Cisco Systems, Inc. (NASDAQ:CSCO) J.P. Morgan Global Technology, Media and Communications Conference May 20, 2024 1:50 PM ET Company Participants Scott Herren - Executive Vice President and Chief Financial Officer Conference Call Participants Samik Chatterjee - Executive Director, J.P. Morgan Samik Chatterjee Good afternoon, everyone. I'm Samik Chatterjee, I cover hardware and networking companies at J.P. Morgan. For the next fireside chat, we have the pleasure of hosting Cisco. And I have with me Scott Her ...

On the search for high-quality stocks at low prices? Consider taking a look at dividend stocks at a 52-week low. Sure, at first, you may find it to be a red flag that a particular stock is trending lower at a time when the Dow Jones Industrial Average is hitting new highs and the broad market is trending higher.Yet, while plenty of stocks hitting new lows are doing so for a good reason, this is not universal. Plenty of them have been knocked lower, due to the market overreacting to negative company-specific ...

Did you analyze how Cisco Systems (CSCO) fared in its international operations for the quarter ending April 2024? Given the widespread global presence of this seller of routers, switches, software and services, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and gro ...

The stock market is experiencing significant gains, with major indices reaching record highs. Notably, the Dow Jones, the broader S&P 500, and the NASDAQ have all achieved unprecedented levels. The Dow, in particular, has captured attention by surpassing the 40,000 threshold for the first time in history.As the first half of 2024 draws close, some stocks still have upside potential and will likely attract increased buying pressure. This potential rally is supported by signs of a cooling economy, easing infl ...

Cisco Systems (CSCO) reported third-quarter fiscal 2024 non-GAAP earnings of 88 cents per share, which beat the Zacks Consensus Estimate by 6.02%. The bottom line fell 12% year over year.Revenues decreased 12.8% year over year to $12.70 billion but beat the consensus mark by 1.71%. Product revenues (71% of total revenues) decreased 18.6% on a year-over-year basis to $9.02 billion.Splunk contributed $413 million of total revenues in the reported quarter. Networking revenues declined 27% year over year to $6. ...

Tech prime Cisco Systems (CSCO) reported robust third-quarter fiscal 2024 results, beating both earnings and revenue estimates. It provided upbeat guidance for the ongoing quarter and the fiscal year.CSCO shares jumped about 5% in after-market hours. In the pre-market trading, the stock moved up nearly 5% at the time of writing. The smooth trading is expected to continue in the ETF world as well, thereby making ETFs with the largest allocation to this networking giant compelling. The ETFs include iShares U. ...

Key PointsCisco Systems struggled in Q3, but signs of normalization and a return to growth are present. Analysts like what they see and are helping to support the market. Capital returns are safe, reliable, and expected to grow. 5 stocks we like better than Cisco SystemsCisco Systems' NASDAQ: CSCO headwinds are diminishing, opening the door to a rebound and sustainable rally that could lift the share price by double-digits. While end-market inventory normalization is still underway in the networking segment ...

Cisco Systems Inc (NASDAQ:CSCO) beat fiscal third-quarter earnings and revenue expectations, and also issued strong 2024 and fourth-quarter revenue forecasts. The tech giant attributed the upbeat results to higher enterprise spending, as well as easing supply chain constraints. Nevertheless, CSCO reversed its premarket gains, last seen down 2.2% to trade at $48.56.The security is also brushing off three price-target hikes, including Oppenheimer's adjustment to $58 from $54. The majority of analysts are stil ...

Cisco Systems, Inc. (NASDAQ:CSCO) Q3 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Sami Badri - Head of IR Chuck Robbins - Chair and CEO Scott Herren - CFO Gary Steele - Cisco's EVP and GM of Splunk Conference Call Participants Amit Daryanani - Evercore Simon Leopold - Raymond James Tal Liani - Bank of America David Vogt - UBS Meta Marshall - Morgan Stanley James Fish - Piper Sandler Samik Chatterjee - JPMorgan Matt Nicknam - Deutsche Bank George Notter - Jefferies Ittai Kidron ...

Wednesday, May 15th, 2024Most major stock market indices are at all-time highs as of Wednesday’s close. Today’s CPI report for April set the stock market alight from the moment of its release prior to the opening bell — and this was coming off an all-time-high close for the Nasdaq just yesterday. This CPI report put the domestic inflation trajectory back on the “soft landing” path, where it had veered away from somewhat over the previous two months, and now the Dow, Nasdaq and S&P 500 are at their highest c ...