Seeking Alpha

Cisco Systems, Inc. (CSCO)

  • Nov. 12, 2010, 3:55 PM
    It's not all bad in networking, given Juniper's (JNPR) stock price is +3.88 %. It had a record backlog in Q3, with revenue up 23% to $1B from Q3 the prior year, note analysts. In contrast to Cisco's (CSCO) anemic guidance, the analysts predict that Juniper's sales will grow in 2011 to $4.7B.
    | Comment!
  • Nov. 12, 2010, 8:21 AM
    Investors are apparently killing the messenger when it comes to Cisco (CSCO), note analysts. All Cisco did was to state the obvious: there is high unemployment, state and local governments are slashing budgets, and ISPs aren't building out their networks. This may just be a market reality check.
    | Comment!
  • Nov. 11, 2010, 2:19 PM
    Hewlett-Packard (HPQ) will pay $16.2M to settle a federal suit claiming it violated bidding rules to win technology contracts with two Texas school districts. While H-P has promised to behave better, its stock price is still -2.9 %, making it one of the companies worst-affected by Cisco's (CSCO) gloomy earnings report.
    | Comment!
  • Nov. 11, 2010, 9:36 AM
    Amid the spreading carnage of Cisco's (CSCO) Q1 stumble, it appears a select few remain unaffected: Cisco insiders who dumped 60% of their stock in the past half year. "But hey who could possibly have known?" asks a market watcher. "Then again, it appears with Cisco, it's always a good time to sell."
    | 1 Comment
  • Nov. 11, 2010, 9:16 AM
    The fallout from Cisco's (CSCO) disappointing Q1 results and gloomy outlook has spread to component suppliers, rivals, and even large tech companies that rely on corporate IT budgets. However, Cisco, down -16.7% premarket, appears to be taking the most of the collective abuse.
    | Comment!
  • Nov. 11, 2010, 9:00 AM
    Premarket gainers: LVLT +9%. GERN +8%. DNDN +6%. IR +4%.
    Losers: ANW -43%. CSCO -17%. MITI -11%. SOLF -10%. RINO -9%. IRE -9%. AIB -8%. TSEM -8%. EXK -8%. CLNE -7%. LLNW -7%. JNPR -6%. ALU -6%. ALTR -5%. GKK -5%. BRCM -4%. CTIC -4%. WPI -4%. TTM -4%. GLP -4%. PCBC -4%. AMSC -4%. STD -4%. ASML -4%.
    | Comment!
  • Nov. 11, 2010, 9:00 AM
    Premarket tech gainers: LVLT +9%.
    Losers: CSCO -17%. TSEM -8%. LLNW -7%. JNPR -6%. ALTR -5%. BRCM -4%. AMSC -4%. ASML -4%.
    | Comment!
  • Nov. 11, 2010, 8:32 AM
    Adding insult to injury: Deutsche Bank cuts Cisco (CSCO) to Hold from Buy, Wunderlich Securities cuts Cisco to Hold from Buy, and William Blair cuts Cisco to Market Perform. Shares -16.7% premarket. (see also: I, II, III)
  • Nov. 11, 2010, 7:38 AM
    Cisco (CSCO) continues to plummet after disappointing investors yesterday with a dismal revenue outlook and narrow earnings beat (I, II). Shares -15.9%.
  • Nov. 10, 2010, 5:21 PM
    Cisco's (CSCO) FQ1 gross margin came in at 62.8%, significantly lower than the 64% whisper number. Shares are down 11.2% in heavy post-market trading, mostly in reaction to CEO John Chambers' cautious comments on capital spending. Analyst Erik Suppiger: "Cisco's broad market presence leaves it highly exposed to macroeconomic trends, which have not been favorable."
  • Nov. 10, 2010, 4:07 PM
    Cisco Systems (CSCO): FQ1 EPS of $0.42 beats by $0.02. Revenue of $10.75B in-line. "We have seen capital spending moderate in some areas of our business." Shares -3.5% AH. (PR)
  • Nov. 10, 2010, 9:15 AM
    Market Preview: Futures provide little indication, with benchmark S&P +0.1%. Today's better-than-expected jobless claims and narrowed trade balance would normally be enough to boost futures, but investors are in a holding pattern ahead of tomorrow's G-20 kick-off. Later: EIA petroleum/natgas numbers, and earnings from CSCO.
    | Comment!
  • Nov. 10, 2010, 12:10 AM
    Notable earnings after Wednesday's close: CSCO
    | Comment!
  • Nov. 9, 2010, 3:29 PM
    Analysts say tomorrow Cisco (CSCO) will report Q1 earnings of 40 cents per share on sales of $10.7B, up from 30 cents per share on revenues of $9B in Q1 last year. High-tech bellwether Cisco is also diversifying to become a more consumer-oriented company - its "umi" home videoconference system goes on sale next week.
    | Comment!
  • Nov. 5, 2010, 2:32 PM
    Cisco (CSCO) CEO John Chambers advocates cutting taxes on U.S. firms that want to repatriate foreign profits: "At least temporarily reducing the incremental tax rate on foreign earned profits would encourage companies to invest in the U.S. $1T is roughly the amount of earnings that American companies have in their foreign operations - an amount larger than the original stimulus."
  • Oct. 24, 2010, 4:02 PM
    Big companies are quickly adopting cloud computing, writes Barron's, which is great news for computer-service providers like AMZN, GOOG and MSFT, but could spell disaster for Corporate America's hardware and software suppliers. Those with the most to lose: HPQ, DELL, ORCL, CSCO, IBM.
Visit Seeking Alpha's
CSCO vs. ETF Alternatives
Company Description
Cisco Systems Inc is engaged in designing, manufacturing and selling of Internet Protocol (IP) based networking products and services related to the communications and information technology (IT) industry.