Market Capitalization Changes - Tesla's market capitalization increased by 6.75% to $1,025.4 billion [3] - TSMC's market capitalization rose by 5.93% to $969.7 billion [3] - Tencent's market capitalization grew by 4.66% to $609.8 billion [3] - Netflix's market capitalization decreased by 2.65% to $472.3 billion [3] - Oracle's market capitalization increased by 4.58% to $440.8 billion [3] Notable Performers - Shopify saw a significant increase of 13.7% in market capitalization, reaching $136.2 billion [4] - AppLovin experienced a remarkable rise of 89% to $1.177 billion [4] - AMD's market capitalization increased by 5.13% to $175.3 billion [5] - Uber's market capitalization rose by 6.39% to $184.2 billion [5] Decliners - Pinduoduo's market capitalization fell by 6.14% to $165.2 billion [4] - Xiaomi's market capitalization decreased by 2.11% to $163.4 billion [4] - Spotify's market capitalization declined by 4.23% to $127.3 billion [4] Other Companies of Interest - Adobe's market capitalization increased by 3.3% to $168.7 billion [4] - Qualcomm's market capitalization rose by 4.78% to $167.0 billion [4] - Intel's market capitalization increased by 3.55% to $96.7 billion [5] - Airbnb's market capitalization grew by 5.64% to $828 million [5]

Core Viewpoint - Cisco Systems is expected to report strong third-quarter fiscal 2025 results, driven by improved demand in networking and security products, despite facing some macroeconomic challenges [1][3][5]. Financial Expectations - Cisco anticipates third-quarter revenues between $13.9 billion and $14.1 billion, with non-GAAP earnings expected between 90 and 92 cents per share [1]. - The Zacks Consensus Estimate for revenues is $14.05 billion, reflecting a year-over-year growth of 10.58%, while the earnings consensus is steady at 91 cents per share, indicating a growth of 3.41% year-over-year [2]. Key Growth Drivers - Improved demand for networking products, particularly in switching, enterprise routing, and industrial networking applications, is expected to benefit Cisco's results [3]. - The networking revenue estimate for the fiscal third quarter is $6.76 billion, indicating a 3.6% year-over-year growth [4]. - Cisco's security revenue is estimated at $2.195 billion, showing a significant year-over-year growth of 68.3%, driven by strong demand for solutions like XDR and Secure Access [4][5]. Market Performance - Cisco shares have gained 1% year-to-date, outperforming the Zacks Computer & Technology sector's decline of 8.5% and the Computer Networking industry's return of 0.8% [6]. - However, Cisco's stock is considered to have a stretched valuation, with a forward 12-month P/S ratio of 4.08X, higher than the industry average of 3.89X [9]. Strategic Initiatives - Cisco's investments in AI, cloud, and security are expected to drive growth, with AI infrastructure orders exceeding $700 million in the first half of fiscal 2025 [12]. - The company is leveraging AI across its portfolio, including the launch of the Renewals Agent, an AI-driven solution, and enhancing customer experience through Agentic capabilities [13]. - Cisco's security business is benefiting from strong demand for Cisco Secure Access and XDR, with both solutions gaining over 1,000 customers in the past year [14]. Partnerships and Collaborations - Cisco's partnerships with major companies like Meta Platforms, Microsoft, NVIDIA, and ServiceNow are enhancing its market position [15]. - Collaboration with NVIDIA is expanding Cisco's data center infrastructure portfolio, while the partnership with ServiceNow integrates AI-driven security solutions [16][17]. Conclusion - Cisco's near-term results are expected to benefit from a robust networking and security business, supported by a strong partner ecosystem, despite facing tariff-related and macroeconomic challenges [18].

分析师还将关注思科的人工智能基础设施订单。今年2月，该公司表示，第二财季人工智能订单超过3.5 亿美元，使本财年上半年的订单总额达到约7亿美元。 智通财经APP获悉，思科(CSCO.US)将于周三美股盘后公布第三财季业绩，预计收益和收入将较上年同 期有所增长。分析师平均预计思科第三季度营收为140.6亿美元，同比增长逾10%，调整后净利润为36.6 亿美元，合每股收益0.92美元，高于上年同期的35.5亿美元和0.88美元。 在Visible Alpha跟踪10位分析师中，有3位对这家网络设备供应商的股票给出了"买入"评级，7位维持"持 有"评级，普遍目标价接近67美元，这意味着该股将较上周五收盘价有12%的潜在涨幅。思科的股价 2025年迄今上涨了约2%。 上周二，思科系统公司展示了一款用于量子计算机互联的芯片原型，并宣布将在加利福尼亚州圣莫尼卡 开设新实验室，以进一步探索量子计算领域。这款芯片采用了部分与当前网络芯片相同的技术，能够将 小型量子计算机连接成更大的系统。不过，思科认为在量子计算机尚未普及之前，该芯片就将具备实际 应用价值，例如协助金融机构同步交易时间，或是帮助科学家探测陨石等。 思科是主流科 ...

Core Viewpoint - Analysts project Cisco Systems (CSCO) will report quarterly earnings of $0.91 per share, reflecting a year-over-year increase of 3.4%, with revenues expected to reach $14.05 billion, a 10.6% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised 0.4% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - The consensus estimate for 'Revenue- Product' is $10.06 billion, indicating an 11.5% increase year-over-year [5]. - 'Revenue- Services' is projected to reach $3.82 billion, reflecting a 3.8% year-over-year change [5]. - 'Revenue- Product- Security' is expected to be $2.19 billion, showing a significant increase of 68.3% from the prior-year quarter [5]. - 'Revenue- Product- Networking' is forecasted at $6.76 billion, with a year-over-year change of 3.6% [6]. - 'Revenue- Product- Collaboration' is estimated to reach $1.00 billion, indicating a 1.6% increase from the year-ago quarter [6]. Gross Margin Estimates - Analysts estimate 'Non-GAAP Gross Margin- Service' at $2.71 billion, up from $2.54 billion reported in the same quarter last year [7]. - 'Non-GAAP Gross Margin- Product' is projected to be $6.65 billion, compared to $6.04 billion reported in the same quarter of the previous year [7]. Stock Performance - Over the past month, Cisco shares have returned +5.5%, while the Zacks S&P 500 composite has changed +13.7% [7].

Core Viewpoint - Cisco has developed a quantum network entanglement chip in collaboration with the University of California, Santa Barbara, aiming to enhance connectivity in the quantum era and leverage its role in internet infrastructure [2]. Group 1: Chip Features and Advantages - The entanglement chip operates at standard telecom wavelengths, allowing it to utilize existing fiber optic infrastructure for practical deployment [4]. - It functions as a micro-photonic integrated chip (PIC) at room temperature, making it suitable for scalable system deployment [4]. - The chip consumes less than 1mW of power, showcasing energy efficiency [4]. - Each output channel can produce 1 million high-fidelity entangled pairs, with a rate of up to 200 million entangled pairs per second [4]. Group 2: Strategic Directions - Cisco is building infrastructure for large-scale connectivity of quantum processors, enabling distributed quantum computing, quantum sensing, and optimization algorithms that could revolutionize drug development, materials science, and complex logistics [4]. - The principles of quantum networking are already providing direct benefits to classical systems through applications such as secure communication, precise time synchronization, decision signaling, and secure location verification [4].

Core Viewpoint - Cisco Systems is expected to report a year-over-year increase in earnings and revenues for the quarter ended April 2025, with a consensus outlook indicating potential stock price movement based on actual results compared to estimates [1][2]. Earnings Expectations - The consensus EPS estimate for Cisco is $0.91 per share, reflecting a year-over-year increase of +3.4% [3]. - Expected revenues are projected at $14.05 billion, which represents a 10.6% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 0.18% higher, indicating a positive reassessment by analysts [4]. - The Zacks Earnings ESP for Cisco is +0.82%, suggesting analysts have recently become more optimistic about the company's earnings prospects [10][11]. Earnings Surprise Prediction - A positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Cisco currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [11]. Historical Performance - Cisco has consistently beaten consensus EPS estimates, achieving this in the last four quarters [13]. - In the last reported quarter, Cisco was expected to post earnings of $0.91 per share but delivered $0.94, resulting in a surprise of +3.30% [12]. Conclusion - Cisco is positioned as a compelling candidate for an earnings beat, but investors should consider other factors influencing stock performance ahead of the earnings release [16].

Core Insights - The 2025 Cybersecurity Readiness Index by Cisco reveals that only 4% of organizations globally have reached a 'Mature' level of cybersecurity readiness, indicating a slight improvement from 3% last year, but overall preparedness remains low [2][6] - AI is significantly impacting the security landscape, with 86% of organizations experiencing AI-related security incidents last year, yet only 49% of respondents feel their employees fully understand AI-related threats [3][6] - The report highlights a critical gap in cybersecurity readiness, with 71% of respondents expecting business disruptions from cyber incidents in the next 12 to 24 months [6] Cybersecurity Readiness - Only 4% of organizations worldwide have achieved a mature level of cybersecurity readiness, reflecting a concerning trend in global preparedness [6] - The complexity introduced by AI has led to 86% of organizations facing AI-related security incidents, emphasizing the need for improved understanding and strategies [3][6] - A significant 86% of organizations report a shortage of skilled cybersecurity professionals, which continues to hinder their security efforts [6][12] Threat Landscape - Nearly half of organizations (49%) suffered cyberattacks in the past year, with external threats from malicious actors and state-affiliated groups viewed as more significant than internal threats [4] - Organizations are increasingly concerned about unmanaged devices, with 84% facing heightened security risks due to employees accessing networks from these devices [7] AI's Role in Cybersecurity - A substantial 89% of organizations utilize AI to better understand threats, while 85% use it for threat detection and 70% for response and recovery, highlighting AI's critical role in enhancing cybersecurity strategies [7] - However, 60% of IT teams are unaware of employee interactions with public GenAI tools, indicating a lack of oversight and potential risks [7] Investment and Strategy - While 96% of organizations plan to upgrade their IT infrastructure, only 45% allocate more than 10% of their IT budget to cybersecurity, which has decreased by 8% year-over-year [8] - Organizations are urged to invest in AI-driven solutions, simplify security infrastructures, and enhance awareness of AI threats to effectively tackle current cybersecurity challenges [9]

智通财经APP获悉，周二，思科系统公司(CSCO.US)展示了一款用于量子计算机互联的芯片原型，并宣 布将在加利福尼亚州圣莫尼卡开设新实验室，以进一步探索量子计算领域。 当其他公司都在竞相制造更多的"量子比特"(量子计算机的基本单位)时，思科另辟蹊径，专注于量子计 算机的互联技术。思科表示，这款与加州大学圣巴巴拉分校的研究人员共同开发的芯片，其工作原理是 使成对的光子产生量子纠缠，然后将其中一个光子发送至两台独立的量子计算机。 思科称，在短时间内，无论两台量子计算机相距多远，都能利用这些纠缠光子实现即时通信——这正是 阿尔伯特·爱因斯坦所说的量子物理学中的"幽灵般的超距作用"现象。 潘迪强调，目前思科尚未确定这款芯片何时能带来营收，且它目前只是一个原型。"构建量子网络的第 一个关键组件就是纠缠芯片，"潘迪说道，"而这正是第一步。" 这款芯片采用了部分与当前网络芯片相同的技术，能够将小型量子计算机连接成更大的系统。不过，思 科认为在量子计算机尚未普及之前，该芯片就将具备实际应用价值，例如协助金融机构同步交易时间， 或是帮助科学家探测陨石等。 思科Outshift创新孵化器高级副总裁维乔伊·潘迪表示："这款芯片的 ...

来源： 本文 编译自路透等 ，谢谢。 思科系统公司周二展示了一款用于将量子计算机联网的原型芯片，并表示将在加利福尼亚州圣莫尼 卡开设一个新实验室，以进一步研究量子计算。 如果您希望可以时常见面，欢迎标星收藏哦~ 该芯片采用了与现有网络芯片相同的部分技术，可以帮助将小型量子计算机连接成更大规模的系 统。但思科也相信，在这些计算机成为主流之前，它将拥有实际应用，例如帮助金融公司同步交易 时间或帮助科学家探测陨石。 思科 Outshift 创新孵化器高级副总裁维乔伊·潘迪 (Vijoy Pandey) 表示："有很多用例。你需要同 步全球各地所有这些快照的时钟和时间戳。" 思科是最新一家进军量子计算领域的主流科技公司。 Alphabet 旗下的谷歌、微软和亚马逊近几个月都宣布推出量子计算芯片，英伟达也计划开设自己 的量子计算实验室。PsiQuantum 等初创公司也在筹集数亿美元用于构建系统。 在这些公司竞相创造越来越多的"量子比特"（量子计算机的基本单位）的同时，思科正致力于将它 们连接起来。该公司表示，其与加州大学圣巴巴拉分校研究人员共同开发的芯片，其工作原理是使 光子对发生量子纠缠，然后将其中一个光子对发送到 ...

Core Viewpoint - Cisco Systems (CSCO) is well-positioned to maintain its earnings-beat streak in the upcoming report, supported by a history of exceeding earnings estimates and a positive earnings outlook [1][5]. Earnings Performance - For the last reported quarter, Cisco achieved earnings of $0.94 per share, surpassing the Zacks Consensus Estimate of $0.91 per share, resulting in a surprise of 3.30% [2]. - In the previous quarter, Cisco was expected to report earnings of $0.87 per share but delivered $0.91 per share, leading to a surprise of 4.60% [2]. Earnings Estimates and Predictions - Recent favorable changes in earnings estimates for Cisco have been noted, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for Cisco is +0.82%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Zacks Rank and Success Rate - Cisco holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high probability of beating consensus estimates, with historical data showing nearly 70% success in such cases [6][8]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].