Buz Investors Cisco Stock Has Soared 45% I remember Cisco Systems, Inc.(NASDAQ:CSCO) as the leading innovator of networking technology when the Internet emerged back in the early 1990s.
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Cisco’s stock on track to open at 3-month low after Q3 results late Wednesday

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Cisco’s stock on track to open at 3-month low after Q3 results late Wednesday

Buz Investors Cisco Stock Has Soared 45% I remember Cisco Systems, Inc.(NASDAQ:CSCO) as the leading innovator of networking technology when the Internet emerged back in the early 1990s.

BUZ INVESTORS  3-month low  Cisco (CSCO), -7.95%  revealed quarterly earnings Wednesday that beat expectations, but the networking giant’s revenue forecast for the current quarter called for a much larger decline than expected. When asked for clarity in a subsequent conference call, Chief Executive Chuck Robbins pointed to Cisco’s large business in dealing with the federal government, saying that declining orders there were worth about one percentage point of the 4%-to-6% sales decline Cisco expects in its fiscal fourth quarter.

 3-month low

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After postmarket declines following yesterday’s earnings, Cisco Systems (NASDAQ:(CSCO) is 7.5% lower this morning on the weak guidance provided.

Federal spending is a drag on expectations, of up to 1%, says JPMorgan’s Rod Hall — though he expects that could pick up as more empty slots are filled in the Trump administration.

He’s Neutral on the stock, while Citi’s Jim Suva sees a buying opportunity. He says the guidance is bad for electronics manufacturers with exposure to Cisco, notably Celestica (CLS) -2.5%), Jabil Circuit (JBL) -3.4%), Sanmina (SANM -0.7%) and Flex (FLEX) -0.9%).

RBC Capital’s Mitch Steves is sticking with Outperform as well (though at a price target trimmed to $36 from $37). The stock will be in the “penalty box” until more details on long-term revenue growth come out at the company’s analyst day in June, he says.

 

Business Description

Industry: Communication Equipment » Communication Equipment    NAICS: 334290    SIC: 3577
Compare: OTCPK:(NOKBF), NYSE:(HPE), NAS:(ERIC), OTCPK:(EVBEF), OTCPK:(AACAF), NYSE:(MSI), NYSE:(HRS), NYSE:(JNPR) OTCPK:(ZTCOF), NYSE:(ZAYO), NAS:(COMM), OTCPK:(PRYMY), NAS:(SATS), OTCPK:(ETCMY), NAS:(ARRS), NAS:(BBRY), NAS:(UBNT), NAS:(VSAT), NYSE:(CIEN), OTCPK:(VTKLY) » details
Traded in other countries: CSCO.Argentina, CSCO34.Brazil, CSCO.Chile, CIS.Germany, 04333.Hongkong, CSCO.Mexico, CIS.Netherlands, CSCO.Peru, CSCO.Switzerland, 0R0K.UK,
Headquarter Location: USA

Cisco Systems Inc is engaged in designing, manufacturing and sale of Internet Protocol (IP) based networking products and services related to the communications and information technology (IT) industry.

Cisco Systems is the world’s leading supplier of data networking equipment and software. Its products include routers, switches, access equipment, and security and network management software that allow data communication among dispersed computer networks. The firm has also entered newer markets, such as video conferencing, Web-based collaboration, data center servers, and cloud connectivity solutions.

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Jadtecnic
Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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