Cisco (CSCO) PT Lowered to $40 at Deutsche Bank Following Mixed 3Q
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William Blair Reiterates Outperform Rating on Cisco Systems (CSCO); '3Q Beat & 4Q Lower on Marco Headwinds, Order Weakness'
May 19, 2017 11:20 AM EDTWilliam Blair reiterates Outperform rating on Cisco (NASDAQ: CSCO) following the company's third quarter earnings report.
Analyst Jason Ader notes the company delivered third quarter earnings per share and revenue results above estimates and the Street's consensus, but saw disappointing fourth quarter... More
Cisco (CSCO) FVE Lowered to $34 at MKM Partners on 3Q Results; 'Soft Guidance Due to Weak Orders Across Major Geographies & Verticals'
May 18, 2017 11:23 AM EDTMKM Partners lowered its fair value estimate on Cisco (NASDAQ: CSCO) to $34.00 (from $35.00) while maintaining a Neutral rating, following the company's third quarter earnings announcement.
Analyst Michael Genovese notes the company delivered third quarter earnings per share and revenues results above consensus, despite... More
Cisco (CSCO) PT Lowered to $33 at Pacific Crest
May 18, 2017 8:51 AM EDTPacific Crest lowered its price target on Cisco (NASDAQ: CSCO) to $33.00 (from $34.00) while maintaining a Overweight rating following April quarter.
Despite some limited upside to consensus in switching and routing, and strong deferred revenue growth of 13% led by a shift in Cisco ONE... More
Cisco (CSCO) PT Lowered to $29 at Instinet Following 3Q Report
May 18, 2017 7:17 AM EDTInstinet lowered its price target on Cisco (NASDAQ: CSCO) to $29.00 (from $30.00) while maintaining a Neutral rating. Cisco delivered $11.9bn in 3Q sales compared with the consensus estimate of $11.9bn. EPS of $0.60 came in ahead of consensus of $0.58.
4Q Guidance for a 4-6% sales... More
Cisco Systems (CSCO): Not As Bad As The Headline Implies - Citi
May 18, 2017 7:02 AM EDTCiti analyst, Jim Suva, reiterated his Buy rating on shares of Cisco (NASDAQ: CSCO) but cut his price target to $36 from $37 after good results were overshadowed by a concerning outlook.
Cisco reported April quarterly results which beat consensus but the sales... More
Options expected to have increasing volume: CSCO GPS AMAT CRM ROST DE MCK FL
May 18, 2017 5:18 AM EDTOptions expected to have increasing volume: CSCO GPS AMAT CRM ROST DE MCK FL
... MoreAfter-Hours Stock Movers 05/17: (GLYC) (P) (INCY) Higher; (ASNA) (SMRT) (CSCO) Lower (more...)
May 17, 2017 6:02 PM EDTToday's After-Hours Movers:
GlycoMimetics, Inc. (NASDAQ: GLYC) 37.4% HIGHER; announced that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy designation for treatment of adult relapsed/refractory acute myeloid leukemia (AML) to the companys drug candidate GMI-1271, an E-selectin antagonist currently being evaluated in the Phase 2 portion of a Phase 1/2 clinical trial in patients with AML. The U.S. Food and Drug Administration (FDA) had previously granted Orphan Drug designation and Fast Track Status for GMI-1271 in AML.
ascena retail group, inc.... More
Cisco revenue forecast disappoints; says to cut 1,100 more jobs
May 17, 2017 4:12 PM EDT(Reuters) - Cisco Systems Inc (NASDAQ: CSCO) forecast current-quarter revenue that widely missed analysts' estimates and said it would cut 1,100 more jobs, as the world's largest networking gear maker steps up efforts to transform into a software-focused company.
Shares of the Dow component fell 8.2 percent to $31.05 in after-market trading on Wednesday. The stock had closed down 1.4 percent in regular trading, compared with the 1.78 percent slump in the index .
Cisco, which announced in August that it would slash 5,500 jobs, said the new cuts would result in $150 million in additional pretax charges.
... MoreCisco Systems (CSCO) Tops Q3 EPS by 2c, Sees Q4 Sales Down 4-6%
May 17, 2017 4:06 PM EDTCisco Systems (NASDAQ: CSCO) reported Q3 EPS of $0.60, $0.02 better than the analyst estimate of $0.58. Revenue for the quarter came in at $11.9 billion versus the consensus estimate of $11.9 billion.
Q3 Revenue: $11.9 billion -- Decrease of (1)% year over year -- Recurring revenue was 31%... MoreActive options: CSCO TWTR ABX CL VRX GS TGT MSFT
May 17, 2017 2:40 PM EDTActive options: CSCO TWTR ABX CL VRX GS TGT MSFT
... MoreCisco (CSCO) call put ratio 3 calls to 1 put into Q3 EPS
May 17, 2017 11:25 AM EDTCisco Systems (NASDAQ: CSCO) May call option implied volatility is at 55, June is at 29; compared to its 52-week range of 12 to 30 into the expected release of Q3 today.
... MoreCisco Systems (CSCO) call put ratio 2.65 calls to 1 put into Q3
May 16, 2017 12:58 PM EDTCisco Systems (NASDAQ: CSCO) 30-day call option implied volatility of 20 compares to volatility of 18 from a month ago into Q3 EPS
... More