tldrdailynews.com logo
Tag

Cisco Systems

All articles tagged with #cisco systems

AI Showdown: Broadcom Emerges as the Sharper AI Play Over Cisco
finance9 days ago

AI Showdown: Broadcom Emerges as the Sharper AI Play Over Cisco

Broadcom looks like the sharper AI investment thanks to a large AI backlog and rapid AI-driven revenue growth, but its reliance on a handful of hyperscalers adds concentration risk. Cisco, while smaller on AI scale, offers diversified enterprise exposure, a dividend and buyback, making it a steadier, income-friendly pick. With Broadcom trading around 23x forward earnings versus Cisco’s ~26x for similar AI growth, the choice hinges on risk tolerance: Broadcom for stronger AI exposure and potential upside, Cisco for steadier compounding with an AI kicker and lower concentration risk.

via Yahoo Finance|
#artificial-intelligence#broadcom-inc#cisco-systems
Cisco rides AI hardware surge to Q4 beat, yet shares slip after hours
business13 days ago

Cisco rides AI hardware surge to Q4 beat, yet shares slip after hours

Cisco reported FY4Q net income of $3.86B on $17.25B in revenue, with adjusted EPS of $1.22, topping expectations. The quarter benefited from about $4B in AI infrastructure orders from hyperscalers, bringing its full-year AI orders to $9.3B. Management guided FY27 revenue of $72.2–$73.4B and adjusted EPS of $5.05–$5.11, with Q1 above consensus. Despite the strong results and upbeat outlook, CSCO edged lower in after-hours trading.

via Yahoo Finance|
#ai#business#cisco-systems
Cisco's AI Boom Boosts Networking Revenue, Yet Margins Drag on Stock
technology14 days ago

Cisco's AI Boom Boosts Networking Revenue, Yet Margins Drag on Stock

Cisco posted better-than-expected fiscal Q4 results, delivering adjusted earnings of $1.22 on revenue of $17.3 billion, driven by AI demand; its networking segment revenue rose 28% year over year to $9.79 billion, with AI infrastructure orders totaling about $9.3 billion for FY2027 and raised full-year earnings guidance to about $5.05–$5.11 per share on $72.2–$73.4 billion in revenue, though shares fell after hours as gross margins slipped to 66.3% from 68.4% due to higher AI hardware costs.

via barrons.com|
#artificial-intelligence#cisco-systems#earnings
Gardner Bets on a 50-Stock, AI-Driven Long-Term Portfolio With Five Picks
business1 month ago

Gardner Bets on a 50-Stock, AI-Driven Long-Term Portfolio With Five Picks

Tom Gardner argues that AI will disrupt every industry, so investors should own at least fifty stocks and pursue a diversified, long-term portfolio. He offers five picks across risk levels—Cisco Systems, MSCI, and Kingstone as cautious; Marvell Technology as moderate; and BillionToOne as aggressive—each chosen to fit a patient, five- to twenty-year horizon and benefit from AI-powered research scoring.

via The Motley Fool|
#billiontoone#business#cisco-systems
Cisco's AI revamp sparks rally as POET leads Thursday's stock movers
business3 months ago

Cisco's AI revamp sparks rally as POET leads Thursday's stock movers

Stock futures edged higher as investors weighed U.S.-China diplomacy; Cisco jumped on AI restructuring and raised guidance, boosting its shares and sentiment for AI infrastructure plays, while POET Technologies jumped about 24%. Doximity and Enovix slid on weaker guidance and profitability concerns, with Take-Two, Kodiak Gas Services and Bullish among other movers.

via Seeking Alpha|
#business#canadian-solar#cisco-systems
business3 months ago

Tech-driven rally paves new market highs as inflation data stirs caution

Tech stocks led a rally that sent the S&P 500 and Nasdaq to closing records, while futures hinted at mixed moves after hours as April’s producer price index surprised to the upside. Cisco jumped after strong quarterly results and job cuts, Doximity sank on weak guidance, and Cerebras priced its AI chip IPO above expectations, highlighting AI-sector enthusiasm. Investors eye April retail sales, price data, and jobless claims ahead of more earnings this week.

via CNBC|
#business#cisco-systems#doximity
"Cisco Cuts 5% of Global Workforce, Slashes Full-Year Guidance"
businesstechnology2 years ago

"Cisco Cuts 5% of Global Workforce, Slashes Full-Year Guidance"

Cisco Systems reported better-than-expected fiscal second-quarter results but reduced its full-year guidance and announced plans to cut about 5% of its workforce, or more than 4,000 employees, due to concerns about demand. CEO Chuck Robbins cited caution and scrutiny of deals amid high uncertainty in the macro-environment. The company also mentioned slowing demand, ongoing inventory correction, and weak demand from telco and cable service provider customers. The news led to a negative reaction from Wall Street analysts, with concerns about the company's performance and the impact of the layoffs.

via Yahoo Finance|
#businesstechnology#chuck-robbins#cisco-systems
"Cisco Systems Announces Layoffs of Over 4,000 Employees Amid Tech Industry Challenges"
technology2 years ago

"Cisco Systems Announces Layoffs of Over 4,000 Employees Amid Tech Industry Challenges"

Cisco Systems is laying off over 4,000 employees, representing about 5% of its workforce, as part of a reorganization expected to cost an additional $800 million. The move comes amid sluggish demand for its products and software services, reflecting a trend of job insecurity in the tech industry despite continued profitability. The company's stock price has gained just 6% in a soaring market, prompting deeper payroll cuts. The industry is shifting focus to artificial intelligence, with experts predicting more job cuts as AI technology advances. Cisco's CEO highlighted the company's position to benefit from AI adoption through its relationship with chipmaker Nvidia.

via The Associated Press|
#artificial-intelligence#cisco-systems#layoffs
"Cisco Systems Announces 5% Workforce Reduction, Cutting Over 4,000 Jobs"
technology2 years ago

"Cisco Systems Announces 5% Workforce Reduction, Cutting Over 4,000 Jobs"

Cisco Systems is laying off over 4,000 employees, representing about 5% of its workforce, as part of a reorganization expected to cost an additional $800 million. This move follows a previous cut of 5,000 workers in late 2022 and comes amid a $28 billion acquisition of Splunk. The tech industry has seen a wave of significant layoffs at prominent companies, despite their continued profitability, as they navigate uncertain economic outlooks and shift focus to areas like artificial intelligence. Cisco's stock price has seen minimal gains, and its latest quarterly results and forecast have led to a nearly 6% drop in extended trading. The company aims to capitalize on AI adoption and its close relationship with chipmaker Nvidia.

via Yahoo Finance|
#artificial-intelligence#cisco-systems#layoffs
"Top Non-Nvidia Big Tech and China Stocks to Watch as AI Boom Accelerates"
technology2 years ago

"Top Non-Nvidia Big Tech and China Stocks to Watch as AI Boom Accelerates"

As AI becomes mainstream, companies like IBM, ServiceNow, AMD, Salesforce, Cisco Systems, and Dell Technologies are poised for growth in 2024. IBM's focus on hybrid cloud and AI, ServiceNow's diversification and innovation, AMD's competitive AI graphics processing units, Salesforce's cloud CRM leadership, and Cisco Systems' investments in data security and observation position them to capitalize on the increasing enterprise spending on AI strategies. Despite economic uncertainties, AI investment is expected to remain substantial, shaping the economy and prompting significant enterprise spending.

via MarketWatch|
#ai#amd#cisco-systems
Cisco's Fallout Outlook and Billion-Dollar AI Promise Impact Quarterly Results
business2 years ago

Cisco's Fallout Outlook and Billion-Dollar AI Promise Impact Quarterly Results

Cisco Systems reported better-than-expected quarterly results, with revenue rising 7.6% YoY to $14.67 billion and net income increasing to $3.64 billion. However, the company slashed its fiscal year earnings outlook due to consumers being busy implementing previously received offerings. This weak guidance overshadowed the positive results, causing Cisco's shares to fall by as much as 13%. The company also announced partnerships with Splunk and Nvidia to enhance workplace collaboration and unveiled new AI-powered products. Cisco is confident in gaining $1 billion worth of AI infrastructure orders from cloud providers by 2025.

via Yahoo Finance|
#business#cisco-systems#earnings-outlook
Stocks Tumble as Walmart's Warning Sends Dow Jones Falling
finance2 years ago

Stocks Tumble as Walmart's Warning Sends Dow Jones Falling

The Dow Jones Industrial Average fell 0.1% due to cautionary outlook from Walmart and slowing order growth for Cisco Systems. However, the S&P 500 and Nasdaq closed slightly higher. Crude oil prices dropped nearly 5% amid concerns of slowing global demand. Microsoft rose as it announced new AI accelerator chip and Cobalt chip. Alibaba shares fell 9% after the company said it would not spin off its cloud business. Macy's stock rose over 5% despite declining sales. General Electric and Williams-Sonoma broke out of their respective bases. Google parent Alphabet is nearing a buy point.

via Investor's Business Daily|
#cisco-systems#dow-jones#earnings