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 ...

SrdjanPav Introduction Due to recession fears, the market has continued to experience a steep sell-off. Looking at my portfolio, my REIT positions are still doing pretty well. As an income investor, these play an integral part in my ability to live off my dividend income in the next 5-7 years. In chaos, there is always an opportunity, and although the month of August is just beginning, I've taken advantage already, purchasing shares in two dividend-paying companies. In this article, I give investors var ...

Tech stocks, including Internet of Things (IoT) stocks, are having a very tough time lately.Increased market tension is powered by a highly unstable geopolitical environment that has led to a sharp market selloff. However, this environment could offer fertile ground for buying opportunities. Many IoT stocks, which have been beaten down lately, now trade at attractive valuations. They seem well-positioned to keep benefiting from the ongoing trend of “connecting the future.”For context, IoT stocks refer to co ...

Cisco Systems (CSCO) closed the latest trading day at $45.16, indicating a +0.94% change from the previous session's end. This move lagged the S&P 500's daily gain of 1.04%. Meanwhile, the Dow gained 0.76%, and the Nasdaq, a tech-heavy index, added 1.03%.The the stock of seller of routers, switches, software and services has fallen by 2.87% in the past month, leading the Computer and Technology sector's loss of 13.91% and the S&P 500's loss of 6.74%.The investment community will be paying close attention to ...