Cisco Systems Inc. blew away expectations for revenue growth in the holiday quarter, and executives predicted stronger growth in a revised annual forecast that sent shares more than 7% higher in after-hours trading Wednesday.
Analysts surveyed by FactSet on average expected adjusted net income of 85 cents a share on revenue of $13.42 billion. Shares climbed more than 7% in after-hours trading following the results, after closing up 1.6% in regular trading Wednesday at $48.45. “With Cisco’s strong Q2 performance, our fiscal 2023 is shaping up to be a great year,” Chief Executive Chuck Robbins said in a statement Wednesday.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Inside the Gray Market Keeping Cisco Tech in Stock in RussiaCisco stopped selling its gear in Russia, but the tech giant's routers and other equipment are easy to find in Moscow. Here’s why. Who supplied the Nazi's with their data needs used to run concentration camps? IBM. Who supplied the additive necessary for Nazi's to have an Airforce? J.P. Morgan. Who invented Fanta to market to Nazi's because it was unpatriotic to sell them their wares? Coke. Looks like it's time for STUXNET 2.O
Källa: WSJ - 🏆 98. / 63 Läs mer »
Cisco shares jump after networking company beats estimates, boosts full-year guidanceCisco said it's seeing more recurring revenue, while efforts to improve the company's component supply availability are also paying off.
Källa: CNBC - 🏆 12. / 72 Läs mer »
Ex-Cisco chief John Chambers says more than a third of startups will fail in the next two years - Silicon Valley Business JournalThe excesses of the last few years are about to be worked out of the system, John Chambers said at a tech event Monday.
Källa: svbizjournal - 🏆 334. / 59 Läs mer »
STOCK MARKET NEWS: Futures lower, TSMC shares fall, retail sales on tapTaiwan Semiconductor shares fall after Buffett trims stake. Kraft Heinz and Cisco Systems headline earnings reports. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. 2/15/23: 🇺🇸 42 States have eliminated SALES TAX on Gold & Silver transactions. Banks around the World 🌎 keeps stock piling their Gold Reserves. Sell, Sell, Sell!
Källa: FoxBusiness - 🏆 458. / 53 Läs mer »
STOCK MARKET NEWS: Retail sales jump, Buffett’s Apple move, Tesla’s charging station shiftThe U.S. consumer is alive in well as spending surged in January, Warren Buffett updates Apple and Taiwan Semiconductor positions, Kraft Heinz and Cisco Systems headline earnings reports. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Treasury (in black) and long-term debt (in gray) de Capital Cities/ ABC.
Källa: FoxBusiness - 🏆 458. / 53 Läs mer »
Palantir posts first profitable quarter, stock soars after earningsPalantir Technologies Inc. logged its first-ever quarterly profit in the fourth quarter, and the company expects to continue on that trajectory this year. Couldn't you have told us this yesterday? Verify the accounting ... you never know !! Genius. Keep it up 📈 🚀 $PLTR peterthiel PalantirTech
Källa: MarketWatch - 🏆 3. / 97 Läs mer »