Cisco Systems, Inc. stock price

Cisco Systems, Inc. latest news:


  • 08/24/2017 14:37:26

    Pure Storage gains after CEO switch, guidance boost

    Pure Storage Inc. announced a change at the top along with a slightly more optimistic annual forecast Thursday afternoon, and shares gained in late trading. The enterprise flash-storage company said that Chief Executive Scott Dietzen, who led Pure Storage through its 2015 initial public offering, would step down from the CEO role and transition to chairman. He will be replaced by Charles Giancarlo, previously an executive at Silver Lake Partners and Cisco Systems Inc. , effective immediately. Pure Storage also revealed its earnings for the second quarter and increased its forecast for full-year revenue to a level that suggests the company could hit $1 billion in annual sales for the first time. The company reported a net loss of $61.7 million, or 29 cents a share, on revenue of $224.5 million, up 38% from $163.2 million in the year-ago quarter. After adjusting for stock-based compensation and other effects, Pure Storage claimed a loss of 11 cents a share after reporting adjusted quarterly losses of 16 cents a share a year ago. Analysts on average expected an adjusted loss of 5 cents a share on sales of $218.1 million. Pure Storage also added $10 million to the bottom of its projected revenue range for the full year, which is now $985 million to $1.025 billion. Pure Storage shares gained more than 4% in after-hours actions following the report, after closing the regular session with a 0.8% decline at $12.56.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/21/2017 14:01:54

    Home Depot, Cisco Systems Buoy DJIA on Monday


  • 08/21/2017 08:37:01

    Cisco plans to acquire hyperconvergence startup for $320 million

    Shares of Cisco Systems Inc. were up less than 1% Monday morning after the company said it plans to acquire Springpath Inc., a hyperconvergence startup, for $320 million in cash and equity awards. Hyperconvergence has been heating up in the tech space, as the software combines storage and computing functionality in a hybrid-cloud environment. Hewlett Packard Enterprise Co. made a move into the space this year, with a$650 million cash acquisition of Simplivity. Cisco said it has been working with Springpath since the beginning of 2016, when they worked to launch HyperFlex, Cisco's own hyperconvergence system. Cisco's acquisition is expected to close in the first quarter of Cisco's 2018 fiscal year, which runs until Oct. 28. Shares of Cisco have lost 4.3% in the past month, while the S&P 500 has lost 2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/18/2017 14:01:43

    Nike, Cisco Systems Weigh on DJIA Friday


  • 08/17/2017 14:53:38

    How major US stock market indexes fared Thursday

    US stocks dropped Thursday as losses for Cisco Systems hurt technology companies while Wal-Mart declined after its latest quarterly report

  • 08/17/2017 14:31:23

    Wal-Mart Stores, L Brands and Cisco Systems skid

    Wal-Mart Stores, L Brands and Cisco Systems decline while Alibaba rises

  • 08/17/2017 14:20:24

    Dow books worst one-day decline in three months, down 274 points, as stock market swoons

    U.S. stock-index benchmarks finished sharply lower on Thursday, marking the first time all three major benchmarks closed with a decline of at least 1% on the same time in three months. The broad-market downdraft saw the Dow Jones Industrial Average register its worst single-session drop also in about three months and comes as investor sentiment was derailed by a terror attack in Barcelona and doubts about President Donald Trump's ability to push through legislation that is beneficial to Wall Street after a fervor over his response to a violent, white-supremacist rally in Charlotesville, Va. The Dow Jones Industrial Average ended down 1.2%, while the S&P 500 closed 1.5% lower, marking its lowest level since July 11. The Nasdaq Composite , which is skewed toward tech stocks, fell 1.9%, erasing its gains in the week to date. Cisco Systems was the worst performer on the Dow following poor fiscal fourth quarter earnings yesterday. The one-day decline for the Dow marked its sharpest since May 17, which was also the same day all the main equity benchmarks finished with a decline of at least 1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 09:53:41

    Quartet of stocks, led by Wal-Mart, Goldman, chop 50 points from Dow industrials

    The Dow Jones Industrial Average on Thursday was being yanked firmly lower in midday trade as four of its components were under severe pressure. Shares of Apple Inc. , Goldman Sachs Group Inc. , Wal-Mart Stores Inc. and Cisco Systems Inc. were exacting a more-than 50-point toll on the Dow , which was down more than 100 points, with those components representing the lion's share of the fall. Wal-Mart's share decline came even as the the giant retailer reported quarterly results that were better than expected, but showed disappointing sales in its Sam's Club unit. Cisco Systems Inc. lost 3.9% after the networking-equipment company late Wednesday reported earnings that missed forecasts. More broadly, the S&P 500 index was off 0.7% at 2,452, and the Nasdaq Composite Index was giving up 0.8% in early trade at 6,292. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 09:06:23

    US stocks slide after results from Wal-Mart and Cisco

    US stocks move lower as Wal-Mart's results weigh on retailers and a disappointing sales forecast from Cisco Systems puts pressure on technology companies

  • 08/17/2017 08:28:29

    Quartet of stocks, led by Wal-Mart, Goldman, chop 55 points from Dow industrials

    The Dow Jones Industrial Average on Thursday was being yanked firmly lower in early trade as four of its components were under severe pressure. Shares of Apple Inc. , Goldman Sachs Group Inc. , Wal-Mart Stores Inc. and Cisco Systems Inc. were exacting a more-than 50-point toll on the Dow , which was down more than 100 points at last check, with those components representing the lion's share of the fall. Wal-Mart's share decline came even as the the giant retailer reported quarterly results that were better than expected but showed disappointing sales in its Sam's Club unit. More broadly, the S&P 500 index was off 0.6% at 2,452, and the Nasdaq Composite Index was giving up 1% in early trade at 6,284. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 08:22:22

    Quartet of stocks, led by Wal-Mart, Apple, chop 50 points from Dow industrials

    The Dow Jones Industrial Average on Thursday was being yanked firmly lower in early trade as four of its components were under severe pressure. Shares of Apple Inc. , Goldman Sachs Group Inc. , Wal-Mart Stores Inc. and Cisco Systems Inc. were exacting a more-than 50-point toll on the Dow , which was down more than 100 points at last check, with those components representing the lion's share of the fall. Wal-Mart's share decline came even as the the giant retailer reported quarterly results that were better than expected but showed disappointing sales in its Sam's Club unit. More broadly, the S&P 500 index was off 0.6% at 2,452, and the Nasdaq Composite Index was giving up 1% in early trade at 6,284. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 07:08:27

    Wal-Mart, Cisco stock selloffs would shave about 20 points off the Dow

    Shares of Wal-Mart Stores Inc. and Cisco Systems Inc. are acting as a drag on the Dow Jones Industrial Average in premarket trade Thursday, in the wake of the companies' earnings reports. Wal-Mart's stock slumped $2.00, or 2.5%, ahead of the open, after the discount retail giant beat overall revenue expectations but Sam's Club sales came up short. That would take about 14 points off the Dow's price. Cisco shares fell 87 cents, or 2.7%, in premarket trade, after a downbeat outlook, which would shave about 6 points off the Dow. The combined drag on the Dow was 20 points, while Dow futures were down 63 points.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/16/2017 14:45:31

    Cisco's security business revenue growth misses estimates, shares drop

    (Reuters) - Cisco Systems Inc's revenue from its closely-watched security business rose less than analysts had estimated in the fourth quarter, sending the company's shares down about 2.5 percent in after-hours trading on Wednesday.

  • 08/16/2017 14:21:50

    Cisco shares fall after company predicts another drop in sales

    Shares of Cisco Systems Inc. fell more than 1% late Wednesday after the networking company reported fiscal fourth-quarter revenue and adjusted earnings in line with expectations but predicted another drop in revenue in the next quarter. Cisco said it earned $2.4 billion, or 48 cents a share, in the fiscal fourth quarter, compared with $2.8 billion, or 56 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $3.1 billion, or 61 cents a share, in the quarter, compared with $3.2 billion a year ago. Revenue fell 4% to $12.1 billion in the quarter, from $12.6 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 61 cents a share on sales of $12.1 billion. Cisco said it expects fiscal first-quarter revenue to fall between 3% and 1% year-over-year, and GAAP per-share earnings of 48 cents to 53 cents and adjusted per-share earnings between 59 cents and 61 cents for the quarter. The analysts surveyed by FactSet expect adjusted earnings of 60 cents a share in the fiscal first quarter. Cisco shares ended the regular session up 0.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/15/2017 15:08:37

    Tech companies ramp up NAFTA lobbying on eve of trade talks

    WASHINGTON (Reuters) - Technology companies, such as Microsoft and Cisco Systems have ramped up lobbying ahead of talks to renegotiate the North American Free Trade Agreement, looking to avoid any future restrictions on cloud storage and to promote an international pact to eliminate technology goods tariffs.

  • 08/11/2017 14:01:12

    Microsoft, Cisco Systems Buoy DJIA on Friday


  • 08/06/2017 16:04:39

    Infrastructure borrowing drops as U.S. states await Trump plan details

    SAN FRANCISCO/NEW YORK (Reuters) - President Donald Trump arrived in office having promised a bold $1 trillion infrastructure investment plan over 10 years for roads, bridges, airports and transit systems crumbling by the day across the United States.

  • 07/12/2017 14:19:56

    Box shares climb after former Apple exec named as chief operating officer

    Shares of Box Inc. were climbing 2% in after-hours trade Wednesday after the cloud storage company announced former Apple Inc. executive Stephanie Carullo as its new chief operating officer. Carullo will be taking over for Dan Levin, who has been in the position since 2010 and is also president of Box. He will remain on the board. Carullo comes to Box after leading U.S. sales for Apple's education business. Before that, Carullo led the data center and virtualization architecture group at Cisco Systems Inc. . Shares of Box have gained 12% in the past three months, compared to the S&P 500's gain of 4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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