Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Cisco Systems    CSCO

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

TECH STOCKS: Cisco, NetApp Shares Fall; Angie's List Soars

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/14/2013 | 04:51pm CEST

By Dan Gallagher, MarketWatch

SAN FRANCISCO (MarketWatch) -- Technology stocks fell on Thursday, weighed down by selloffs for Cisco Systems Inc. and NetApp Inc. with some offsetting gains coming from Internet stocks such as Angie's List Inc.

The Nasdaq Composite index (RIXF) slipped 0.3% to 3,188 while the Morgan Stanley High-Tech Index (MSH) fell 0.3% and the Philadelphia Semiconductor Index (SOX) was down by a fraction.

Cisco (>> Cisco Systems, Inc.) shares fell 2% after the network giant reported a small sales gains for its second fiscal quarter and issued a forecast that was in line with Wall Street's estimates. The stock had rallied 25% since the company's prior earnings report.

"Investors may have to wait a bit longer if they were hopeful that Cisco Systems' earnings report would spark a rally in tech," wrote Scott Thompson of FBR Capital on Thursday, who added that the results "fell short of breakout performance."

Also down following its earnings report was NetApp (>> NetApp Inc.) , which was last trading down 2.5%. Earnings jumped 32% at the provider of network storage solutions, but NetApp's shares had also run up by more than 36% over the last three months.

Rohit Chopra of Wedbush kept his neutral rating on NetApp following the results, writing that "we remain cautious on the uncertain spending environment and advise investors to remain on the sidelines until signs of sustainable growth and visibility emerge."

One notable gainer was Angie's List (>> Angie's List Inc), which surged 30% following strong results and a positive forecast. Raymond James upgraded the stock to a strong buy rating before the opening bell.

Nvidia Corp. (>> NVIDIA Corporation) shares slipped by a fraction after Needham & Co. downgraded the chip maker to a hold rating following its results. "Rising opex growth is outpacing revenue growth, eliminating any earnings leverage," analyst Rajvindra Gill wrote in a note.

BlackBerry (RIMM) shares edged up 1% after falling more than 5% near the open. A regulatory filing by former co-CEO Jim Balsillie showed the former leader of the smartphone maker had sold all of his shares in the company. He had held an ownership stake of more than 5% as recently as late 2011, according to Dow Jones Newswires.

Balsillie stepped down as co-CEO in early 2012 as part of a major shake-up at the company that brought in current chief Thorsten Heins, who is leading the launch of the new BlackBerry 10 platform.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CISCO SYSTEMS
02:30a CISCO : and Splunk Demonstrate the Power of Integration
12:20a CISCO : September 22, 2017 Cisco Completes Acquisition of Springpath
12:14a CISCO : Completes Acquisition of Springpath
09/22 CISCO : Named a Leader in Gartner Magic Quadrant for Meeting Solutions
09/22 CISCO CCNA CYBER OPS SCHOLARSHIP : The Ins and Outs!
09/22 CISCO : Completes Acquisition of Springpath
09/22 CISCO : Corus360 Achieves Cisco Advanced Security Architecture Specialization
09/22 WOMEN IN TECHNOLOGY : Knowing Yourself & Owning Your Authenticity
09/22 CISCO : Why network security is like a beehive
09/22 CISCO : Mi-IDEA, the place to bee - Cisco and Manchester Science Partnerships op..
More news
News from SeekingAlpha
09/22 Cisco closes $320M Springpath acquisition
09/22 CISCO SYSTEMS : Bulls, Here It Comes
09/21 IBM VS. CISCO : Which Company Has Better Value?
09/20 Microsoft Corporation - Recently Added To The FFJ Portfolio
09/20 CISCO SYSTEMS, INC. : Long Term Value Play
Financials ($)
Sales 2018 48 157 M
EBIT 2018 14 991 M
Net income 2018 10 123 M
Finance 2018 35 131 M
Yield 2018 3,58%
P/E ratio 2018 16,95
P/E ratio 2019 16,10
EV / Sales 2018 2,70x
EV / Sales 2019 2,74x
Capitalization 165 B
Chart CISCO SYSTEMS
Duration : Period :
Cisco Systems Technical Analysis Chart | CSCO | US17275R1023 | 4-Traders
Technical analysis trends CISCO SYSTEMS
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 35,5 $
Spread / Average Target 6,3%
EPS Revisions
Managers
NameTitle
Charles H. Robbins Chief Executive Officer & Director
John T. Chambers Executive Chairman
Rebecca J. Jacoby Chief Operating Officer & Senior Vice President
Kelly A. Kramer Chief Financial Officer & Executive Vice President
Guillermo Diaz Chief Information Officer & Senior Vice President
Sector and Competitors
1st jan.Capitalization (M$)
CISCO SYSTEMS8.21%165 247
QUALCOMM-20.20%76 888
ERICSSON-16.75%18 926
ZTE CORPORATION--.--%16 325
HARRIS CORPORATION27.90%15 699
ARISTA NETWORKS INC94.78%13 857