Cisco Systems, Inc. (CSCO)
Cisco: Surprisingly Positive Reaction, Still A Zombie
Cisco Systems stock has been stagnant for months, barely reaching $50 despite a recent pop. Revenues down 10% but services revenue up 6% with Splunk contributing $960 million. Margins improved but operating expenses up 12% and net income down 45%, cautious optimism for future Cisco performance.
Cisco shares head for best day since 2020 on earnings beat, plans to cut 7% of workforce
Cisco shares jumped on Thursday and headed for their best day since March 2020. The company announced Wednesday it's cutting 7% of its workforce and reported quarterly results that beat analyst estimates.
12 Quotes From Cisco Systems 4th Quarter Earnings That Every Investor Should Read
Cisco Systems (NASDAQ:CSCO) 4th quarter earnings beat analyst estimates with revenue surpassing $13 billion due to robust customer demand across AI, cloud, and cyber security.
Cisco (CSCO) Q4 Earnings Top Estimates, Revenues Fall Y/Y
Cisco's (CSCO) fiscal fourth-quarter results reflect weakness in the Networking segment, partially offset by strong Security and Services performance.
Cisco cuts thousands of jobs, 7% of workforce, as it shifts focus to AI, cybersecurity
Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year, as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity.
Watch These Cisco Price Levels as Stock Surges After Strong Earnings, Job Cuts
Shares in Cisco Systems (CSCO) jumped in premarket trading Thursday after the technology and networking company released earnings that topped Wall Street's estimates and announced that it's cutting 7% of its global workforce.
Tech Wreck 2024: 3 Oversold Stocks to Buy for the Next Decade
Even after last week's nice relief rally, there are several oversold stocks out there that may make sense to buy in mid-August. Whether or not the relief bounce kicks into high gear, it's hard not to act on many names that are close to the cheapest they've been in many months.
Cisco Systems, Inc. (CSCO) Q4 2024 Earnings Call Transcript
Cisco Systems, Inc. (NASDAQ:CSCO ) Q4 2024 Earnings Conference Call August 14, 2024 4:30 PM ET Company Participants Sami Badri - Head of Investor Relations Chuck Robbins - Chair and Chief Executive Officer Scott Herren - Executive Vice President and Chief Financial Officer Conference Call Participants Meta Marshall - Morgan Stanley Tal Liani - BofA Securities Samik Chatterjee - JPMorgan George Notter - Jefferies Amit Daryanani - Evercore ISI Simon Leopold - Raymond James Matt Niknam - Deutsche Bank Ittai Kidron - Oppenheimer Jim Fish - Piper Sandler Ben Reitzes - Melius Research Aaron Rakers - Wells Fargo Adrian Colby - Citi Karl Ackerman - BNP Paribas Operator Welcome to Cisco's Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call. At the request of Cisco, today's conference is being recorded.
Markets Up, Revert Back to Blue Chips, CSCO Beats in Q4
Cisco (CSCO) stock is up +6% in late trading largely on improved guidance, both for next quarter and the full year on the top line.
Cisco (CSCO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Cisco (CSCO) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Cisco's Stock Rallied After It Announced Earnings — and More Layoffs
Cisco Systems (CSCO) is cutting about 7% of its workforce as it pivots to higher-growth areas like cybersecurity and artificial intelligence (AI), the company announced in an SEC filing alongside its fiscal fourth-quarter results.
Cisco to Lay Off More Staff in Second Round of Job Cuts This Year
The cuts could amount to about 6,000 jobs for the San Jose, Calif., maker of computer networking technology.
