With U.S. stock futures trading lower this morning, investors are closely watching several companies set to release earnings today. CyberArk, Cisco, Rumble, MARA, and Beazer Homes are among the companies that are likely to attract attention from traders. See how these stocks performed in after-hours trading and what analysts are expecting.
Cisco Systems is bolstering its AI infrastructure by investing in CoreWeave, a cloud computing provider valued at $23 billion. This move reflects the growing demand for cloud services driven by the rise of AI applications like ChatGPT and the training of large language models.
Cisco has inaugurated a new manufacturing facility in Chennai, India, marking a significant investment in the country’s technology sector. The facility, built in collaboration with Flex, will produce Cisco’s Network Convergence System (NCS) 540 Series routers, create 1,200 jobs, and generate USD 1.3 billion in export revenue. This move signifies Cisco’s commitment to India’s growth and strengthens the country’s position as a global manufacturing hub.
CNBC’s ‘Halftime Report Final Trades’ featured insights on PayPal, Citizens Financial, Cisco, and iShares U.S. Real Estate. Analysts discussed bullish outlooks for these companies, highlighting their positive performance, dividend yields, and recent upgrades.
With Apple’s iPhone 16 launch today, Wall Street analysts are focusing on the tech giant’s potential for growth. Analysts also highlighted Cisco Systems and Kinetik Holdings, both with positive recent developments.
Paltalk, Inc. (PALT) received a $65.7 million verdict against Cisco Systems, Inc. (CSCO) in a patent infringement lawsuit. Despite the substantial award, Paltalk’s shares are trading lower due to potential post-trial proceedings and significant litigation costs. The company recently reported a decline in revenue and a net loss for the second quarter.
Top Wall Street analysts have recently upgraded their ratings for several prominent companies, including Cisco Systems, Nike, Teradyne, Microchip Technology, and Illumina. These upgrades come with increased price targets, suggesting a positive outlook for these stocks.
Cisco Systems, Inc. (CSCO) stock rallied in after-hours trading and continued its upward trajectory on Thursday following the company’s impressive fourth-quarter earnings report. Analysts provided their insights on the results, highlighting Cisco’s position in a challenging market and its future prospects.
The US stock market closed higher on Thursday, with the Dow Jones index gaining over 350 points, fueled by positive earnings reports from major companies. Cisco Systems, Inc. (CSCO) led the gains after exceeding revenue and earnings expectations for its fiscal fourth quarter. Other notable performers included AST SpaceMobile, Gambling.com, Perpetua Resources, Lumentum Holdings, and TeraWulf, all reporting strong financial results.
Cisco Systems, Inc. (CSCO) shares are surging in pre-market trading after the company reported better-than-expected fourth-quarter earnings, fueled by strong product orders. Despite revenue decline, Cisco’s focus on cybersecurity, cloud systems, and artificial intelligence (AI) is driving growth. However, the company announced plans to cut thousands of employees to reallocate resources towards these key areas.
