Latest news with #Cisco Systems
Bloomberg
5 days ago
- Business
- Bloomberg
Cisco Gives Lukewarm Outlook, With Investors Craving AI Boost
Cisco Systems Inc., the largest maker of machines that run computer networks and the internet, gave a lukewarm forecast for the current fiscal year, disappointing investors who hoped for a boost from massive AI data center projects. Sales will be between $59 billion and $60 billion in the fiscal year that runs through July 2026, the company said in a statement Wednesday. At the midpoint, that's roughly in line with the average Wall Street estimate of $59.5 billion, according to data compiled by Bloomberg. Some analysts, though, we're looking for more than $61 billion.
Yahoo
06-08-2025
- Business
- Yahoo
Fortinet forecasts third-quarter sales below estimates as trade uncertainty weighs
(Reuters) -Fortinet forecast third-quarter revenue below Wall Street estimates on Wednesday, as businesses cut back on spending amid widespread macroeconomic uncertainty stemming from global trade tensions, sending shares down 12% in extended trading. U.S. President Donald Trump's ongoing global trade negotiations have led to an uncertain economic environment, prompting businesses to reassess significant investments, which has hurt demand for Fortinet's services. The cybersecurity firm expects to generate revenue between $1.67 billion and $1.73 billion for the third quarter. The midpoint of this range is just shy of analysts' average estimate of $1.71 billion, according to data compiled by LSEG. Fortinet offers integrated cybersecurity solutions, including firewalls, intrusion prevention systems and cloud-based threat protection, and competes with companies such as Palo Alto Networks, Cisco Systems and Check Point Software Technologies. Consolidation in the industry is pressuring providers like Fortinet, as rivals such as Palo Alto Networks move to expand aggressively, which said last month it will buy Israeli peer CyberArk Software, for about $25 billion. Fortinet raised its forecast for annual billings to a range of $7.33 billion to $7.48 billion, up from the prior range of $7.20 billion to $7.40 billion. The company posted revenue of $1.63 billion for the second quarter ended June 30, in line with estimates. Adjusted profit for the quarter stood at 64 cents per share, beating estimates of 59 cents per share. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Income Stocks Spotlight: What Makes Cisco Systems (CSCO) Stand Out
Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 11 Best Income Stocks to Buy According to Hedge Funds. A young professional in a suit examining stocks on a tablet computer in a mid-town office building. Cisco Systems, Inc. (NASDAQ:CSCO) is a leading technology company known for its networking, security, software, and cloud computing solutions. It builds routers and switches that help transmit data across networks. In the third quarter of fiscal 2025, the company reported $14.1 billion in revenue, marking an 11% increase from the previous year. Earnings per share also rose 35% to $0.62. Artificial intelligence has become a key growth area for Cisco Systems, Inc. (NASDAQ:CSCO), generating over $1 billion in AI-related revenue in 2024. The company aims to at least double that figure in 2025. Its recent $28 billion acquisition of Splunk has also played a major role in expanding its capabilities, particularly in network management, security, and AI integration. Cisco Systems, Inc. (NASDAQ:CSCO) currently pays a quarterly dividend of $0.41 per share and has a dividend yield of 2.41%, as of July 31. The company has been rewarding its shareholders with growing dividends for the past 18 years, which makes it one of the best dividend stocks for income investors. While we acknowledge the potential of CSCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Income Stocks Spotlight: What Makes Cisco Systems (CSCO) Stand Out
Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 11 Best Income Stocks to Buy According to Hedge Funds. A young professional in a suit examining stocks on a tablet computer in a mid-town office building. Cisco Systems, Inc. (NASDAQ:CSCO) is a leading technology company known for its networking, security, software, and cloud computing solutions. It builds routers and switches that help transmit data across networks. In the third quarter of fiscal 2025, the company reported $14.1 billion in revenue, marking an 11% increase from the previous year. Earnings per share also rose 35% to $0.62. Artificial intelligence has become a key growth area for Cisco Systems, Inc. (NASDAQ:CSCO), generating over $1 billion in AI-related revenue in 2024. The company aims to at least double that figure in 2025. Its recent $28 billion acquisition of Splunk has also played a major role in expanding its capabilities, particularly in network management, security, and AI integration. Cisco Systems, Inc. (NASDAQ:CSCO) currently pays a quarterly dividend of $0.41 per share and has a dividend yield of 2.41%, as of July 31. The company has been rewarding its shareholders with growing dividends for the past 18 years, which makes it one of the best dividend stocks for income investors. While we acknowledge the potential of CSCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
LBCI
16-07-2025
- Business
- LBCI
Bahrain, US firms sign $17 billion in deals to deepen economic ties
Bahraini and U.S. companies signed a series of agreements worth approximately $17 billion, aimed at strengthening economic ties and advancing cooperation across key sectors, Bahrain's state news agency BNA reported on Wednesday. The deals span sectors such as aviation, technology, industry, and investment. Among the agreements, Cisco Systems will provide digital solutions for Bahrain's government information and telecommunications infrastructure. Separately, plans were announced to establish an 800-kilometre (497-mile) multi-fiber submarine cable linking Bahrain, Saudi Arabia, Kuwait, and Iraq to global networks, according to BNA. Bahraini financial institutions and private-sector firms also announced plans to invest $10.7 billion in the United States, while sovereign wealth fund Mumtalakat signed deals with several U.S. companies to invest $2 billion in downstream aluminium projects, with a focus on job creation. The signing ceremony took place during Bahraini Prime Minister and Crown Prince Salman bin Hamad Al Khalifa's visit to Washington late on Tuesday. He emphasized that expanding cooperation with the United States could help create new economic opportunities through investment and collaboration. Reuters
