DIRS.INFO The most relevant business & tech news

☆ US officials helped Cisco sneak a cybersecurity prototype into Ukraine using a plane carrying humanitarian aid
▼ + stars: | 2023-11-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

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

☆ Zoom lifts annual results forecast as AI features boost demand
▼ + stars: | 2023-11-20 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

Zoom now expects annual adjusted profit per share between $4.93 and $4.95, higher than its prior forecast of $4.63 and $4.67. The company lifted its full-year revenue forecast to between $4.506 billion and $4.511 billion, from $4.485 billion to $4.495 billion earlier. The company's quarterly free cash flow grew 66.2% to $453.2 million, and Zoom expects $1.34 billion to $1.35 billion for the full year. The Phone segment grew to roughly 7 million paid seats while Contact Center reached about 700 customers as of quarter-end. For the third quarter, revenue grew 3.2% to $1.14 billion, slightly above estimates.

Persons: Dado Ruvic, Webex, Eric Yuan, Rishi Jaluria, Samrhitha, Devika Organizations: REUTERS, Communications, RBC, Contact, Thomson Locations: Bengaluru

☆ Walmart Earnings, Low Fuel Prices Drag on Stocks
▼ + stars: | 2023-11-17 | by ( Ryan Dezember | ) www.wsj.com time to read: 1 min

Earnings selloffs in Cisco Systems and Walmart pulled down the Dow. But the broader market narrowly overcame those drags as well as tumbling energy shares to keep the November rally going. The S&P 500 added 0.1%. The tech-oriented Nasdaq Composite eked out a smaller gain than that and is now up 9.8% this month. The Dow Jones Industrial Average shed about 0.1%, or 46 points.

Organizations: Cisco Systems, Walmart, Dow Jones

☆ Morning Bid: Treasury yields dive as oil craters, economy softens
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +5 min

U.S. two-year Treasury yields skidded below 4.80% on Friday for the first time since September 1, with 10-year yields dropping under 4.40% to September lows too. Crude has now lost almost 25% in just six weeks - aided by the U.S. gradually lifting oil sanctions on Venezuela. The Labor Department said import prices fell a whopping 0.8% in October, the most in seven months amid a broad decline in the costs of goods - deepening the annual deflation of import prices to as much as 2.0%. Even though the dollar (.DXY), , is taking a hit from the plunge in U.S. Treasury yields, the drop in sovereign borrowing rates was mirrored across the world in Europe , even Japan . Mirroring the softening demand picture elsewhere, British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home.

Persons: Lucas Jackson, Mike Dolan, plumb, Morgan, Susan Collins, Mary Daly, Austan Goolsbee, Michael Barr, Dave Ramsden, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Walmart, Cisco, Alibaba, Philadelphia Federal Reserve, Labor Department, Treasury, Hong, Housing, Atlanta, Boston Federal, San Francisco Fed, Chicago Fed, Bank of England, United States, APEC, Graphics, Thomson, Reuters Locations: New York, U.S, Wall, Alibaba ., Venezuela, Europe, Japan, HK, Hong Kong, China, San Francisco

☆ The market is entering deep overbought territory, and these stocks could be due for a pullback
▼ + stars: | 2023-11-17 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Certain stocks, including Cintas and Chipotle Mexican Grill , may be due for a pullback as the market hovers close to overbought conditions, according to one popular metric. The broader market is on the cusp of entering overbought territory, however, according to Wolfe Research. A stock with a 14-day RSI greater than 70 is considered to be overbought and at risk of a pullback. American Express , another company that has seen a boost in its stock price this week, could also be due for a pullback. Analysts covering the company forecast a 7.8% upside for its stock price, and just above 50% rate it a buy.

Persons: Thursday's, Jasper Bibb, TD Cowen, Ingersoll Rand Organizations: Nasdaq, Dow Jones, Wolfe Research, CNBC, Truist Securities, American Express, Barclays, Qualcomm, TransDigm, APA Corp, Marathon Oil, Marathon, APA, UBS, Kroger, Coterra Energy, Cisco Systems Locations: overbought

☆ Stock Market Today: Dow Futures Point to Third Straight Week of Gains
▼ + stars: | 2023-11-17 | by ( ) www.wsj.com time to read: +1 min

Stock futures suggest so. The S&P 500 and Nasdaq Composite managed small gains Thursday , despite selloffs in Walmart and Cisco, with both indexes up about 2% so far this week. The S&P 500 has risen for 12 of the past 14 sessions and looks set to rise for the third straight week. Gap stock jumped premarket, after strong results, while disappointing earnings from Applied Materials pushed down the semiconductor-equipment company. Alibaba stock remained under pressure after the e-commerce giant canceled the spinoff of its cloud arm.

Persons: Bonds Organizations: Nasdaq, Walmart, Cisco, Materials Locations: U.S

The Shanghai Composite index edged 0.1% higher to 3,054.37. Taiwan’s Taiex gained 0.2% and the Sensex in Mumbai fell 0.1%. Wall Street’s stocks drifted to a mixed finish Thursday as market momentum slowed following the sizzling rally of the first half of November. The Dow Jones Industrial Average slipped 0.1% to 34,945.47, and the Nasdaq composite gained 0.1% to 14,113.67. Stocks in the oil-and-gas industry swooned after the price of crude tumbled sharply to its lowest level since July.

Persons: Seng, Kazuo Ueda, Ueda, Australia’s, Taiwan’s Taiex, ” Yeap Jun Rong, IG, Macy’s, Sonos, Stocks, Halliburton, Brent Organizations: Nikkei, Bank of Japan Gov, U.S, U.S ., Dow Jones, Nasdaq, Walmart, Cisco Systems, Marathon Petroleum Locations: HONG KONG, U.S, New York, Shanghai, South Korea, Mumbai

☆ Cramer's Lightning Round: 'Staying away' from 3M
▼ + stars: | 2023-11-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon 3M's year-to-date stock performance. Stock Chart Icon Stock chart icon Daktronics' year-to-date stock performance. Stock Chart Icon Stock chart icon Arista Networks' year-to-date stock performance. Stock Chart Icon Stock chart icon Super Micro Computer's year-to-date stock performance. Stock Chart Icon Stock chart icon Vulcan Materials' year-to-date stock performance.

Persons: I'm, Daktronics, Martin Marietta Organizations: Arista Networks, Arista, Cisco, Vulcan, Martin Marietta Materials, Vista Energy, Skyworks

☆ Cisco stock falls 12%, on pace for worst day in over a year
▼ + stars: | 2023-11-16 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +2 min

Cisco shares slid 12% Thursday morning, putting shares on pace for the worst day since May 19, 2022 when the stock slipped 13.7%. The fall comes a day after the company reported its quarterly earnings that beat on the top and bottom lines but gave weaker-than-expected revenue guidance for the fiscal second quarter. The company cited a slowdown in orders as customers deployed Cisco products they had purchased in recent quarters. Cisco posted adjusted earnings per share of $1.11, beating the $1.03 LSEG (formerly Refinitiv) estimate. Bank of America analysts said that "the 20% decline in product orders has driven a 6% down swing in FY24 revenue guidance, or a $3.2bn cut."

Persons: Chuck Robbins, LSEG, Goldman Sachs, CNBC's Jordan Novet, Michael Bloom Organizations: Cisco, Bank of America Locations: 3Q23

☆ Cramer says TJX Companies, Palo Alto Networks are buys at current levels
▼ + stars: | 2023-11-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. "If I didn't have TJX, this is not a bad place to start a position," Jim Cramer said Thursday. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wells Fargo, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Walmart, Cisco Systems, CSC, Club, Palo Alto Networks, Treasury, West Texas, TJX Companies

☆ Stock Market News Today: Dow Falls; Cisco, Walmart Stocks Tumble After Earnings -- Live Updates
▼ + stars: | 2023-11-16 | by ( ) www.wsj.com time to read: +1 min

Cisco's shares dropped more than 11% early Thursday after the network-equipment giant slashed revenue forecasts , wiping away more than $20 billion of the Dow Component's market value. Walmart , Burberry, Alibaba and Palo Alto Networks shares also took hits following the companies' latest updates to investors. The tech-oriented Nasdaq Composite and Dow industrials fell more than 0.2%. The U.S. 10-year yield fell below 4.5%. Oil prices weakened.

Persons: Dow industrials, Bonds Organizations: Dow, Walmart, Burberry, Alibaba, Palo Alto Networks, Siemens, Federal, Benchmark Locations: Palo, U.S

☆ Stocks making the biggest moves midday: Sonos, Cisco Systems, Alibaba, Walmart and more
▼ + stars: | 2023-11-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Cisco Systems — Shares dropped 11.3% after the company's earnings guidance for the current quarter came out below analyst estimates, driven by a slowdown in new product orders. Children's Place — Shares of Children's Place plunged 25.8% after retailer quarterly adjusted earnings of $3.22, trailing the FactSet consensus estimate of $3.49. Walmart — Shares dropped more than 7% after the big box retailer gave disappointing guidance . Walmart said it expects adjusted earnings per share of $6.40 to $6.48 for the year, slightly lower than analysts were anticipating. Advance Auto Parts — The auto parts retailer tumbled 4% after Bank of America downgraded the stock to underperform from neutral.

Persons: Patrick Spence, Macy's, Alibaba, Williams, Children's, Piper Sandler, John David Rainey, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Pia Singh Organizations: General Motors — General Motors, United Auto Workers, Sonoma, Cisco Systems —, Cisco, Alto Networks, Palo Alto Networks, billings, Walmart, CNBC, Bank of America, Citi Locations: U.S, Sonoma

☆ Stock Market Today: Cisco Stock Tumbles After Results
▼ + stars: | 2023-11-16 | by ( ) www.wsj.com time to read: +1 min

If sustained, the fall would wipe out $20 billion-plus in market value for Cisco, a Dow industrials component. Elsewhere, the market looked set for a breather after hitting a two-month high yesterday, with major indexes and bond yields little changed. Stock futures were little changed. Futures for the tech-oriented Nasdaq-100 slipped 0.2% while Dow industrials and S&P 500 futures were close to flat. Hong Kong’s Hang Seng Index fell more than 1% after data showed new home prices in China fell at a faster pace in October.

Persons: Dow industrials, Brent Organizations: Cisco, Dow, Stock Locations: U.S, China

☆ Cisco slumps after cutting annual profit, revenue forecasts
▼ + stars: | 2023-11-16 | by ( Arsheeya Bajwa | ) 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. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsNov 16 (Reuters) - Cisco (CSCO.O) tumbled more than 12% on Thursday after cuts to its annual forecasts raised fears that excess inventory with customers was sapping new orders in its mainstay networking equipment business. Cisco blamed the weakness on a slowdown in orders in the first quarter, saying "customers are currently focused on installing and implementing products in their environments". "Now, they've exhausted their excess backlog and the business is stepping back down to lower revenue run rates," Jefferies analyst George Notter said in a note. Cisco trades at more than 13 times its 12-month forward earnings estimates, compared with the industry median of 10.98.

Persons: Nacho, Jefferies, George Notter, Notter, Morningstar, William Kerwin, Arsheeya, Pooja Desai Organizations: Cisco, Congress, REUTERS, Thomson Locations: Barcelona, Spain, Bengaluru

☆ With an intensified focus on AI, VC firm Mayfield is closely watching for 'maturing' early-stage gen AI startups in 2024
▼ + stars: | 2023-11-16 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

In July, the firm announced its first dedicated seed fund focused on AI called AI Start. Prior to launching AI Start, Mayfield had already backed 25 early-stage startups in the space like MindsDB. Reddy's background makes him a perfect fit to lead the $250 million fund, Chaddha told Business Insider. This year, Chaddha tapped him to lead its new AI seed fund. With the AI Start fund, the team plans to double down and lead deals in seed stage and pre-seed generative AI startups, as well as AI infrastructure startups with an enterprise focus.

Persons: Mayfield, Vijay Reddy, who's, Reddy, Navin Chaddha, Mayfield's, Chaddha, He's Organizations: Business, Intel Capital, Cisco, Clear Ventures, Mayfield Locations: Mayfield

☆ Jim Cramer considers taking profits in Alphabet to maintain discipline in the portfolio
▼ + stars: | 2023-11-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Jim Cramer said he's wary about the high concentration of some stocks in the portfolio like GOOGL. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Palo Alto, we're, Jim, Jim Cramer's Organizations: CNBC, Walmart, Cisco, Palo, Club, Costco, Nvidia, Jim Cramer's Charitable Locations: overbought

☆ 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

☆ Stocks making the biggest moves premarket: Walmart, Cisco, Palo Alto Networks and more
▼ + stars: | 2023-11-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Cisco Systems — Shares tumbled nearly 11% during premarket trading on the back of the company's earnings guidance for the current quarter, which fell below analyst estimates. Palo Alto Networks — Shares slid more than 6% after Palo Alto Networks issued a weaker-than-expected billings forecast for the current quarter and full year. Tencent Music Entertainment — Shares climbed slipped 1.4% in premarket trading following quarterly earnings that missed the mark. StoneCo — The fintech company added 1.2% during premarket trading after Bank of America upgraded shares to buy from neutral.

Persons: StoneCo, Mario Pierry, — CNBC's Michelle Fox, Brian Evans, Sarah Min Organizations: Walmart, LSEG, Revenue, Cisco Systems, Cisco, Palo Alto, Palo Alto Networks, billings, Citi, Tencent, JPMorgan, Goodyear Tire, Deutsche, Goodyear, Bank of America

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. Shares of Cisco Systems (CSCO.O) shed 11.5% as the communications and networking firm cut its full-year revenue and profit forecasts on slowing demand for its networking equipment. However, regional (Fed) authorities have very diverse opinions and (it) confuses investors," said Peter Andersen, founder of Andersen Capital Management in Boston. However, Andersen said he is still optimistic about the possibility of a soft landing for the economy and a year-end rally. Declining issues outnumbered advancers for a 1.02-to-1 ratio on the NYSE and for a 1.45-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Peter Andersen, Andersen, Michael Barr, Li Auto, Joe Biden, Xi Jinping, advancers, Shristi Achar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Cisco, Dow, Nasdaq, Walmart, Cisco Systems, Target, U.S . Federal, Andersen Capital Management, Treasury, Labor, Dow Jones, Palo Alto Networks, Baidu, U.S, NYSE, Thomson Locations: New York City, U.S, Boston, billings, Bengaluru

☆ 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

☆ Cisco earnings on the deck: Here's what to watch
▼ + stars: | 2023-11-15 | 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 EmailCisco earnings on the deck: Here's what to watchStephanie Link, Hightower Advisors chief investment strategist and portfolio manager, joins 'Closing Bell' to discuss retail earnings and more.

Persons: Stephanie Link, Hightower Organizations: Cisco, Hightower Advisors

☆ S&P 500 futures are little changed as traders hope to build on November rally: Live updates
▼ + stars: | 2023-11-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Wednesday night as investors looked to extend November's hot streak. The S&P 500 and Nasdaq Composite climbed about 0.2% and 0.1%, respectively. Tuesday's session brought the biggest gains for the S&P 500 and Nasdaq since April. With November about halfway through, the S&P 500 is up more than 7% for the month, while the Dow has advanced nearly 6%. That's because the recent inflation data can imply the Federal Reserve is done raising interest rates.

Persons: Dow, Barbara Doran, Doran, Loretta Mester, John Williams Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Cisco Systems, Palo Alto Networks, Reserve, Dow, BD8 Capital Partners, Cleveland, New York, Walmart Locations: billings, Macy's

☆ Cisco stock plunges on light guidance after product order slowdown
▼ + stars: | 2023-11-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

During the quarter, new product orders slowed down, mainly because clients are busy installing and implementing products after strong delivery in the three previous quarter, Cisco said in the statement. The company now sees $3.87 to $3.93 in adjusted earnings per share on $53.8 billion to $55.0 billion in revenue. During the quarter Cisco announced plans to acquire data analytics software maker Splunk for $28 billion. Notwithstanding the after-hours move, Cisco share have climbed 12% so far this year, trailing the S&P 500 index, which is up 17% over the same period. WATCH: Cisco earnings on the deck: Here's what to watch

Persons: Chuck Robbins, LSEG, Refinitiv, Robbins Organizations: Cisco, LSEG, Nvidia Locations: Davos, Switzerland

☆ Morning Bid: Inflation on the ropes, shutdown averted
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. Much like then, the sheer scale of the yield swoon has stoked bond volatility gauges (.MOVE) too. What's more, a quarter point rate cut by May is now 80% priced and 100bps of easing through 2024 is now baked in. U.S. corporate news stays on retail later as Target reports earnings, following a beat by Home Depot on Tuesday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Xi Jinping's, Joe Biden, Russell, Austan Goolsbee, Berkshire Hathaway, Warren Buffett, Michael Barr, Thomas Barkin, Jonathan Haskel, Xi Jinping, Bernadette Baum Organizations: New York Stock Exchange, REUTERS, Wall, Chicago Fed, Bank of America, Home Depot, Berkshire, General Motors, Procter, Gamble, Richmond Fed, Bank of England, APEC, Cisco Systems, Palo Alto Networks, Reuters, NFIB, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, Wall, UK's, York, San Francisco

☆ Cisco CEO Chuck Robbins: We've really cleared our backlog over the last quarter
▼ + stars: | 2023-11-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Cisco CEO Chuck Robbins: We've really cleared our backlog over the last quarterCisco Chair and CEO Chuck Robbins joins 'Mad Money' host Jim Cramer to talk quarterly earnings, partnering with Nvidia, outlook for the future and more.

Persons: Chuck Robbins, We've, Jim Cramer Organizations: Cisco, Nvidia

Search resuls for: "CISCO"

25 mentions found