting with Apple Inc's (NASDAQ: AAPL) chief executive in Beijing, as the U.S. tech titan stumbles in its biggest offshore market.

Apple's Tim Cook began a charm offensive in Beijing earlier this week after his company hit a flurry of problems in China, from weakening smartphone sales to the loss of an iPhone trademark dispute and the suspension of... More

After-Hours Stock Movers 05/18: (RPRX) (AEO) (URBN) Higher; (FLO) (LB) (TSLA) Lower (more...)

Today's After-Hours Movers:

Repros Therapeutics Inc. (Nasdaq: RPRX) 25.6% HIGHER; reported that oral administration of Proellex® at doses of both 6 and 12 mg achieved significant reduction in excessive menstrual bleeding, the key symptom of uterine fibroids.

American Eagle Outfitters (NYSE: AEO) 13.1% HIGHER; reported Q1 EPS of $0.22, $0.04 better than the analyst estimate of $0.18. Revenue for the quarter came in at $749 million versus the consensus estimate of $731.38 million. Consolidated comparable sales increased 6%, following a 7% increase last year. GUIDANCE: American Eagle Outfitters sees... More

Cisco Systems (CSCO) Tops Q3 EPS by 2c; Guides Q4 EPS Above Views

Cisco Systems (NASDAQ: CSCO) reported Q3 EPS of $0.57, $0.02 better than the analyst estimate of $0.55. Revenue for the quarter came in at $12 billion versus the consensus estimate of $11.97 billion.

"We delivered a strong Q3, executing well despite the challenging environment," said Chuck Robbins,... More

Straddle prices for companies reporting financial results this week

Wal-Mart (NYSE: WMT) May 63.50 straddle priced for 4.3% movement into Q1
Cisco (NASDAQ: CSCO) May 27 straddle priced for 4.4% movement into Q3
Salesforce (NYSE: CRM) May 78 straddle priced for 7.4% movement into Q1
Urban... More

Gigamon (GIMO), Arista Networks (ANET) Added to Takeover Basket at Credit Susise

Credit Suisse added Arista Networks (NYSE: ANET) and Gigamon, Inc. (NYSE: GIMO) to the HOLT takeout basket.

The firm reiterated an Outperform rating and $90 price target on ANET and believe that the company has the best secular growth... More

Trading Radar for 5/18: Lowe's (LOW), Cisco (CSCO), Target (TGT), Staple (SPLS), salesforce (CRM) Report

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

Before Markets Open:
Economics:
7:00am EDT

Earnings:

Affimed (Nasdaq: AFMD) - consensus loss $0.17
Analog Devices (NYSE: ADI) - consensus EPS $0.62
Booz... More

Cisco (CSCO) May call volatility elevated into Q3

Cisco (NASDAQ: CSCO) May call option implied volatility is at 72, June is at 20; compared to its 52-week range of 15 to 40, into the expected release of Q3 results on May 18.