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Cisco Systems, Inc. stock price
Cisco Systems, Inc. latest news:
Arista stock falls after earnings beat
Arista Networks Inc. shares declined from record highs in late trading Thursday despite revealing stronger-than-expected fourth-quarter earnings. The networking company disclosed net income of $103.8 million, or $1.29 a share, on sales of $467.9 million, up from $328 million a year ago. After adjusting for litigation costs involving larger rival Cisco Systems Inc. as well as stock-based compensation and other effects, Arista claimed profit of $1.71 a share, up from $1.04 a share in the same period last year. Analysts on average had predicted adjusted earnings of $1.42 a share on sales of $463 million, according to FactSet. Arista predicted sales of $450 million to $468 million in the current quarter, while analysts were projecting $457 million, according to FactSet. After closing at a record high for a fourth consecutive session Thursday, shares declined more than 10% in after-hours trading immediately following the report.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.
Boeing's stock surges, adding over 70 points to the Dow's price
Shares of Boeing Co. shot up 3.1% in afternoon trade, to provide the biggest boost to the Dow Jones industrial Average's price, after European rival Airbus SE reported upbeat results. The aerospace giant's price gain of $10.56 was adding about 73 points to the Dow, which was up 211 points. The Dow's biggest percentage gainer was Cisco Systems Inc.'s shares , which rallied 4.4% after better-than-expected quarterly results, but the price gain of $1870 only added 13 points to the Dow. Apple Inc.'s stock was up 3.2% to be the second-biggest percentage gainer, with its $5.28 price gain adding 36 points to the Dow. Earlier Wednesday, Airbus's France-listed shares shot up 10.3% Thursday, after the company said it "overachieved on its 2017 guidance for all key performance indicators" amid record deliveries. Boeing's stock had soared 35.2% over the past three months, while Airbus shares have climbed 8.6% and the Dow has rallied 7.9%.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.
US stocks keep gaining as tech, industrial companies rise
US stocks are rising as Cisco Systems and Apple lead gainers among technology companies and industrial companies including also Boeing rise.
Cisco tops estimates as turnaround takes center stage
- Cisco Systems Inc (CSCO) reported its first rise in quarterly revenue in more than two years and forecast upbeat current-quarter profit, as the network gear maker's years-long efforts to transform into a software-focused company begins to pay off. Shares of the Dow component, which also benefited from growth in its switching business, jumped 7.1 percent to $45.09 in after-market trading on Wednesday.
UPDATE 2-Cisco tops estimates as turnaround takes center stage
Feb 14 (Reuters) - Cisco Systems Inc reported its
first rise in quarterly revenue in more than two years and
forecast upbeat current-quarter profit, as the network gear
maker's years-long efforts to transform into a software-focused
company begins to pay off.
Cisco stock approaches post-2000 highs after earnings show revenue growth again
Cisco(CSCO) hikes dividend 14%, adds $31 billion to share buybacks while breaking six-quarter streak of sales declines. Cisco Systems Inc. (CSCO) shares rallied to price levels the company hasn't seen since the dot-com bust Wednesday in extended trading after the networking giant's earnings and outlook topped Wall Street estimates and showed revenue growth for the first time in more than a year and a half. Cisco (CSCO) shares surged 5.5% to $44.41 after hours on heavy volume, which would be the...
Cisco beats estimates, boosts buyback program by $25 billion
(Reuters) - Cisco Systems Inc reported its first rise in quarterly revenue in more than two years, which also topped analysts' estimates, as the network gear maker's years-long efforts to transition to a software-focused company begins to take hold.
BRIEF-Cisco Q2 GAAP Loss Per Share $1.78
Cisco Systems Inc(CSCO): * CISCO REPORTS SECOND QUARTER EARNINGS. * Q2 NON-GAAP EARNINGS PER SHARE $0.63. * Q2 GAAP LOSS PER SHARE $1.78. * Q2 REVENUE ROSE 3 PERCENT TO $11.9 BILLION. * SEES Q3 2018 GAAP EARNINGS PER SHARE $0.50 TO $0.55. * CISCO(CSCO) - QTRLY GAAP RESULTS INCLUDE AN $11.1 BILLION CHARGE RELATED TO ENACTMENT OF TAX CUTS AND JOBS ACT.
Cisco shares rally 5% on earnings beat, outlook, shareholder returns
Cisco Systems Inc. shares rallied in the extended session Wednesday after the networking tech giant's earnings and outlook topped Wall Street estimates and the company announced a hike in its dividend and share buyback program. Cisco shares surged 5.3% to $44.30 after hours. The company reported fiscal second-quarter loss of $8.78 billion, or $1.78 a share, compared with net income of $2.35 billion, or 47 cents a share, in the year-ago period. Adjusted earnings, excluding $11.1 billion in charges from the U.S. tax overhaul, were 63 cents a share. Revenue rose to $11.89 billion from $11.58 billion in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 59 cents a share on revenue of $11.81 billion. For the fiscal third quarter, Cisco estimates earnings of 64 cents to 66 cents a share on revenue of $12.3 billion to $12.54 billion. Analysts expect earnings of 63 cents a share on revenue of $12.13 billion. Separately, Cisco announced a 14% hike to its quarterly dividend to 33 cents a share, and an authorization to buy back an additional $25 billion in shares, raising the total authorization to $31 billion.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 posts loss on $11.1 billion tax-related charge
(Reuters) - Network gear maker Cisco Systems Inc posted a net loss on Wednesday due to an $11.1 billion charge related to recent changes to the U.S. tax law.
Microsoft tops Thomson Reuters top 100 global tech leaders list
Jan 17 (Reuters - Thomson Reuters Corp on Wednesday
published its debut "Top 100 Global Technology Leaders" list
with Microsoft Corp in the no. 1 spot, followed by
chipmaker Intel Corp and network gear maker Cisco
Why Shares of Cisco Systems Surged 27% in 2017
The networking hardware stalwart's switch to a recurring-revenue model started to show signs of progress.
JPMorgan, Cisco Systems Lead the DJIA Higher Tuesday
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