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Here are Tuesday's biggest calls on Wall Street: Northcoast upgrades Costco to buy from hold Northcoast said it sees more upside for the wholesale retailer. " Goldman Sachs initiates Arista Networks and Juniper as buy Goldman initiated several networking equipment stocks, noting they are attractively valued. Deutsche Bank downgrades Joby to sell from hold Deutsche said it sees too many risks for the aviation company. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said its standing by shares of Walmart as the retail giant continues to sign up new members for its Walmart+. Loop reiterates Netflix as hold Loop said its survey checks show that password sharing charging is increasing revenue for Netflix.
Goldman Sachs , JPMorgan , Visa and American Express have all registered gains since the Fed started hiking rates. Industrial giants Boeing , Caterpillar and Honeywell also emerged as some of the biggest winners during the tightening period. Intel has been the biggest laggard during the tightening period with a 42% loss. However, Wall Street analysts expect the tech sector to lead the market comeback as the Fed slows down its rate-hiking campaign. Disney has fallen 25% since the Fed began tightening, but Wall Street analysts believe the theme park giant could rebound 25% in the next 12 months.
Final Trades: Keurig Dr Pepper, Cisco & more
  + stars: | 2023-03-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Keurig Dr Pepper, Cisco & moreThe "Halftime Report" traders give their top picks to watch for the second half.
Palo Alto Networks (PANW) last month had its best single trading day in about a year, exactly one week after the next-generation cybersecurity company became our newest Investing Club holding. Why Palo Alto Networks? PANW YTD mountain Palo Alto Networks (PANW) 1-year performance Palo Alto Networks is a great way to play a secular growth industry. Taking all of these segments together, Palo Alto Networks is a company capable of delivering on every aspect of cybersecurity under one roof. Palo Alto Networks' ESG practices, meanwhile, are overseen by the ESG and Nominating Committee, which provides counsel to the board in these matters.
Doug Leone compared AI to mobile devices and the internet in terms of technological impact. Great companies often emerge in tough times, and easy money can be bad for founders, he said. Leone is a legendary venture capitalist who led Sequoia Capital for over 25 years. (Leone said he looks for founders, partners, and employees who are seen by others as insufferable, belligerent, and bad listeners.) "What you shouldn't do and say: 'There's money in venture, I want a cushy life, I want to go into venture.'
Here's an update on technology-related holdings in Jim Cramer's Charitable Trust, the portfolio we use at the CNBC Investing Club. Jim ran through the 35 stocks during the Club's inaugural Annual Meeting, an in-person event Saturday in New York City. Big picture, we think AMD shares will continue to increase in value as its leadership over Intel is further cemented. But sentiment is improving, with AMD shares climbing around 21% year to date. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes partnership just the beginning for Cisco's 'internet of things' growth, CEO saysChuck Robbins, chair and CEO at Cisco, speaks to CNBC's Karen Tso at Mobile World Congress in Barcelona, Spain.
Domatic's founders walked Insider through the pitch deck they used to raise seed capital. When smart home products began to take off in the early 2010's, Baldwin became obsessed with Nest cameras and security systems. "There's a parallel universe where I had gone to Nest," to help develop its products, Baldwin said. "This is sneaking the smart system into the building" through the wiring, Baldwin said. Wong and Baldwin walked Insider through the pitch deck they used to raise the round.
[1/2] Cisco's Webex system is displayed on Mercedes-Benz E-Class dashboard, in this undated illustration picture obtained by Reuters. Cisco/Handout via REUTERS/IllustrationBARCELONA, Feb 27 (Reuters) - Cisco (CSCO.O) is working with Mercedes Benz (MBGn.DE) to add its Webex conferencing tools to the dashboard of vehicles arriving in dealerships in the coming weeks, the company said on Monday, as it seeks to turn the car into a mobile office. Zoom has tied up with Tesla (TSLA.O) to equip its vehicles with conferencing tools and Cisco plans to announce other partnerships at the MWC telecoms conference in Barcelona this week. They include one with Samsung (005930.KS) for Webex integration in its flagship phones and another with Intel (INTC.O) for private 5G. Reporting by Supantha Mukherjee in Barcelona; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
Zoom Video has lost the momentum it had during the work-from-home boom, and a strong earnings report did little to change that, according to traders on CNBC's " Fast Money ." The company on Monday reported adjusted earnings of $1.22 per share and $1.12 billion in revenue for the fourth quarter. The stock soared above $500 per share in 2020 as the use of video conferencing soared, but Zoom has since given back all of those gains. Guy Adami of Private Advisor Group called Zoom a "fine company" but cautioned that its use of stock-based compensation could hurt shareholders. That metric, which Zoom Video excludes from its adjusted earnings number, was a roughly $520 million expense during the fourth quarter, and can cause dilution for shareholders.
Customer support trends reflect the changing ways we work, including the need for remote support. Customer support trends have changed as the need for speed and seamlessness has increased. Today, remote tools can be used across the entire ecosystem of an enterprise, from customer support to cybersecurity. So what are the emerging customer support trends for 2023, and how can technology help your business address them? Rescue's suite of turnkey services is generally geared toward enterprise customers, and supports internal IT teams and external customer support teams working through call centers or support centers.
Mercedes-Benz unveiled its 2024 E-Class on Wednesday. And a new app store that lets drivers watch TikToks, play Angry Birds, or attend Zoom meetings. Mercedes-Benz unveiled its 2024 E-Class on Wednesday, featuring a giant touchscreen extending across the passenger side. TikTok, Angry Birds, and Zoom are already set up on the display. The first batch of Mercedes' 2024 E-Class is expected to arrive in European dealerships this summer, and in the USA in autumn.
As a reminder, every year Jim Cramer's Charitable Trust distributes all dividend income and realized capital gains to qualified publicly supported charitable organizations. Our total contribution this year is $326,951, and this brings our total donation since the Club's inception to approximately $4.1 million. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Tech stocks are outperforming in the new year, but some of the names leading the market right now pose some of the biggest risks for investors, according to Ritholtz Wealth Management CEO Josh Brown. The comments from Brown come amid Tuesday's sharp market selloff, with the Nasdaq Composite last trading down about 2.3% on the day as concerns mounted that a Federal Reserve pivot may not come as soon as expected. The dropdown in technology stocks during Tuesday trading, Brown added, is likely an example of "machines chasing machines." "What's going on is profits are being taken because volatility has come back," Brown said. Many investors bought a slew of tech stocks believing that they looked cheap after the recent pullback in shares.
"I think Google is fundamentally impaired by this transition to AI," Brett Winton, the chief futurist at Cathie Wood's Ark Investment Management, told Melissa Lee on CNBC's ' Fast Money ' recently. "Their entire business model is built around taking people and delivering them to the next byte, and these AI systems actually deliver answers to the end users" he said. 'Fragile' model Moving forward, Winton doesn't see head-to-head competition between search engines necessarily leading to a winning AI strategy. "I think Google's model is fragile, and it doesn't necessarily accrue to Microsoft's benefit," he said. "It's much clearer that there will be a lot of money spent on AI investment," Winton said, adding that the key for either tech giant to be well-positioned is by providing AI capabilities in their software."
Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.
Cisco’s Catch-Up Is Worth Catching
  + stars: | 2023-02-16 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
Chuck Robbins is chief executive of Cisco Systems, which projected a jump in revenue growth for the third quarter. Cisco Systems delivered strong results Wednesday for its second quarter ended Jan. 28. Revenue rose nearly 7% year over year to $13.6 billion, while adjusted operating income hit $4.4 billion. But Cisco also projected a jump in revenue growth for the third quarter, while also boosting its forecast for the full fiscal year ending in July. The company now expects full-year growth between 9% and 10.5%, compared with the 4.5%-6.5% range it was projecting just three months ago.
>>> HELLO, EVERYBODY. WELCOME TO THURSDAY'S EDITION OFTHE "HOMESTRETCH" AND YOU KNOW,I HAVE TO SAY THAT WE WERE DOWNEARLIER WHEN WE LAST BROKE ATTHE MORNING MEETING, AND IT'S,YOU KNOW, A LOT OF THE SAMETHEMES AS WHAT WE HAVE BEENSEEING ALL WEEK. THE CLEANEST GROWTH STORIES INALL OF PHARMA WHICH IS MAJOMAWHICH IS APPROVED FOR OBESITYTHIS SPRING, AND J&J IS A TOUGHONE AFTER BEING RESILIENT NEXTYEAR, AND ANOTHER ONE THAT ISGOING TO BE ADDEDOPPORTUNISTICALLY, AND I WILLLUMP DANAHER IN AS A HEALTH CARESTOCK, AND THIS IS ANOTHER ONEWE LIKE WITH THE UPCOMINGSEPARATION OF THE ENVIRONMENTAND APPLIED SOLUTIONS BUSINESS. WE WILL WAIT FOR THE REST OF THEDAY. I'M JEFF MARKS FOR THE"HOMESTRETCH" AND I WILL SEE YOUTOMORROW ON THE HOME MEETING.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestor focus on profits over growth will continue in 2023, says JMP's Mark LehmannMark Lehmann, CEO of JMP Securities, joins 'Squawk Box' to discuss CISCO beating profits and revenues, opportunities in the marketplace, and Roku gaining momentum.
The PPI data comes two days after a slightly hotter-than-expected consumer price index for last month. Cloud communications platform Twilio (TWLO) finally makes the pivot to emphasize profitability and the stock gets rewarded ... up 9% early Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Buy Palo Alto Networks We're bullish on our newest Club holding, Palo Alto Networks (PANW), a leader in the cybersecurity industry. Palo Alto stock was trading down roughly 1.7% Thursday, at $174.22 a share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
"The whole notion that we're actually just draining backlog, our backlog was created by significant customer demand. Cisco's backlog remains higher than where it stood at the same time last year and well above historical norms for both software and hardware, management said on Wednesday evening's conference call. Club take Cisco's fiscal second-quarter results were strong and its full-year guidance stronger. Right now, we don't have a great sense of what Cisco's growth will look like next year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA: Cisco is doing great, but the environment is not getting betterTal Liani, research analyst at Bank of America Securities, says while Cisco's revenue is expected to grow in the double-digits, most of that growth is coming from a drawdown in the order backlog.
Stocks tumbled Thursday morning after the US government’s Producer Price Index report showed that prices at the wholesale level rose faster than expected in January. The unwelcome inflation news comes just two days after the Consumer Price Index figures showed that retail prices continue to come in above forecasts. Investors also were unnerved by comments from Cleveland Federal Reserve president Loretta Mester about inflation and the economy. St. Louis Fed president James Bullard, another regional bank president who does not have a vote on the FOMC this year, is giving a speech this afternoon. Streaming media device maker Roku (ROKU) also soared following strong earnings.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCisco CEO Chuck Robbins: We are now at a point where 44% of our revenue is recurringCisco CEO Chuck Robbins joins 'Squawk on the Street' to discuss the company's backlog reserves, stable order growth, and their latest revenue and earnings beat.
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