Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Cisco —"


7 mentions found


Twilio -- Shares dropped nearly 11% after the consumer engagement company issued lower-than-expected revenue guidance for the current quarter. Twilio also reporter total active consumers for the fourth-quarter that were below Wall Street estimates. Tripadvisor -- Shares climbed nearly 5% after the online booking company beat Wall Street estimates on the top and bottom line in the fourth-quarter. JFrog -- Stock in the software development company climbed more than 19% after fourth-quarter results surpassed Wall Street estimates. Shake Shack -- Shares of the restaurant stock climbed nearly 17% after the firm beat Wall Street estimates on the top and bottom line.
Persons: Twilio, Bitcoin, Tripadvisor, JFrog, FactSet, Shack, John C, bitcoin, — CNBC's Hakyung Kim, Sarah Min, Pia Singh Organizations: Cisco —, Cisco, JPMorgan, Wall, LSEG, Deere, Bank of America, Nvidia, AMD, Intel, Marathon Digital Holdings, Arm Holdings, Holdings
The mass layoffs announced Wednesday in conjunction with Cisco’s latest quarterly results represent about 5% of its worldwide workforce of 84,900. Cisco — a company best known for making much of the technology that connects the internet — expects its reorganization to cost an additional $800 million. The double whammy of two big layoffs in two years has been a phenomenon affecting other prominent technology companies, such as Google and Amazon, both of which have trimmed their once-steadily growing payrolls multiple times since the end of 2022. The reductions are being made even though most of the companies are still big moneymakers. But Cisco’s stock price has gained just 6% during the same period, a factor that might have played into management’s decision to make even deeper payroll cuts than some of the company’s tech brethren.
Persons: Chuck Robbins, Robbins, Cisco's, ” Robbins Organizations: FRANCISCO, Cisco Systems, Cisco —, Google, Cisco, Revenue, Microsoft, Riot Games, eBay, PayPal, Nvidia Locations: San Jose , California, U.S
Applovin reported 49 cents in earnings per share on $953 million of revenue. Analysts surveyed by LSEG were expecting 35 cents in earnings per share on $928 million of revenue. In the fourth quarter, Tripadvisor reported adjusted earnings of 38 cents per share on revenue of $390 million. Analysts surveyed by LSEG anticipated earnings of 22 cents a share and revenue of $374 million. NerdWallet reported a loss of 3 cents per share, while analysts were expecting 10 cents of positive earnings per share, according to LSEG.
Persons: Applovin, LSEG, Twilio, Albemarle, Tripadvisor, NerdWallet, Fastly Organizations: Cisco, Informatica — Locations: China, Informatica
Cisco created a prototype device that could help keep Ukraine's power grid running this winter. In a covert operation first reported by CNN, the devices were delivered using a US plane carrying humanitarian aid. AdvertisementCisco created cybersecurity prototypes for Ukraine to protect its power grid, but getting them into Ukraine required a bit of subterfuge. US agencies helped sneak the devices into the country, in part by using a US Air Force plane carrying humanitarian aid, according to a new report from CNN. Thanks to the covert operation, the prototypes could help Ukraine keep its power running through another brutal winter of war.
Persons: , Joe Marshall, Cisco —, isn't, Marshall Organizations: Cisco, CNN, Russian, Service, US Air Force, US Department of Commerce, Pentagon, Department of Energy, Department of Commerce Locations: Ukraine, Rzeszów, Poland, Ukrainian
Goldman Sachs — The banking titan advanced 1.6% despite missing expectations of analysts polled by Refinitiv for earnings and revenue. The company beat expectations for earnings expectations by one cent at $1.81 per share. Elevance Health — The stock rose 6% after Elevance Health beat analysts' expectations on the top and bottom lines in its second-quarter results. J.B. Hunt Transport Services — The transportation and logistics stock rose 1.5% despite a disappointing quarterly report. Qualcomm — Shares rose 2.8% after JPMorgan added the stock to its focus list and said it's one of the firm's best growth idea.
Persons: Goldman Sachs, Refinitiv, Goldman, Elevance, J.B, Hunt, Charles Schwab —, ServiceNow, , Samantha Subin, Hakyung Kim, Sarah Min, Jesse Pound, Michelle Fox, Yun Li Organizations: Joby, JPMorgan, FactSet, Elevance Health, Revenue, Trust, Refintiv, Hunt Transport Services, Refinitiv, Western, Street Journal, U.S . AT, Argus, Qualcomm, Cisco —, Cisco, Bank of America Locations: FactSet, Tahoe
Jim Cramer's guide to investing: Never buy all at once
  + stars: | 2023-06-29 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
With that strategy, you're better protected if the price goes lower or if something should go wrong at the company. "When you buy all at once, you're basically declaring that the stock absolutely won't go any lower," Cramer said. For example, Zoom , a Wall Street favorite during the Covid-19 pandemic, plunged from a $588 high in October 2020 to the mid-seventies less than two years later. But Cramer said the distinction between a damaged stock and a damaged company can be difficult to discern, and at the end of the day, "you never really know." "Never buy a position all at once because what you think is merely a damaged stock might turn out to be a damaged company.
Persons: CNBC's Jim Cramer, Cramer, Cisco — Organizations: CNBC's Charitable Trust, Microsoft, Google, Cisco Locations: Washington
The information-technology firm Riverbed is betting it can outdo giants like Cisco, worth about $172 billion, in the observability-tools space. In a switch from its networking hardware roots, Riverbed is launching more software products that use artificial intelligence and machine learning to monitor a firm's IT infrastructure, known as observability tools. After years of hardship, Riverbed's suite of observability tools generates more sales than its hardware, making it pivotal to the firm's recovery strategy. Riverbed's focus on observability software is especially important now that the chip shortage is slowing down the production of its WAN optimization devices, another blow to its hardware sales, Smoot said. That's why it's not discontinuing its hardware business despite hinging future growth on the observability market.
Total: 7