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 ...

SAN JOSE, Calif., Aug. 6, 2024  /PRNewswire/ -- Cisco (NASDAQ: CSCO) has scheduled a conference call for Wednesday, Aug 14, 2024, at 1:30 PM (PT); 4:30 PM (ET) to announce its fourth quarter and fiscal year 2024 financial results for the period ending Saturday, July 27, 2024.Financial results will be released over PR Newswire via US National and European Financial distribution, after the close of the market on Wednesday, August 14, 2024. Cisco's quarterly earnings press release will be posted at https://new ...

On Wall Street, finding the right long-term wealth-building stocks is key to enhancing your investment portfolio. As 2024 progresses, investors are focusing on growth strategies that balance risk and reward. Wall Street’s history highlights long-term stock investing as crucial for financial success.McKinsey advises against being swayed by short-term market noise, stressing the importance of stability and steady returns. The S&P 500‘s mean annual return of 9% (including dividends) from 1996 to mid-2022 illus ...

Leading technology and workforce development companies release comprehensive report, analyzing AI's impact on top technology jobs and outlining immediate training opportunities News Summary:"The Transformational Opportunity of AI on ICT Jobs" report finds that 92 percent of jobs analyzed are expected to undergo either high or moderate transformation due to advancements in AI.Led by Cisco, created by Consortium members, and analyzed by Accenture, the new report identifies essential trainings in AI literacy, ...