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Top related persons:
Scott Herren - 3 Chuck Robbins - 2 Robbins - 1 Herren - 1 PANW - 1 we've - 1 CSCO - 1 ANET - 1
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Cisco - 3 Cisco Systems - 2 Arista Networks - 2 Everything - 1 StreetAccount - 1 Dell - 1 White - 1 Intelligence - 1

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8 mentions found


☆ Cisco reports fourth straight quarter of declining revenue
  + stars: | 2024-11-13 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Cisco CEO Chuck Robbins speaks at The Wall Street Journal's Future of Everything Festival in New York on May 21, 2024. Cisco reported a fourth straight quarter of declining revenue even as results topped analysts' estimates. Net income fell to $2.71 billion, or 68 cents per share, from $3.64 billion, or 89 cents per share, in the same quarter a year ago. During the quarter, Cisco acquired security startups DeepFactor and Robust Intelligence. Analysts expected adjusted earnings for the year of $3.58 per share on $55.89 billion in revenue.
Persons: Chuck Robbins, Robbins, Scott Herren, Herren Organizations: Cisco, Everything, StreetAccount, Dell, White, Intelligence, Cisco Systems, Applied Materials, Disney Locations: New York
☆ Using a stock replacement strategy to book some gains, but still benefit from a year-end bounce
  + stars: | 2023-11-16 | by ( Michael Khouw | ) www.cnbc.com   time to read: +4 min
Both numbers topped estimates, and still the stock fell after hours, trading below $240 a share as of this writing. At nearly 9 times revenues and 45 times forward earnings estimates, PANW is not a cheap stock, moreover it is still up sharply on the year, and outperforming considerably. Stock replacement strategy One possibility is a stock replacement, selling one's stock holding and replacing that exposure with options. By using a call spread one can maintain some exposure to the upside in the event the stock bounces back. PANW YTD mountain Palo Alto Networks (PANW) CSCO on the other hand, by some measures at least, is a cheap stock, at just 13 times earnings.
Persons: PANW, we've, CSCO, Chuck Robbins, Scott Herren, ANET Organizations: Palo Alto Networks, Cisco, Verizon, Mobile, Comcast, Arista Networks, Broadcom, Flex, Nvidia, CNBC Locations: Palo
☆ Cisco lowers annual forecasts on slowdown in new orders
  + stars: | 2023-11-15 | by ( Samrhitha A | ) www.reuters.com   time to read: +2 min
The Cisco logo is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. The company estimates one to two quarters of shipped product orders are still waiting to be implemented by customers. For the full year, Cisco expects revenue between $53.8 billion and $55.0 billion, and adjusted per-share earnings in the range of $3.87 to $3.93. The company had previously forecast annual revenue of $57.0 billion to $58.2 billion, and adjusted per-share earnings of $4.01 to $4.08. For the second quarter, Cisco expects revenue between $12.6 billion and $12.8 billion, missing analysts' estimates of $14.19 billion, according to LSEG data.
Persons: Nacho, Scott Herren, Samrhitha, Shounak Dasgupta Organizations: Cisco, Congress, REUTERS, Cisco Systems, Juniper Networks, Arista Networks, Revenue, Thomson Locations: Barcelona, Spain, Bengaluru
☆ ‘Big Brother’ Contestant Is Expelled for Using Racial Slur
  + stars: | 2023-08-11 | by ( Maya Salam | More About Maya Salam | ) www.nytimes.com   time to read: +1 min
After Valentine, an illustrator from Florida, used the slur, he immediately apologized to the three other men in the room and tried to backtrack. Jared Fields, who is Black, mostly stayed quiet but responded to Valentine by saying that the slur can make white people more uncomfortable than Black people. On an Instagram account that is followed by verified accounts of other “Big Brother” contestants, Valentine posted an apology to his story, along with a photo of himself and a prayer hands emoji. “YEARS of problematic behavior and language in the Big Brother house going unpunished led to fans and former houseguests speaking up,” Herren posted on X, formerly known as Twitter. Aaryn Gries, a Season 15 contestant, was questioned by Chen Moonves after being filmed making racist and homophobic remarks.
Persons: Valentine, Jared Fields, ” Valentine, Fields, ”, “ Luke, “, ” Andy Herren, ” Herren, Jackson Michie, Aaryn, Chen Moonves Organizations: CBS, Big, Twitter Locations: Florida
☆ Former SEC Commissioner Allison Herren Lee Joins Whistleblower Law Firm
  + stars: | 2023-03-11 | by ( Mengqi Sun | ) www.wsj.com   time to read: 1 min
Allison Herren Lee served as an SEC commissioner from 2019 to 2022. Allison Herren Lee , a former commissioner of the U.S. Securities and Exchange Commission, has joined a whistleblower law firm. Ms. Lee is joining Kohn, Kohn & Colapinto LLP, a Washington-based law firm representing whistleblowers, the firm said late Wednesday. She will help represent whistleblowers, including those in cases related to securities, commodities and anti-money-laundering laws, as well as those involving problems related to environmental, social and corporate governance, according to Stephen M. Kohn, a founding partner of the law firm.
☆ Cisco shares jump after networking company beats estimates, boosts full-year guidance
  + stars: | 2023-02-15 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Here's how the company did:Earnings: 88 cents per share, adjusted, vs. 86 cents per share as expected by analysts, according to Refinitiv. 88 cents per share, adjusted, vs. 86 cents per share as expected by analysts, according to Refinitiv. Revenue: $13.59 billion, vs. $13.43 billion as expected by analysts, according to Refinitiv. The company called for fiscal third-quarter adjusted earnings of 96 cents to 98 cents per share and 11% to 13% revenue growth. Cisco lifted its guidance for the 2023 fiscal year, and now expects $3.73 to $3.78 in adjusted earnings per share and 9% to 10.5% revenue growth.
☆ Cisco raises full-year forecast on strong demand, easing supply hurdles
  + stars: | 2023-02-15 | by ( ) www.reuters.com   time to read: +1 min
Feb 15 (Reuters) - Cisco Systems Inc (CSCO.O) raised its forecast for full-year revenue growth and adjusted profit on Wednesday, banking on its ability to push backlog orders and rapid adoption of 5G technology to keep demand upbeat, sending the company's shares up 10%. For fiscal 2023, Cisco said it expects revenue growth of 9% to 10.5%, and adjusted per share earnings between $3.73 to $3.78. It had previously forecast revenue growth of 4.5% to 6.5% and earnings per share of $3.51 to $3.58. The raise in outlook comes on the back of growth in recurring revenue, improvement in supply chain and future estimated revenue, Chief Financial Officer Scott Herren said in a statement. Reporting by Yuvraj Malik in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ Cisco shares pop on earnings beat and increased 2023 forecast
  + stars: | 2022-11-16 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +1 min
Cisco reported fiscal first-quarter results on Wednesday that beat analysts' estimates and boosted its guidance for fiscal 2023. Here's how the company did:Earnings per share: 86 cents vs. 84 cents expected , according to Refinitiv86 cents vs. 84 cents expected according to Refinitiv Revenue: $13.6 billion vs. $13.3 billion expected by analysts, according to RefinitivRevenue increased 6% year over year, while net income slid 10% to $2.7 billion. The company now expects sales growth in fiscal 2023 of 4.5% to 6.5%, up from a prior forecast that called for growth of 4% to 6%. Cisco's top business segment, which includes data-center networking switches, delivered $6.68 billion in revenue, up 12% from a year earlier. Sales in the Collaboration segment, which features Webex, contributed $1.1 billion in revenue, down 2% year over year.
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