- Cisco Systems, Inc. stock price today and history
Cisco Systems, Inc. (CSCO) stock prices updated...
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Cisco Systems, Inc. stock price, CSCO
Cisco Systems, Inc. stock chart:
Cisco Systems, Inc. close price: 33.45
Stock price forecast:
DOWN TO -0.39%
Total forecasts: 82
Reached: 12 (14.63%)
Total Win: 4.21 (12.33%)
Showing 1-10 of 568 items.
|Date of Forecast||Stock Price||Target Price||Forecast Reached Date|
Cisco Systems, Inc. latest news:
Stocks open lower as investors grapple with chaos in the White House
U.S. stocks opened lower on Thursday, extending the previous session's hefty losses as fresh political turmoil stoked fears that President Donald Trump's economic agenda was in jeopardy. The S&P 500 opened 3 points, or 0.1%, lower at 2,353. The Nasdaq Composite was down 12 points, or 0.2%, to 5,999 at the open. The Dow Jones Industrial Average began the session down 38 points, or 0.2%, at 20,568. Among the worst performers on Wall Street, Cisco Systems dropped nearly 9% in early trade after the company forecast a drop in quarterly revenue.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Cisco adds more layoffs as federal government spending slows down
Cisco Systems Inc. said in an earnings report Wednesday that it would add 1,100 layoffs to its previously announced total of 5,500. Reports ahead of the original announcement suggested Cisco would lay off 14,000 people. The news came as Cisco provided a weak forecast that hurt its stock, and Chief Executive Chuck Robbins said in a conference call that a slowdown in federal government spending was a large factor in its guidance. Robbins said that lack of budget visibility was hurting Cisco's large business with the U.S. federal government, with about 1 point of the 4% to 6% revenue decline Cisco guided for attributable to that business. Cisco's stock dropped even more after Robbins laid out the reasons, with shares declining more than 7.5% in late trading.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Cisco Systems Inc Q3 GAAP earnings per share $0.50
* Q3 revenue $11.9 billion versus I/B/E/S view $11.89
Cisco forecasts weak revenue, shares fall
(Reuters) - Cisco Systems Inc , the world's largest networking gear maker, forecast current-quarter revenue below analysts' estimates, sending its shares down 5 percent in extended trading.
Cisco drops 5% after forecast shows revenue decline increasing
Cisco Systems Inc. shares dropped in late trading Wednesday after the networking giant said revenue would decline at a faster rate in the current quarter. Cisco beat earnings estimates for its fiscal third quarter, reporting net income of $2.52 billion, or 50 cents a share, on sales of $11.94 billion. After adjusting for stock-based compensation and other effects, Cisco claimed earnings of 60 cents a share. Analysts on average expected adjusted earnings of 58 cents a share on sales of $11.9 billion, according to FactSet. The company said that revenue for the current quarter would decrease 4% to 6% year-over-year, however, after a 1% decline in the previous quarter. That suggests a revenue total of $11.9 billion to $12.1 billion, while analysts were forecasting a sales total of $12.5 billion on average, according to FactSet. Cisco said it expects adjusted earnings in a range of 60 cents to 62 cents a share for the current quarter, while analysts expect 62 cents a share on average. Cisco stock fell more than 5% in late trading after closing with a 1.4% decline at $33.83. Shares have gained 27.2% in the past year, while the S&P 500 index has increased 17.3% in that time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
CORRECTED-A scramble at Cisco exposes uncomfortable truths about US cyber defense
SAN FRANCISCO, March 29 (Reuters) - When WikiLeaks founder
Julian Assange disclosed earlier this month that his
anti-secrecy group had obtained CIA tools for hacking into
technology products made by U.S. companies, security engineers
at Cisco Systems swung into action.
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