The tech stock selloff that began last month took the wind out of the sails of many previous high fliers.
When it comes to retirement, setting a goal is important. Many investors may be looking for capital appreciation for their assets, looking to grow their assets faster than inflation over a given time frame.
The Nasdaq 100 closed lower by over 300 points during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
If you are a Cisco (NASDAQ:CSCO) investor and took advantage of its recent run-up following the company's better-than-expected Q4 FY'24 results, it may be time to look elsewhere. As of this moment, we find TC Energy (NYSE:TRP) – an operator of energy infrastructure in Canada, the United States, and Mexico, and AerCap Holdings (NYSE:AER) – an aviation leasing company, as more attractive buys than Cisco.
Key Points: Mass layoffs, especially in tech, are tied to companies missing out on the AI boom.
IBM's enterprise AI platform, paired with its consulting business, is winning over larger customers. Cisco is making progress selling its AI networking technology to hyperscalers.
After tech giant Cisco announced plans for its second round of layoffs this year, employees tell TechCrunch that they will not know if they are affected for close to a month.
Cisco Systems reported a strong end to FY24 with sequential growth in networking equipment sales as customer inventory digestion occurs. Management laid out the groundwork for the next generation of Cisco as the firm undergoes a major restructuring to enhance their AI networking capabilities. Despite a dimming macroeconomic environment, Cisco is well-positioned for growth as enterprises invest in faster bandwidth capabilities for AI/ML testing and inferencing.
Evaluate Cisco's (CSCO) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Recently, Zacks.com users have been paying close attention to Cisco (CSCO). This makes it worthwhile to examine what the stock has in store.
Cisco Systems NASDAQ: CSCO is a U.S. technology firm and is the world's largest company in the communications equipment industry. Shares have seen significant underperformance compared to its sector, down 4%.
Cisco stock currently trades at $48.50 per share, roughly 17% below its pre-inflation shock high of $58.70 seen on December 29, 2021. Cisco's product sales have witnessed a slowdown as customers focused on utilizing the inventory purchased post the Covid-19 pandemic.