In the latest trading session, Cisco Systems (CSCO) closed at $52.73, marking a +0.42% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.97%. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.45%.The the stock of seller of routers, switches, software and services has risen by 7.82% in the past month, lagging the Computer and Technology sector's gain of 8.21% and overreaching the S&P 500's gain of 5.41%.Market participants will be closely fol ...

For Immediate ReleasesChicago, IL – October 8, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Meta Platforms, Inc. (META) , Cisco Systems, Inc. (CSCO) and Philip Morris International Inc. (PM) , Earth Science Tech, Inc. (ETST) and Frequency Electronics, Inc. (FEIM) .Here are highlights from Tuesday’s Analyst Blo ...

Group 1: Cisco Systems - Cisco Systems is a tech giant with a comprehensive portfolio of Internet Protocol-based networking products and services, serving various sectors including businesses, public institutions, and governments [2] - The company has a dividend yield of 3.03%, an annual dividend of $1.60, and a dividend increase track record of 13 years, indicating a commitment to shareholder value [3] - Cisco's current P/E ratio of 17.65 is below the industry average of 38.5, suggesting potential undervaluation of its future earnings [4] - Cisco's MarketRank score places it in the 98th percentile, indicating strong financial health and growth potential [4] Group 2: Dow Inc. - Dow Inc. is a global leader in specialty chemicals and advanced materials, offering a dividend yield of 5.06% and an annual dividend of $2.80, reflecting its commitment to shareholder returns [6][7] - The company has faced challenges but has seen a stock price increase of approximately 115% over the past four years, indicating a strong foundation for growth [8] - Dow's diversified product portfolio and focus on innovation drive its current valuation, with analysts predicting a 5% upside on the stock [8] Group 3: Chevron Corp. - Chevron Corp. is a leading integrated energy company with a dividend yield of 4.32% and a 37-year track record of increasing dividends, showcasing its stability [10][11] - The recent acquisition of Hess Corp. for $53 billion is expected to enhance Chevron's growth trajectory, despite facing legal challenges [11] - Chevron reported earnings of $4.4 billion for the second quarter of 2024, with a global production increase of 11%, demonstrating strong fundamentals [12]

Company Overview - Cisco Systems has agreed to invest in CoreWeave, a prominent AI startup valued at $23 billion [1] - CoreWeave is planning a secondary transaction allowing existing shareholders to sell $400 to $500 million in shares [1] - CoreWeave is considering an IPO as early as next year [1] - CoreWeave's investors include Nvidia, Magnetar Capital, Coatue Management, Jane Street, and Fidelity [1] - CoreWeave is an early adopter of Nvidia's data center graphic chips and is building data centers based on these chips to support AI-related computing tasks [1] Industry Dynamics - Cisco aims to ensure a major role for its technology in the rapidly expanding data center sector, which it believes will boost demand for its networking products [2] - CoreWeave initially started as a cryptocurrency mining company but transitioned to cloud computing services by leveraging large purchases of Nvidia graphic cards, strengthening its relationship with Nvidia over time [2] - Nvidia's support for CoreWeave could disrupt the current cloud computing market dominated by giants like Amazon AWS, Microsoft Azure, and Google Cloud, reflecting Nvidia's potential to influence the $2 trillion market [2]

Cisco Systems Inc. (CSCO, Financial) has announced a strategic investment in Coreweave, a cloud service provider, valuing the company at an impressive $23 billion. This move signifies Cisco's confidence in Coreweave's business model and growth prospects. Coreweave specializes in high-performance computing solutions tailored for diverse clients, capitalizing on cloud technology to offer scalable and efficient services.This investment underscores Cisco's commitment to expanding its influence in the rapidly gr ...

Remote-First-Company | NEW YORK CITY, Oct. 01, 2024 (GLOBE NEWSWIRE) -- VAST Data, the AI data platform company, today announced it has extended its collaboration with Cisco (NASDAQ: CSCO), the leader in enterprise networking and security, to further simplify AI deployments for enterprises. Through this growing partnership, Cisco plans to offer the VAST Data Platform natively on select Cisco Unified Computing System (UCS) servers as an integrated solution via Cisco’s global sales team and network of channel ...

While Cisco Systems Inc. CSCO may not be making loud headlines, it's quietly setting the stage for a strong technical breakout. With a Golden Cross in play, tech analyst Jim Lebenthal of Cerity Partners recently tipped Cisco stock on CNBC’s ‘Halftime Report Final Trades’ predicting the stock will "quietly hit a fresh high for the year." Chart created using Benzinga ProThis optimism comes even as Cisco's 2024 has been marked by significant layoffs. The company reduced its headcount by 7% in August after an e ...

OSLO, Norway, Sept. 30, 2024 /PRNewswire/ -- Photocure ASA (OSE: PHO), the Bladder Cancer Company, announces that its partner Asieris Pharmaceuticals (SSE: 688176) communicated that international multicenter Phase III clinical study data for its non-surgical treatment candidate Cevira® (APL-1702) for cervical High-Grade Squamous Intraepithelial Lesion (HSIL) has been published by the 27th Chinese Society of Clinical Oncology (CSCO) Annual Meeting as a poster, focusing on the analysis of different age subgro ...

Cisco Systems (CSCO) closed the latest trading day at $52.85, indicating a +0.38% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.6%.Prior to today's trading, shares of the seller of routers, switches, software and services had gained 5.62% over the past month. This has outpaced the Computer and Technology sector's gain of 0.91% and the S&P 500's gain of 1.71% ...

News Summary: Cisco and the University of Ottawa partner to arm engineering students with job-ready training needed for IT roles after graduation.Cisco’s Certified Network Associate certification (CCNA), an industry-recognized credential, will be integrated into the university’s Computer and Software Engineering programs, and equipment will be provided to support cybersecurity research.Closing Canada’s skills gap requires collaboration between the public and private sector to build a robust pipeline of netw ...