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Wal-Mart Stores Inc : Today's Research Reports on Stocks to Watch: Wal-Mart and Cisco

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05/19/2017 | 02:12pm CEST

NEW YORK, NY / ACCESSWIRE / May 19, 2017 / Wal-Mart's shares soared higher on Thursday after the company released a first quarter earnings report that beat estimates. The company's turnaround efforts are paying off and investors were cheering. Cisco Systems on the other hand took a tumble after the worldwide leader in IT and networking reported even more job cuts and a disappointing outlook for Q4.

RDI Initiates Coverage on:

Wal-Mart Stores, Inc.

Cisco Systems, Inc.

Wal-Mart Stores, Inc.'s shares soared to a new high on Thursday after the company released better than expected earnings results for the first quarter. Wal-Mart's e-commerce sales saw 63% growth in the period and was the fastest growth the segment has had in the last five years. One of the most exciting parts of Wal-Mart's report was its same store sales in the US climbing 1.4%. This was ahead of the 1.3% that the Street had called for and also marked the retailer's 11th straight quarter of seeing positive domestic sales growth. Earnings per share at $1.00 was ahead of the $0.96 that analysts had waited for. The only negative was that net revenue at $117.5 billion was a little less than the $117.8 billion that was expected. CEO Doug McMillon commented, "We can see that we're moving faster to combine our digital and physical assets to make shopping easier and more enjoyable for customers." Shares closed up 3.19% yesterday and hit as high as $77.66 during intra-day trading.

Access RDI's Wal-Mart Stores Research Report at:

Cisco Systems, Inc.'s shares plunged on Thursday and had their worst day since November of 2013 after the company announced even more job cuts and a grim outlook. Cisco will be cutting an extra 1,100 jobs as part of its expanded restructuring plan. Considering that the company had already announced it would cut 5,500 jobs (7% of the workforce) in August 2016, traders were not happy. Despite earnings for the fiscal third quarter being better than expected, Cisco is weary about its fiscal fourth quarter. CEO Chuck Robbins told CNBC, "We saw a significant slowdown in the U.S. public sector, particularly the federal business ? which is a pretty significant business for us ? due to the uncertainty in budgets." The stock was the biggest loser on the S&P 500 yesterday and closed down 7.21%.

Access RDI?s Cisco Research Report at:

Our Actionable Research on Wal-Mart Stores, Inc. (NYSE: WMT) and Cisco Systems, Inc. (NASDAQ: CSCO) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.


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SOURCE: RDInvesting.com

© Accesswire 2017
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Financials ($)
Sales 2018 495 097 M
EBIT 2018 22 469 M
Net income 2018 13 160 M
Debt 2018 40 284 M
Yield 2018 2,60%
P/E ratio 2018 18,06
P/E ratio 2019 17,09
EV / Sales 2018 0,56x
EV / Sales 2019 0,55x
Capitalization 239 190 M
Duration : Period :
Wal-Mart Stores Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Technical analysis trends WAL-MART STORES
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 31
Average target price 80,2 $
Spread / Average Target 1,6%
EPS Revisions
C. Douglas McMillon Chief Executive Officer & Director
John Furner President
Gregory B. Penner Non-Executive Chairman
Michael J. Bender Chief Operating Officer-Global eCommerce
Brett M. Biggs Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
WAL-MART STORES13.60%239 190
CARREFOUR-9.55%18 830