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Markets Mixed on Uneventful Trading Day
Cisco SystemsCisco Systems(US:CSCO) ZACKSยท2025-05-14 23:20

Market Overview - The stock market experienced mixed results with the Dow down by 60 points (-0.14%), S&P 500 up by 4 points (+0.07%), Nasdaq gaining 112 points (+0.59%), and Russell 2000 down by 15 points (-0.74%) [1] Bond Market - Bond yields have increased over the past two weeks, with the 10-year yield at 4.54% and the 2-year yield at 4.06%, up from 4.06% and 3.62% respectively [2] Earnings Results - Cisco Systems reported earnings of $0.96 per share, beating expectations by $0.05, with revenues of $14.1 billion slightly above the expected $14.06 billion. The company raised guidance for the next quarter and full year, resulting in a 3.8% increase in shares [3] - Cisco's acquisition of Splunk for $28 billion has contributed to a product growth of 20%, while growth without Splunk was only 9% [4] - CoreWeave reported a loss of $1.40 per share against an expectation of -$0.18, but revenues of $981.63 million exceeded the consensus of $850.38 million [4] Upcoming Economic Reports - A series of economic reports are expected, including Retail Sales, Producer Price Index (PPI), Empire State and Philly Fed surveys, Industrial Production, Capacity Utilization, Business Inventories, and Homebuilder Confidence [5] Upcoming Earnings Reports - Earnings reports are anticipated from Walmart, Alibaba, Deere & Co., and Birkenstock, with challenges noted in forward guidance during the Q1 earnings season [6]