We're trimming one of our tech stocks to protect against further supply chain issues

  • 📰 CNBC
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Investing Club: We're trimming one of our tech stocks to protect against further supply chain issues

We're selling 205 shares of Cisco Systems at roughly $45.39 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 1,300 shares of CSCO, decreasing its weighting in the portfolio to 2.01% from 2.32%. We're trimming our position in Cisco and downgrading our rating to 2 from a 1 , following the strong earnings report Monday night from Arista Networks . Arista reported a significant upside surprise with quarterly revenue of $1.

Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités