|Bid||0.00 x 4000|
|Ask||0.00 x 4000|
|Day's range||45.90 - 46.81|
|52-week range||43.40 - 58.26|
|Beta (5Y monthly)||1.17|
|PE ratio (TTM)||18.05|
|Earnings date||12 May 2020|
|Forward dividend & yield||1.44 (3.09%)|
|Ex-dividend date||01 Apr 2020|
|1y target est||52.50|
Earnings reports from NVIDIA and Cisco, a stay order on the JEDI contract, Facebook's app to compete with Pinterest and other stories are covered in this daily.
Facebook Inc said on Friday it had canceled its global marketing summit scheduled for next month in San Francisco due to coronavirus-related risks. "Out of an abundance of caution, we canceled our global marketing summit due to evolving public health risks related to coronavirus," a company spokesman said. Earlier this week, Mobile World Congress (MWC), the annual telecoms industry gathering in Barcelona, was canceled after a mass exodus by exhibitors on coronavirus fears.
If Washington thinks US tech companies are about to jump at the idea of building a new national champion in the 5G mobile communications business, it probably needs to think again. The idea was pitched last week by William Barr, attorney-general, as an antidote to what the White House has come to see as its Huawei problem: that allowing a Chinese-owned company to dominate the mobile communications infrastructure market will present an unacceptable national security risk. Among the most natural companies to lead such a push would be Cisco Systems, the leading maker of data networking gear.
Cisco's (CSCO) second-quarter fiscal 2020 results reflect weakness in the service provider, enterprise and commercial end markets as well as sluggish customer spending.
The chief executive of Cisco Systems has ruled out the idea of taking control of telecoms equipment makers Nokia and Ericsson, dealing a blow to the Trump administration’s latest bid to counter the rise of Chinese equipment maker Huawei. Chuck Robbins, head of the US networking equipment maker, said that building the infrastructure for 5G mobile networks — a big part of the European groups’ operations — did not fit Cisco’s financial profile or strategy. in Nokia of Finland and Sweden’s Ericsson to help build a stronger competitor to Huawei, which is viewed by Washington as a national security threat.
Cisco is altogether too relaxed about its recent slowdown in sales. Chief executive Chuck Robbins says he feels “confident” and “really good”. Cisco, the biggest maker of routers, switches and other kit needed to connect computers, is facing problems that software companies are not.
Cisco (CSCO) delivered earnings and revenue surprises of 1.32% and 0.16%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
Cisco reported on Wednesday fiscal second-quarter results that topped consensus estimates, but offered a gloomy outlook on revenue. Cisco had reported EPS of $0.84 on revenue of $13.16 billion in the previous quarter. The company guided earnings in the range of 79 cents to 81 cents per share, with revenue expected to decline 1.5% to 3.5% in the fiscal third quarter year on year.
Networking equipment maker Cisco Systems registered a 4 per cent slide in revenue in its latest quarter and predicted a further contraction in the current period, extending a slowdown in spending that hit its business in the second half of last year. Shares in Cisco fell almost 5 per cent in after-market trading on Wednesday, leaving its market value some 15 per cent lower than six months ago. The company blamed the contraction on increasing economic and geopolitical uncertainties, leading customers to delay spending on new gear.
Investing.com - Our Senior Analyst Jesse Cohen gives us his top five things to know in financial markets on Wednesday, February 12, including:
Federal Reserve Chairman Jay Powell heads to Capitol Hill for another day of testimony in front of Congress and Cisco reports earnings Wednesday.
Strength in Security solutions, and robust adoption of Webex services are expected to have driven Cisco's (CSCO) second-quarter fiscal 2020 performance.