Cisco posts
FeedPosted Nov 7th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Cisco Systems (CSCO), Starbucks (SBUX), Ford Motor (F), Toyota Motor Corp. (TM), MasterCard Inc'A' (MA), Activision Inc (ATVI), Polo Ralph Lauren'A' (RL)
Continue reading Earnings highlights: Cisco, Ford, Humana, MasterCard, Starbucks, Toyota ...
Posted Nov 4th 2009 6:00PM by Michael Fowlkes (RSS feed)
Filed under: Earnings reports, Forecasts, Good news, Cisco Systems (CSCO), Market matters, Technology, Recession

Following today's market close, technology giant
Cisco Systems (NASDAQ:
CSCO) had its chance to impress Wall Street with
its fiscal first quarter results, and the company did not disappoint.
Going into this afternoon's earnings report, analysts had been expecting to see the company show earnings of 31 cents per share, but the company surprised to the upside by posting actual earnings of 36 cents per share for its fiscal first quarter. For the same period last year the company had earnings of 42 cents per share.
Continue reading Cisco posts strong Q1 earnings
Posted Nov 1st 2009 10:10AM by Tom Johansmeyer (RSS feed)
Filed under: Cisco Systems (CSCO), Hewlett-Packard (HPQ), International Business Machines (IBM), EMC Corp (EMC), Technology
Neither company is saying a thing yet, but word is Cisco Systems (NASDAQ: CSCO) and EMC (NYSE: EMC) are joining up to sell a new collection of products designed to deliver cloud computing capabilities, Reuters reports. Called vBlock, the cloud solution is intended to help the companies compete more effectively with IBM (NYSE: IBM) and Hewlett-Packard (NYSE: HPQ).
The partnership, which no one is admitting to, involves a joint venture between Cisco and EMC that will sell vBlock. The former will supply the networking equipment and servers, with the latter kicking in the storage gear and virtualization technology through its VMWare (NYSE: VMW) subsidiary. The joint venture will put the systems together, integrate the components for clients, and make the whole pile of cables and silicon work. A formal announcement is expected next week.
Continue reading Cisco and EMC link up in the clouds
Posted Oct 13th 2009 12:50PM by Tom Taulli (RSS feed)
Filed under: Deals, Cisco Systems (CSCO)
Lately, it's been hard to keep track of the dealmaking at Cisco (NASDAQ: CSCO). But with a huge pile of cash and a need to find growth, the company is going back to its M&A roots -- in a big way.
The latest deal came Tuesday; that is, Cisco agreed to pay $2.9 billion for Starent Networks (NASDAQ: STAR), which develops infrastructure solutions to deliver multimedia on mobile devices. Keep in mind that a couple weeks ago Cisco purchased for $3 billion another multimedia operator, Tandberg (videoconferencing). And back in March, there was the $590 million deal for Pure Digital (which develops flip video cameras).
Continue reading Cisco goes mobile in a $2.9 billion deal
Posted Oct 7th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Cisco Systems (CSCO), Coca-Cola (KO), Walt Disney (DIS), Analyst initiations
Analyst upgrades:
- Deutsche Bank upgraded Coca-Cola (NYSE: KO) to Buy from Hold on expectations that stable volumes and a better outlook for currency and commodities will lead to higher earnings visibility. The firm raised its price target on shares to $62 from $52.
- FBR Capital upgraded Goodrich (NYSE: GR) to Outperform from Market Perform as it finds the stock's valuation compelling following the recent pullback. The firm raised its target on shares to $65 from $46.
- William Blair upgraded Cisco (NASDAQ: CSCO) to Outperform from Market Perform after channel checks indicated demand is accelerating as the firm finds the stock's valuation compelling at current levels.
- Robbins & Myers (NYSE: RBN) was upgraded to Outperform from Neutral at Baird.
- Disney (NYSE: DIS) and Viacom B (NYSE: VIA.B) were upgraded to Neutral from Underperform at BofA/Merrill, while News Corp. (NASDAQ: NWS) was upgraded to Buy from Neutral.
Continue reading Analyst upgrades, downgrades and initiations: ANN, DIS, CSCO, KO, NWS, PETM, ULTA ...
Posted Oct 1st 2009 11:40AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Alcoa Inc (AA), Analyst initiations
Analyst upgrades:
- Jefferies upgraded Consolidated Edison (NYSE: ED) to Buy from Hold on expectations the company will be able to reach a settlement with the New York PSC Staff that will provide benefits to both ratepayers and shareholders. The firm raised its target on shares to $46 from $40.50.
- Keefe Bruyette upgraded Public Storage (NYSE: PSA) to Market Perform from Underperform to reflect the company's balance sheet, industry leading position, and potential for accretive acquisitions. The firm raised its target on shares to $75 from $57.
- JPMorgan upgraded Big Lots (NYSE: BIG) to Overweight from Neutral to reflect valuation and industry data points that suggest a pick-up in discretionary spending. The firm has a $30 target on the stock.
- Alcoa (NYSE: AA) was upgraded to Buy from Hold at Deutsche Bank.
- East West Bancorp (NASDAQ: EWBC) was upgraded to Outperform from Market Perform at Keefe Bruyette.
- Bronco Drilling (NYSE: BDC) was upgraded to Neutral from Sell at UBS.
Continue reading Analyst upgrades, downgrades and initiations: AA, BIG, ED, FDX, MGM, MSFT, SKS ...
Posted Sep 28th 2009 10:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations
Analyst upgrades:
- Collins Stewart upgraded General Dynamics (NYSE: GD) to Buy from Hold as it finds the valuation compelling at current levels and sees potential upside from a better economy and better-than-expected defense budgets.
- SunTrust views the sell-off in shares of Cabot Oil (NYSE: COG) as a buying opportunity and expects the Pennsylvania Department of Environmental Protection order to be resolved quickly. The firm upgraded Cabot to Buy from Neutral.
- Barclays upgraded Cisco (NASDAQ: CSCO) to Overweight from Equal Weight based on expectations for improved carrier demand, continued U.S. momentum, and an improved Europe.
- Applied Materials (NASDAQ: AMAT) was upgraded to Buy from Hold at Citigroup.
- Stericycle (NASDAQ: SRCL) was upgraded to Gradually Accumulate from Hold at Soleil.
- Grupo Televisa (NYSE: TV) was upgraded to Neutral from Sell at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: AMAT, CSCO, GD, HOT, LIZ, RBS ...
Posted Aug 8th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Cisco Systems (CSCO), Caterpillar (CAT), Comcast Cl'A' (CMCSA), Procter and Gamble (PG), Amer Intl Group (AIG), News Corp'B' (NWS), Electronic Arts (ERTS), Sotheby's (BID), Marvel Entertainment (MVL), World Wrestling Entertainment (WWE)
Continue reading Earnings highlights: AIG, Caterpillar, Cisco, News Corp., Procter & Gamble ...
Posted Jul 31st 2009 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Cisco Systems (CSCO), Motorola (MOT), Walt Disney (DIS), Analyst initiations
Analyst upgrades:
- Morgan Keegan upgraded Motorola (NYSE: MOT) to Outperform from Market Perform due to the increased visibility of Android-based launches, as well as the stock's valuation.
- OfficeMax (NYSE: OMX) was upgraded to Buy from Hold by Citigroup, which cited the company's stabilizing sales trend, accelerating share gains, and valuation.
- Kaufman Bros. upgraded iRobot (NASDAQ: IRBT) to Buy from Hold on valuation.
- Cancaccord upgraded Rio Tinto (NYSE: RTP) to Buy from Hold citing the turnaround in the aluminum business and its exposure to copper.
- Wells Fargo upgraded Smith & Nephew (NYSE: SNN) to Market Perform from Underperform.
- BT Group (NYSE: BT) was upgraded to Neutral from Reduce by Nomura.
- Societe Generale raised L'Oreal (OTC: LRLCY) to Buy from Sell.
- Franklin Resources (NYSE: BEN) was upgraded to Buy from Hold by Sandler O'Neill.
Continue reading Analyst upgrades, downgrades and initiations: DIS, CSCO, K, MOT, OMX, RTP ...
Posted Jul 9th 2009 4:00PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Cisco Systems (CSCO), Hewlett-Packard (HPQ), Technology

Networking concern
3Com (NASDAQ:
COMS), whose colleagues include
Cisco Systems, Inc. (NASDAQ:
CSCO) and
Hewlett-Packard Company (NYSE:
HPQ), made an adjusted 10 cents per share in the company's fiscal
fourth quarter. Not so great, considering 3Com made an adjusted 9 cents per share one year ago.
In terms of estimates, 3Com did well. The market was expecting 5 cents per share. The analyst community was obviously worried that the recession was going to hamper profit growth more than it did. Of course, who could blame the analysts, right? After all, 3Com did see a better than 8% slide in top-line sales.
Continue reading 3Com shows little profit growth, stock sells off
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