Tag: $Cisco Systrems

Cisco shares popped in extended trading on Wednesday after the networking company said it’s cutting 7% of its global workforce and reported quarterly results that topped analysts’ estimates.

Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street’s estimates, even with sales dropping from a year earlier. The stock rose as much as 8% in extended trading.

Cisco Systems stock was supposed to be an artificial intelligence winner by now. But despite the shares getting ever cheaper, Wall Street still isn’t convinced it’s time to buy.

Cisco Earnings Weigh on Arista, Juniper Stocks. Why the Reaction Is Overdone.

Cisco is acquiring cybersecurity software company Splunk  for $157 a share in a cash deal worth about $28 billion, the company said Thursday.

Cisco Systems stock moved higher in late trading Wednesday after the networking giant showed signs of improvement in its product orders.

Cisco Systems CSCO posted better-than-expected financial results for its fiscal third quarter, and inched up its guidance for the July fiscal year. But a decline in orders sent shares sharply lower in late trading.