Cisco Systems, Inc. CSCO is expected to release earnings results for its fourth quarter, after the closing bell on Wednesday, Aug. 14.Analysts expect the San Jose, California-based company to report quarterly earnings at 85 cents per share, down from $1.08 per share in the year-ago period. Cisco is projected to post revenue of $13.54 billion, compared to $14.45 billion a year earlier, according to data from Benzinga Pro.According to a recent Reuters report, Cisco plans to lay off thousands of employees in a ...

Cisco (NASDAQ:CSCO) is among the large-cap tech stocks that investors may not necessarily pay as close attention to as, say, others in the so-called “Magnificent Seven.” However, the company is seeing significant attention today, with the latest round of Cisco layoffs reportedly set to be carried out soon.This latest round of layoffs will affect at least 4,000 employees. The company is expected to make the official announcement in its upcoming quarterly earnings report, which is due tomorrow.With many tech ...

Cisco Systems Inc CSCO is set to report its fourth-quarter earnings after market hours on Wednesday.Wall Street expects 85 cents in EPS and $13.54 billion in revenues as the company reportsLet’s look at what the charts indicate for Cisco stock, which is down 16.18% over the last year and 10.58% year-to-date. The share price of $45.06 is trading below its five-, 20- and 50-day exponential moving averages. This consistent positioning below key moving averages indicates significant selling pressure. Chart crea ...

Cisco Systems (CSCO) is set to release its fourth-quarter fiscal 2024 results on Aug 14.The company anticipates fourth-quarter fiscal 2024 revenues to be between $13.4 billion and $13.6 billion. Non-GAAP earnings are expected between 84 and 86 cents per share. The Zacks Consensus Estimate for revenues is pegged at $13.52 billion, indicating a decline of 11.07% from the year-ago quarter’s reported figure. The consensus mark for earnings has been steady at 85 cents per share in the past 30 days. CSCO’s earnin ...

robasNetworking infrastructure company Cisco Systems (NASDAQ:CSCO) is set to report earnings this Wednesday. Back in April, I presented my long-term view and analysis of the company. I’d refer back to that for discussion of Cisco's past and overall outlook. This article will zoom in on the latest developments and outlook for this earnings report and going forward. Since my last report, Cisco shares have slipped a few percent in subdued trading. In fact, for the past three years, shares have traded in a ...

kody king Listen below or on the go on Apple Podcasts and Spotify A soft CPI could mean a half-point Fed cut, but also hit stocks. (0:14) Walmart leads retail earnings. (2:33) Disney announces new films, attractions. (6:50) The following is an abridged transcript: Remember inflation? After fixating on the employment situation, the markets will get their fix of consumer and producer prices this week. The big show will be on Wednesday when the July CPI is due. The consensus is for a 0.2% monthly rise ...

Cisco Systems (CSCO) shares have declined 9.3% year to date, underperforming the Zacks Computer & Technology sector’s return of 10.6%. It has been suffering from sluggish networking sales, primarily due to lackluster demand from telecommunication and cable services providers, as well as stiff competition. Cisco’s prospects are further challenged in the AI-driven networking space due to stiffening competition aggravated by Hewlett Packard’s (HPE) pending deal to acquire Juniper.Cisco’s Q4 Forecast CloudyCisc ...

Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company’s fourth-quarter results, said the sources, who were not authorized to speak publicly.Reuters exclusively repo ...

The upcoming report from Cisco Systems (CSCO) is expected to reveal quarterly earnings of $0.85 per share, indicating a decline of 25.4% compared to the year-ago period. Analysts forecast revenues of $13.52 billion, representing a decrease of 11.1% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this t ...

The tech sector has been an area of strength for many years. It’s propelled the S&P 500 and the Nasdaq Composite to new heights. However, there are some tech stocks that don’t have enticing growth prospects anymore. Generating returns in the stock market isn’t just about which stocks you buy. It’s also about which stocks you sell and avoid. The U.S. economy is facing some challenges amid discouraging jobs data and an election cycle. Many stocks are in corrections and present buying opportunities for patient ...