Cisco (CSCO) Posts Strong Q1 But Falls on Soft Outlook

UBS Reiterates Buy on Cisco Systems (CSCO) Following 1Q Results

November 13, 2015 9:43 AM UTC

UBS reiterated a Buy rating and $33.00 price target on Cisco (NASDAQ: CSCO), following the company's 1Q16 earnings report. Cisco's results beat F1Q estimates and its F2Q EPS guidance was in-line. Sales in most of the segments, including Security, Switching and Data Center,... More

Needham & Company Affirms Cisco (CSCO) at 'Hold'; Guidance was Both Important...and Disappointing

November 13, 2015 7:13 AM UTC

Needham & Company reaffirms Cisco Systems (Nasdaq: CSCO) with a Hold rating following Q1 results and guidance issued on Thursday night.

Alex Henderson commented, CSCO reported revenues essentially in line with forecasts and beat on EPS, but these numbers were not the story for the quarter. It... More

Cisco second-quarter forecast misses on order slowdown

November 12, 2015 4:17 PM UTC

By Lehar Maan

(Reuters) - Network equipment maker Cisco Systems Inc's (NASDAQ: CSCO) forecast adjusted profit and revenue growth for the second quarter below analysts' estimates, citing a slowdown in order growth and weakness in its enterprise business outside the United States.

Shares of Cisco, considered a bellwether for the performance of the broader network gear industry, fell 5 percent to $26.41 in extended trading on Thursday.

A strong dollar hurt demand for Cisco's enterprise products in... More

Cisco Systems (CSCO) Tops Q1 EPS by 3c; Guides Q2 EPS Below Views

November 12, 2015 4:06 PM UTC

(Updated - November 12, 2015 4:08 PM EST)

Cisco Systems (NASDAQ: CSCO) reported Q1 EPS of $0.59, $0.03 better than the analyst estimate of $0.56. Revenue was $12.7 billion, with the consensus at $12.7 billion.

"Q1 was a very strong quarter. We are accelerating our ability to deliver on growth opportunities,... More

Wall St. suffers biggest drop since September

November 12, 2015 7:35 AM UTC

By Noel Randewich

(Reuters) - Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.

The rout hit all 10 major S&P sectors and pushed the Dow and S&P 500 below their 200-day moving averages, which some traders believe portends additional declines.

Investors are keeping a watchful eye on whether the Fed in December will raise rates for the first time in nearly a decade, as is widely expected after recent strong... More