Ciena Corp. earnings for third quarter fell short of the Street expectations, and also dipped from a year ago. The networking systems and software company's earnings for the quarter came in at $0.07 per share vs. $1.52 per share in the year-ago quarter. Excluding items, Ciena’s adjusted earnings of $0.33 per share was shy of analysts’ expectations of $0.34 per share (according to figures...
Cisco posted adjusted earnings of 83 cents a share, topping analysts’ expectations of 82 cents a share. Revenue of $13.1 billion also beat expectations ($12.73 billion.). Cisco’s top business segment, Secure, Agile Networks, fell 1% to $6.09 billion during the fourth quarter. Product ($9.69 billion) and Service ($3.41 billion) businesses were flattish from the year-ago period. For the full...
Hewlett Packard Enterprise (HPE) posted its fiscal second quarter earnings that fell short of analysts’ expectations. The IT company's earnings for the quarter came in at $0.19 per share. Excluding items, adjusted earnings were $0.44 per share for the period, compared to analysts’ estimates of $0.45 per share, (according to figures compiled by Thomson Reuters). Revenue for the quarter climbed...
Hewlett Packard Enterprise posted its first-quarter fiscal 2022 non-GAAP earnings of 53 cents per share, exceeding the Zacks Consensus Estimate by 15.2%. The figure is also higher than the company’s guidance of 42-50 cents. The year-ago quarter’s earnings were 52 cents per share. Revenues rose +2% from the year-ago quarter to $7 billion, shy the consensus expectation of $7.02 billion...
Cisco reported fiscal first quarter earnings that beat analysts’ expectations. However, the IT/networking company’s revenue fell short of estimates. The company’s earnings for the quarter came in at 82 cents per share, adjusted, vs. 80 cents per share as expected by analysts polled by Refinitiv. Revenue of $12.90 billion came in below the $12.98 billion expected by analysts, according to...
Cisco Systems posted fourth-quarter earnings that exceeded analysts’ expectations. The telecom and networking company’s fourth-quarter non-GAAP earnings came in at 84 cents a share, above analysts’ expectation of 83 cents a share Revenue of $13.1 billion with also topped analysts’ estimate of $13.04 billion. “We continue to see great momentum in our business as customers are looking to...
On Friday, Nokia shares got a rating upgrade from analysts at Goldman Sachs.
Analyst Alexander Duval boosted rating on the company’ stock to buy from neutral.This is the highest target of analysts tracked by Bloomberg.
The analyst cited a better 5G spending backdrop, wireless product progress and market-share gain from Chinese vendors such as Huawei, especially in Europe, as factors behind the improved outlook.
In March, Nokia announced a five-year deal with AT&T. As part of the deal, Nokia will provide its latest fifth-generation equipment to power 5G on AT&T’s C-Band network.
Cisco got rating upgrades from several analysts in recent times, as many companies are expected to ask employees to get back to offices after last year’s pandemic-related remote working directives.
Shares of the technology behemoth were boosted to outperform from peer perform at Wolfe Research, with the latter citing strong IT spending that's expected to be a tailwind to Cisco estimates through 2022.Wolfe raised its price target to $63 a share from $48.
Goldman Sachs also recently noted that employees' return to offices (following last year’s COVID-19 pandemic-induced remote working environment) would lead to better IT spending – something that should benefit Cisco amid a replacement cycle for older technology.
In early March, JPMorgan also boosted the outlook on the stock, citing a recovery in enterprise spending.
Cisco Systems posted second quarter earnings that beat analysts' expectations. The networking software/hardware maker’s adjusted earnings came in at 79 cents a share, compared to analysts’ expectations of 76 cents. Revenue of $11.96 billion also surpassed the FactSet consensus of $11.92 billion. For the current quarter, the firm is projecting earnings of 80 cents to 82 cents a share, and...
Shares of Israeli cellphone communications equipment maker Ceragon Networks got a double downgrade from analysts at Needham.
Needham analysts lowered their rating on the shares to underperform from buy, amid valuation concerns.The analyst mentioned further that even a buyout would be unlikely to justify recent moves.
Ceragon shares climbed more than +30% on Tuesday, and has more than doubled over the past three trading days.
Ceragon gained 33% on Tuesday as ARK Israel Innovative Technology ETF (IZRL) added 44,380 shares of Ceragon, bringing its total holdings to nearly 856,000 shares( according to Bloomberg).
Cisco beat its first quarter earnings expectations, while also topping revenue estimates.
The IT and networking behemoth’s adjusted non-GAAP earnings for the three months ending in September fell -9.5% year-over-year to 76 cents per share, but was six cents ahead of the Street consensus forecast of 70 cents per share.
Revenues dropped -9.6% year-over-year to $11.9 billion, but beat the Street expectation of $11.85 billion.But services revenues rose +2% year-over-year to $3.34 billion.
Looking ahead, Cisco expects full-year revenues to be -0.2% lower from last year.
Sales from APJC (Asia-Pacific, Japan and China) was down -7%.
For fiscal first quarter, Cisco provided guidance for adjusted earnings in the range of 69 cents and 71 cents per share, which is below analyst consensus estimates of 75 cents per share.The company expects revenue to decline - 9% to -11% year-over-year, while analysts on average had projected a decline of about -7%.
According to Tickeron, CSCO's Aroon indicator reaches into Uptrend on August 03, 2020
For traders, this could mean going long on the ticker or exploring call options in the next month.
We are in the heart of the second quarter earnings season and we have already heard from a number of big tech companies.At least the reaction from investors has been negative.
Earnings results will continue to roll in this coming week and the telecom equipment industry will be in the spotlight.
Cisco Systems got price target hikes from analysts, following the company’s earnings beat for the fiscal third quarter.
In the quarter ended April 25, the networking/technology company’s GAAP earnings per share came in at 79 cents, which exceeded analysts’ expectations of 71 cents a share.Revenue of $12 billion also was higher than analysts’ estimate of $11.88 billion.
Cisco also provided higher-than-expected guidance on its fourth quarter earnings per share.
Citi’s Jim Suva boosted his price target to $48 from $40, and affirmed his buy rating on Cisco shares, citing results and outlook that were “materially stronger than expected,” coupled with Cisco’s offered flexible payment terms during the coronavirus crisis – something that should generate more customer loyalty, according to Suva.
Jefferies analyst George Notter lifted his share-price target $49 from $45 and maintained his buy rating.
The deal amount ($765 million) is almost 80% of Maxar's current market capitalization.Northern Private Capital intends to allow MDA to operate as a "stand-alone" company in its portfolio.
Through the sale of its space robotics unit, along with a deal to offload real estate in Palo Alto, Calif., Maxar expects to reduce the company's debt by $1 billion.
Cisco Systems (Nasdaq: CSCO) is set to report fiscal first quarter earnings on Wednesday, November 13, after the closing bell.The indicators did make a bearish crossover on November 11.
One other thing we see on the daily chart is that the 10-day moving average just crossed bullishly above the 50-day moving average.
Cisco Systems shares got downgraded by Goldman Sachs analysts, who also cut their price outlook on the stock.
Analyst at Goldman Sachs lowered their rating on the networking hardware/telecom equipment maker’s shares to neutral from buy. Analyst Rod Hall also slashed his price target on the stock to $48, from $56.
The price target represents a potential 22% upside from the stock's previous closing price of $49.21.
Evercore analyst Amit Daryanani emphasized how investors are “underappreciating” Cisco's shift towards a more predictable and free-cash-flow-focused model.Daryanani suggested that investors evaluate the stock more on a free-cash-flow-based valuation versus a traditional price-to-earnings method.
Regarding the communications/networking industry as a whole, Evercore indicated that investment will be focused towards technologies that bolster growing bandwidth demands with an incremental approach to 5G products.
Tech giant Cisco Systems (Nasdaq: CSCO) reported earnings after the closing bell back on August 14.The stock dropped 8.6% on August 15.
Looking at the weekly chart for Cisco we see a couple of important factors are coming in to play.
Cisco announced that it wants to buy business communication company Voicea, to further strengthen its own collaboration/video-conferencing platform, Webex.
Voicea offers meeting transcription, voice search, and meeting highlights., By acquiring Voicea, Cisco hopes to add those functionalities to its Webex platform, especially in a way that bolsters Artificial Intelligence-driven, Cognitive Collaboration across an entire portfolio of products/services.Voicea’s technology could potentially help Cisco make meetings more engaging for people/businesses by allowing them to add calls to messaging streams, personalize and access transcribed notes among other features.
The company did not provide financial details for the potential acquisition.
WebEx is used by more than 130 million people a month.