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, Inc.    CSCO

Delayed Quote. Delayed  - 12/02 10:00:00 pm
29.25 USD   -0.68%
12:08a CISCO : Are you ready for Pokémon Go?
12/02 CISCO : Cloud Native CMTS, Next Gen Virtualization for Cable Access
12/02 CISCO : Is OTT Friend or Foe?
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CET

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, INC.
12:08a CISCO : Are you ready for Pokémon Go?
12/02 CISCO : Cloud Native CMTS, Next Gen Virtualization for Cable Access
12/02 CISCO : Is OTT Friend or Foe?
12/02 CISCO : Stack8 to Preview its New UC Managed Services Offerings at Cisco Connect..
12/02 CISCO : From DRM technology to a working content protection system
12/02 CISCO : Amendment to Combined Synopsis/Solicitation - Video Teleconferencing (VT..
12/02 DLT Solutions appoints new chief technologist for data analytics
12/02 CISCO : All Your Burning CW Crossover Questions, Answered
12/02 CISCO : Workplace nursery given 'Outstanding' rating in first inspection since o..
12/01 THE NEW DIGITAL DEAL : How retailers are transforming online shopping experience..
More news
Sector news : Communications & Networking - NEC
12/01DJMARKET SNAPSHOT : Dow Closes At Record High, Nasdaq Slumps On Weak Technology St..
12/01DJFitbit Set to Acquire Smartwatch Maker Pebble
11/29DJIntel Recruits ARM Executive Thomas Lantzsch to Head Connected Device Effort
11/29DJSamsung Electronics Says It Will Consider Restructuring
11/17 CISCO : profit forecast misses estimates, shares slip
More sector news : Communications & Networking - NEC
News from SeekingAlpha
12/02 Time To Sell Tech
12/01 With 2016 Nearing A Close, Our Dividend Growth Portfolio Is Up Almost 10%
12/01 The Big Gamble
12/01 GREENBLATT WIZARDRY : A Quantitative Look At The Magic Formula
11/30 Despite Mistakes, A Dividend Growth Investor Retires Early, Part II
Advertisement
Financials ($)
Sales 2017 48 387 M
EBIT 2017 14 990 M
Net income 2017 9 967 M
Finance 2017 19 390 M
Yield 2017 3,61%
P/E ratio 2017 15,49
P/E ratio 2018 14,28
EV / Sales 2017 2,65x
EV / Sales 2018 2,44x
Capitalization 147 832 M
More Financials
Chart CISCO SYSTEMS, INC.
Duration : Period :
Cisco Systems, Inc. Technical Analysis Chart | CSCO | US17275R1023 | 4-Traders
Full-screen chart
Technical analysis trends CISCO SYSTEMS, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 33,1 $
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates 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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CISCO SYSTEMS, INC.9.81%147 832
QUALCOMM, INC.28.36%94 757
TELEFONAKTIEBOLAGET LM..-42.30%17 222
MOTOROLA SOLUTIONS INC17.24%13 143
HARRIS CORPORATION19.17%12 967
JUNIPER NETWORKS, INC.-2.25%10 261
More Results