Tag Archives: csco

Cisco Systems’ Q3 Could See Upside From New Products

Cisco Systems’ (CSCO) third-quarter earnings, set for release after the market close Wednesday, could show better-than-expected upside due to improving fundamentals and cloud prospects. That’s the assessment from Brent Bracelin, an analyst for Pacific Crest Securities, who late Sunday upgraded his rating of the company to overweight from sector weight. In a research report, Bracelin says the April quarter could be the beginning of a multiquarter

Apple, King Of Cash, Also King Of Debt From Buybacks

Apple’s cash hoard jumped 12% in 2014 to $178 billion, says Moody’s Investors Service, but Apple has also piled up debt to support its share buyback and dividend programs. Apple’s cash on hand again ranks tops among U.S. companies, Moody’s said in a research report. But Apple now also holds more debt than tech heavyweights IBM (IBM), Oracle (ORCL), Microsoft (MSFT), Cisco Systems (CSCO) or Intel (INTC), according to company reports. Apple on

Cisco Systems Names New CEO To Replace Chambers

Cisco Systems (CSCO) is digging in for its next leg of growth, and has named a new executive to lead the way. The longtime No. 1 maker of computer networking equipment early Monday said Chuck Robbins, a senior vice president who joined Cisco in 1997, will succeed John Chambers as the company’s chief executive officer starting July 26. Chambers, who has served as CEO since 1995, will become Cisco executive chairman. Cisco stock was up 0.4% in