Tag Archives: csco

Cisco Systems Making Noise As New CEO Takes Reins

Investors and analysts greeted the first earnings report by Cisco Systems (CSCO) under its new CEO with open arms, as the company’s fiscal Q4 beat late Wednesday sent shares rising to a nearly two-month high. Cisco stock was up nearly 4% in midday trading in the stock market today, near 29. Company watchers say the changing of the guard from John Chambers’ 20-year reign as CEO to that of newly promoted CEO Chuck Robbins seems to have reinvigorated

Cisco Ends Chambers Era With Another Earnings Beat

Networking leader Cisco Systems late Wednesday put a kicker on the end of Chief Executive John Chambers’ era with an earnings and revenue beat, which was typical of the firm under Chambers’ 20-year reign. Cisco (CSCO) said that earnings minus items for its fiscal Q4, which ended July 25, rose 7.3% from the year-earlier quarter to 59 cents, ahead of the 56-cent consensus forecast of analysts polled by Thomson Reuters. Revenue rose 3.9% to $12.8

Cisco Overvalued Or Tremendous Bargain? Q4 May Answer

Analysts, and some investors, are divided over whether Cisco Systems (CSCO) is one of the most overvalued stocks on the market, or one of the biggest bargains out there. Now undergoing a rare change at the top, the No. 1 maker of networking gear is inspiring one school of thought that says a leader of closed networks won’t last long in a world that is fast moving to the cloud. It’s also got others believing that as the Web expands to include