CSCO Stock Recent News
CSCO LATEST HEADLINES
Cisco Systems NASDAQ: CSCO is a U.S. technology firm and is the world's largest company in the communications equipment industry. Shares have seen significant underperformance compared to its sector, down 4%.
Cisco stock currently trades at $48.50 per share, roughly 17% below its pre-inflation shock high of $58.70 seen on December 29, 2021. Cisco's product sales have witnessed a slowdown as customers focused on utilizing the inventory purchased post the Covid-19 pandemic.
President Joe Biden's CHIPS Act aims to thrust Texas Instruments (TXN) into a frontrunner seat of the semiconductor race. Cisco (CSCO) gets an upgrade after earnings, while controversy stirs around Autodesk's (ADSK) sales practices.
Cisco Systems Inc. (NASDAQ: CSCO) received a vote of confidence today as HSBC upgraded the stock from “Hold” to “Buy” and raised its price target from $46 to $58.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Cisco Systems NASDAQ: CSCO Q4 results and guidance prove that its AI play was smart. Once a networking giant and now a networking and AI-powered data management platform, the company outperformed its guidance and analysts estimates, raised guidance, and the guidance is likely cautious.
Cisco Systems, Inc CSCO stock gained in Wednesday after-hours trading after the company reported upbeat fourth-quarter earnings. The stock price maintained the upward trajectory on Thursday.
Cisco surging after earnings last night. The Investment Committee debates the tech name.
Shares of Cisco Systems (CSCO) are climbing in the stock's biggest intraday gain since March of 2020. The company topped its fiscal fourth quarter earnings expectations and announced a 7% cut in its workforce as it shifts priorities.
Cisco Systems stock has been stagnant for months, barely reaching $50 despite a recent pop. Revenues down 10% but services revenue up 6% with Splunk contributing $960 million. Margins improved but operating expenses up 12% and net income down 45%, cautious optimism for future Cisco performance.