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Tag: CSCO

  • Cisco Systems, Inc. (CSCO) stock gaining in the after-market. Here’s why

    Cisco Systems, Inc. (CSCO) stock gaining in the after-market. Here’s why

    The stock of Cisco Systems Inc (CSCO) closed the recent trading session at $54.25. The stock price kept moving between $53.47 and $54.40. During the last check, the stock of CSCO gained 3.50% to $56.15, in the after-market. Cisco released the results for its second fiscal quarter of the fiscal year 2022. The company also filed for form 8-K with the SEC. The form refers to the reporting of quarterly earnings.

    CSCO Financials

    On February 16, 2022, Cisco Inc announced the financial results for the second quarter of the fiscal year 2022. The key highlights of the financial results are

    • The revenue increased from $11.9 billion in the second quarter of FY21 to $12.7 billion in Q2 of FY22.
    • Net income of the company was $2.9 billion in Q2 of the fiscal year 2022 against $2.5 billion in Q2 of FY21.
    • Diluted earnings per share were reported to be $0.71 in the second quarter of FY22 versus $0.60 in Q2 of FY21.
    • Operating expense of the company was $3.9 billion in Q4 of FY22 as compared to $3.8 billion in the same quarter last year.

    Cisco Inc repurchased 82 million shares of the company, worth $4.8 billion. Furthermore, CSCO also paid $1.51 billion in dividends. As a result, the total capital allocation of the company during Q2 of FY22 was $6.3 billion.

    CEO Remarks

    The CEO of Cisco Inc, Chuck Robbins, said that they keep on seeing amazingly impressive demand across their portfolio, stressing the criticality and significance of Cisco’s transformation. He added that their powerful order strength, backlog, and double-digit growth in annual income, positions them well to deliver growth.

    About CSCO

    Cisco is a global tech company that develops, manufactures, and sells networking equipment, software, broadcast gear, and other high-tech products and services. These products are fundamental to the development of Silicon Valley. The company has its headquarter in San Jose, California, United States of America (USA).

  • Early Morning Vibes: 4 Top Movers To Watch For Weekend

    Early Morning Vibes: 4 Top Movers To Watch For Weekend

    Investors remain concerned about the situation in the bond markets. Last week, Fed Chairman Jerome Powell was able to calm the markets somewhat, but yesterday his speech went down the wrong way with investors. During his speech, he indicated that the bond market situation has his attention, but he saw no reason to intervene yet.

    Powell also said it is very likely that inflation will rise further as the economy recovers, but he thinks this will only be a temporary effect. Without sustained inflation coupled with a return to full employment, the central bank is unlikely to hike interest rates. His thoughts combined with the lack of measures led to rising interest rates again.

    At the same time, this was again enough reason for investors to hit the sell buttons. Technology was again the bitten dog, the Nasdaq closed 2.11% lower at 12,723 points. The S&P 500 did less badly with a loss of 1.34% to 3,768 points. The same shares as Wednesday were sold off again. For example, we saw Baidu again lose more than 6.2% and Tesla also fell by 4.86%.

    The Nasdaq has fallen below 13,000 points with all the violence through the support surface. The technology fair is now in the red for the current year. In Thursday’s Morning Call I already indicated that the breakthrough of the neckline of the head & shoulder pattern has a price target of approximately 12,000 points.

    Today Top Movers

    Waitr Holdings Inc. (WTRH) stock soared 20.74% to $3.61 in the pre-market trading. The firm recently declared partnership with Flow Payments to create a compliant marketplace, delivery and payment solution for dispensaries selling cannabis.

    Sify Technologies Limited (NASDAQ: SIFY) shares are trading up 38.15% at $3.73 at the time of writing. According to people with knowledge of the matter, Blackstone Group Inc. is in talks to acquire a minority stake in Sify Technologies Ltd.(SIFY), an Indian technology company. Company’s 52-week ranged between $0.56 to $5.89. 

    XTL Biopharmaceuticals Ltd. (XTLB) grew over 159.52% at $7.5 in pre-market trading today.

    CLPS Incorporation (CLPS), a Information Technology Services company, rose about 44.93% at $6.0 in pre-market trading Friday. The company reported today in its unaudited financial results for the six months ended December 31, 2020, that revenues increased by $15.7 million, or 37.0%, to $58.3 million from $42.6 million in the prior year period.

    Top Upgrades & Downgrades

    DZ Bank turned bullish on Exxon Mobil Corporation (XOM), upgrading the stock to “Hold” and assigning a $58 price target. 

    Cisco Systems Inc (CSCO) has won the favor of JPMorgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $55, suggesting 23.42% additional upside for the stock. 

    Fifth Third Bancorp (FITB) received an upgrade from analysts at Goldman Sachs, who also set their one-year price target on the stock to $45. They keep their rating on FITB as Buy from Buy in a recently issued research note. 

    Earlier Friday Raymond James reduced its rating on Senseonics Holdings Inc (SENS) stock to Underperform from Market Perform. 

    JPMorgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Nikola Corporation has been changed to Neutral from Overweight. 

    Analysts at ICICI Securities downgraded Wipro Limited (WIT)’s stock to Sell from Reduce Friday.

    Latest Insider Activity

    Advanced Micro Devices Inc. (AMD) EVP, CFO & Treasurer KUMAR DEVINDER announced the sale of shares taking place on Mar 02 at $86.09 for some 63,044 shares. The total came to more than $5.43 million. 

    PayPal Holdings Inc. (PYPL) EVP, Chief Bus. Aff. & Legal O Pentland Adele Louise sold on Mar 03 a total of 60,677 shares at $261.21 on average. The insider’s sale generated proceeds of almost $19.66 million. 

    Viatris Inc. (VTRS) Director CORNWELL W DON declared the purchase of shares taking place on Mar 03 at $13.84 for some 3,000 shares. The transaction amount was around $41515.0. 

    Vistra Corp. (VST) Director BARBAS PAUL M bought on Mar 03 a total 67,159 shares at $16.42 on average. The purchase cost the insider an estimated $197,040.

    Important Earnings


    Top US earnings releases scheduled for today include Big Lots Inc. (NYSE:BIG). It will announce its Jan 2021 financial results. The company is expected to report earnings of $2.5 per share from revenues of $1.74B in the three-month period. 

    Analysts expect Hibbett Sports Inc. (NASDAQ:HIBB) to report a net income (adjusted) of $1.37 per share, when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Jan 2021 is predicted to come in at $378.42M.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    The session on February 8, American stock markets ended in the green zone. The S&P 500 index rose 0.74% to 3916 points, the Dow Jones rose 0.76% and the NASDAQ surged 0.57%. All three indices renewed their all-time highs. The growing prospects for a major economic support package in the US remain in focus. The energy sector climbed 4.17% on the back of an ongoing rally in oil. Increased risk appetite triggered a 0.78% correction in the defensive utility sector.

    Company news

    Children’s goods maker Hasbro (HAS: -4.3%) beat expectations, but management noted weak holiday sales.

    Palantir (PLTR: + 5.9%) announced a partnership with IBM (IBM: + 1.5%) to develop technology products.

    Tesla (TSLA: + 1.3%) invested $ 1.5 billion in bitcoin and announced that it will accept cryptocurrency as payment for electric cars.

    Today, global stock markets are showing mixed dynamics. Discussions on the fiscal stimulus package remain in the spotlight. The passage of a bill on public spending in the amount of about $ 1.9 trillion threatens to accelerate inflation. Some experts warn about this, in particular, former Treasury Secretary Larry Summers. Investors in the debt market are reacting to this risk, so the day before, the rate on 30-year Treasuries rose above 2% for the first time in a year. Rising bond rates could put pressure on the attractiveness of the stock market, primarily on growth stocks, of which tech companies are prime examples.

    The epidemiological situation in the United States continues to improve rapidly, despite the circulation of new strains of coronavirus. The number of hospitalized people dropped to 80 thousand, more than 10% of Americans have already received the first dose of the vaccine. However, the risk of another jump in the incidence remains, so the CDC is not yet recommending state authorities to remove the antiquated restrictions.

    Technical picture

    Technically, the S&P 500 is still in a medium-term uptrend. The session ended the day before at the upper trend line, which is still a significant obstacle. The S & P500 index recorded growth for the sixth session in a row, so short-term consolidation is likely.

    Today Top Movers

    Iterum Therapeutics PLC (ITRM) stock ascended 61.69% at $2.04 in the pre-market trading today.‎‎ Ra Capital Management reportedly disclosed ownership of 13,730,376 shares of Iterum Therapeutics plc by filing a 13G form with the Securities and Exchange Commission. 

    ‎Assertio Therapeutics Inc (ASRT) gained over 25.24% at $1.29 in pre-market ‎trading on Tuesday.‎‎ Assertio is a leading commercial pharmaceutical company bringing differentiated products to patients. The Company has a robust portfolio of branded prescription products in three areas: neurology, hospital and pain and inflammation. 

    ‎Aurora Mobile Ltd (JG) grew over 13.91% at $6.55 in pre-market trading ‎today following the receipt of the InfoQ 2020 Best Technology Community Award at the Developer Ecosystem Co-creation Program virtual conference, hosted by InfoQ.‎

    ‎Marathon Patent Group Inc (MARA) stock moved up 16.93 percent to $37.50 in the pre-market ‎trading.‎‎ MARA stock is rallying because of the spike in Bitcoin. Marathon Patent Group bills itself as one of the largest Bitcoin self-mining companies.

    Top Upgrades & Downgrades

    JP Morgan turned bullish on KKR Real Estate Finance Trust Inc. (KREF), upgrading the stock to “Overweight”.

    Twilio Inc. (TWLO) has won the favor of JP Morgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $465.0, suggesting a 1.39% additional upside for the stock. 

    The Community Financial Corporation (TCFC) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $34.0. They changed their rating on TCFC to Overweight from Neutral in a recently issued research note. 

    Earlier Tuesday JP Morgan reduced its rating on Ladder Capital Corp (LADR) stock to Underweight from Neutral and assigned the price target to $10. 

    Needham analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Cubic Corporation (CUB) has been changed to Hold from Buy.

    Latest Insider Activity

    Advanced Micro Devices Inc. (AMD) EVP, Computing & Graphics Bergman Rick announced the sale of shares taking place on Feb 04 at $88.29 for some 2,000 shares. The total came to more than $0.18 million. 

    Facebook Inc. (FB) COB and CEO Zuckerberg Mark sold on Feb 05 a total of 44,750 shares at $267.92 on average. The insider’s sale generated proceeds of almost $11.99 million. 

    Accuray Incorporated (ARAY) Director WHITTERS JOSEPH E declared the purchase of shares taking place on Feb 01 at $5.02 for some 20,000 shares. The transaction amount was around $0.1 million. 

    Consolidated Edison Inc. (ED) President & CEO CET Nachmias Stuart bought on Jan 31 a total 1,078 shares at $70.78 on average. The purchase cost the insider an estimated $667.

    Important Earnings

    Top US earnings releases scheduled for today include Cisco Systems Inc. (NASDAQ: CSCO). It will announce its Jan 2021 financial results. The company is expected to report earnings of $0.76 per share from revenues of $11.92B in the three-month period. 

    Analysts expect Isoray Inc. (AMEX: ISR) to report a net income (adjusted) of -$0.01 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $2.39M. 

    Twitter Inc. (TWTR), due to announce earnings after the market closes today, is expected to report earnings of $0.31 per share from revenues of $1.19B recently concluded three-month period.

  • 15 Best Communication Equipment Industry Stocks You Should Add In Your Portfolio

    15 Best Communication Equipment Industry Stocks You Should Add In Your Portfolio

    The Communication Equipment industry is engaged in the making of telecommunication equipment for various companies. This industry is involved in the manufacturing of those products which facilitates the people and helps them to communicate with each other. This industry has a diverse customer base. Competition between the companies in the communication equipment industry is intense. Communication Equipment Industry has experienced a period of healthy growth in the recent few years. However, the condition changed in 2020.

    The demand oof communication equipment continuously increasing this year as an ongoing pandemic forced people to stay at home and work from home. So, the demand for communication equipment also increasing in 2020. Companies in this industry are offering television (TV) signal encoding, transcoding, digital transport, and broadband product solutions, and some companies are involved in the selling of Internet Protocol-based networking and other products related to the communications and information technology industry.

    Here are the top 15 companies in the Communication Equipment Industry that need your attention:

    Blonder Tongue Laboratories Inc. (AMEX: BDR)

    Blonder Tongue Laboratories Inc. (AMEX: BDR) shares were trading up 34.04% at $1.50 at the time of writing on Tuesday. Blonder Tongue Laboratories Inc. (AMEX: BDR) share price went from a low point around $0.38 to briefly over $3.80 in the past 52 weeks, though shares have since pulled back to $1.50.

    This company has announced that the US Patent and Trademark Office (USPTO) has issued a patent, US10,805,660, for certain technologies within Blonder Tongue’s DOCSIS Data (DMM) series of products. BDR market cap has remained high, hitting $13.22M at the time of writing, giving it a price-to-sales ratio of more than 0.

    Cisco Systems Inc. (NASDAQ: CSCO)

    Cisco Systems Inc. (NASDAQ: CSCO) last closed at $39.81, in a 52-week range of $32.40 to $50.28. Analysts have a consensus price target of $48.17. Cisco Systems Inc. (CSCO), Qwilt, and Digital Alpha (DA) revealed earlier that how together they are disrupting the commercial Content Delivery Network (CDN) market with a new as-a-service offering based on Open Caching, with BT as the flagship customer.

    Nokia Corporation (NYSE: NOK)

    Nokia Corporation (NYSE: NOK) stock soar by 0.25% to $4.04. The most recent rating by Raymond James, on September 08, 2020, is at an Mkt perform. Nokia Corporation (NOK) and Spark New Zealand has announced the launch of 5G in Auckland. Powered by Nokia, Spark’s 5G radio network goes live to coincide with a major international sailing event. NOK market cap has remained high, hitting $22.15 Billion at the time of writing.

    Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC)

    Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) shares headed falling, lower as much as -1.20% after Invitation to media and analyst briefing for Ericsson Q3 2020 report. The most recent rating by Cowen, on March 30, 2020, is at an Outperform. Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) market capitalization has remained high, hitting $35.75 billion at the time of writing.

    Hewlett Packard Enterprise Company (NYSE: HPE)

    Hewlett Packard Enterprise Company (NYSE: HPE) fall -1.51% after losing more than -$0.15 on Tuesday. The Edge Opportunity Is Real, Yet Organizations Cite Hurdles to Unlocking Its Full Potential. Hewlett Packard Enterprise Company (HPE) earlier revealed that it is delivering the highest level of security for a growing number of U.S. federal and public sector customers that prefer U.S. sourced products with verifiable cyber assurance by expanding and further securing its supply chain.

    CommScope Holding Company Inc. (COMM)

    CommScope Holding Company Inc. (COMM) last closed at $8.98, in a 52-week range of $5.50 to $15.79. CommScope High-Density Remote PHY Shelf Selected by Comcast for Distributed Access Architecture Transformation. Analysts have a consensus price target of $13.21. CommScope Holding Company Inc. (COMM) has moved up 63.27% from its 52-weeks low and moved down -43.13% from its 52-weeks high. COMM market capitalization has remained high, hitting $1.82 billion at the time of writing.

    Sonim Technologies Inc. (SONM)

    Sonim Technologies Inc. (SONM) stock drop by -2.47% to $0.67 after New Sonim SOS App Delivers Powerful Safety-First Capabilities to Ultra-Rugged Devices. The most recent rating by Oppenheimer, on October 31, 2019, is at a Perform. Sonim Technologies Inc. (SONM) has moved up 33.64% from its 52-weeks low and moved down -82.95% from its 52-weeks high. SONM market capitalization has remained high, hitting $44.94 Million at the time of writing.

    Viavi Solutions Inc. (NASDAQ: VIAV)

    Viavi Solutions Inc. (NASDAQ: VIAV) shares headed falling, lower as much as -3.19%. The most recent rating by JP Morgan, on June 01, 2020, is at an Overweight. Viavi Solutions Inc. (VIAV) is scheduled to announce its fiscal first quarter 2021 financial results for the period ended October 3, 2020, on Thursday, November 5, 2020, after the close of market.

    Juniper Networks Inc. (NYSE: JNPR)

    Juniper Networks Inc. (NYSE: JNPR) fall -1.28% after losing more than -$0.29 on Tuesday. Juniper Networks Inc. (JNPR) announced today that it has been selected by Telefónica Spain, a leading global service provider, to secure the mobile backhaul of its growing 5G network. This company has a total market capitalization of $7.40 billion at the time of writing.

    Ciena Corporation (NYSE: CIEN)

    Ciena Corporation (NYSE: CIEN) last closed at $41.68, in a 52-week range of $30.58 to $61.51. Analysts have a consensus price target of $53.06. Ciena Corporation (CIEN) has moved up 36.30% from its 52-weeks low and moved down -32.24% from its 52-weeks high. CIEN market capitalization has remained high, hitting $6.33 Billion at the time of writing.

    Knowles Corporation (NYSE: KN)

    Knowles Corporation (NYSE: KN) Shares headed falling, lower as much as -0.91% after Knowles Announces Preliminary Third Quarter 2020 Revenue Above High End of Guidance Range and Sets Date for Q3 Earnings Call. The most recent rating by Craig Hallum, on September 04, 2020, is at a Buy.

    Maxar Technologies Inc. (NYSE: MAXR)

    Maxar Technologies Inc. (NYSE: MAXR) stock soar by 3.69% to $29.80 after Genasys Inc. Announces Record Fiscal Year Domestic Law Enforcement Sales. The most recent rating by TD Securities, on August 06, 2020, is at a Buy. Maxar Technologies Inc. (MAXR) has a current ratio of 0.90.  It has a total market capitalization of $1.80 billion at the time of writing.

    Boxlight Corporation (NASDAQ: BOXL)

    Boxlight Corporation (NASDAQ: BOXL) stock drop by -1.18% to $1.68. The most recent rating by National Securities, on May 19, 2020, is at a Buy. Boxlight Corporation (BOXL) has earlier announced the acquisition of Sahara Presentation Systems PLC, a leader in distributed and manufactured AV solutions. The total purchase price was GBP 74,000,000 (approximately USD 94,900,000) in the form of GBP 52,000,000 (approximately USD 66,700,000) cash and GBP 22,000,000 (approximately USD 28,200,000) preferred stock.

    Inseego Corp. (NASDAQ: INSG)

    Inseego Corp. (NASDAQ: INSG) fall -1.06% after losing more than -$0.1 on Tuesday. Inseego Corp. (INSG) revealed that its Board of Directors approved an increase in the number of authorized directors on the Board from five to six and named Christopher Lytle to the Board to fill the newly created directorship, effective October 1, 2020.

    Vislink Technologies Inc. (NASDAQ: VISL)

    Vislink Technologies Inc. (NASDAQ: VISL) last closed at $1.38, in a 52-week range of $0.66 to $8.94. Vislink Technologies Inc. (VISL) revealed earlier the retainment of KCSA Strategic Communications (KCSA) to develop comprehensive strategic communications and investor-focused program to increase awareness of Vislink and communicate its mission of reliable connectivity to its stakeholders and the marketplace.