Jim Cramer said these two Dow stocks are to be avoided at all costs until the end of the year.» Read More
The "Squawk on the Street" team discusses Cisco's dismal earnings report. Cramer says, Cisco had the worst quarter of any Dow stock the entire year.
*Cisco shares tumble after revenue warning. NEW YORK, Nov 14- The Dow and S&P 500 were on track to set fresh record highs at the open on Thursday, extending gains from late in the previous session after the release of remarks from Federal Reserve chair nominee Janet Yellen, while a slide in Cisco shares weighed on Nasdaq futures.
CNBC's Jim Cramer strongly criticizes Cisco and its earnings conference call after the company forecast a sharp revenue drop.
Cisco Systems delivered quarterly earnings that beat analysts' expectations on Wednesday, but revenue missed.
Nov 14- Cisco Systems Inc's shares were set to open about 13 percent lower after the network equipment maker forecast a steep drop in revenue, prompting at least two brokerages to downgrade its stock and 12 to cut their price targets.
U.S. stock index futures pointed to a mixed open on Wall Street on Thursday following dovish remarks from U.S. Federal Reserve Vice Chair Janet Yellen.
Some of the names on the move ahead of the open.
*Cisco shares tumble after revenue warning. NEW YORK, Nov 14- U.S. stock index futures edged higher on Thursday, holding on to gains late in the previous session after the release of remarks from Janet Yellen, nominee to lead the Federal Reserve, while a slide in shares of Cisco weighed on Nasdaq futures.
Digging into Cisco's earnings, with Jayson Noland, Robert W. Baird IT systems senior analyst.
SINGAPORE, Nov 14- U.S. technology companies including Cisco Systems Inc and IBM Corp are facing unprecedented difficulties selling their goods and services in China, as fallout from the U.S. spying scandal starts to take a toll.
Cisco's current CEO John Chambers says he is likely to stay at the company longer than some anticipated, reports CNBC's Jon Fortt.
Chris Dedicoat, EMEA and Russia president of Cisco, says that there is no "material impact" of spying on the company after Cisco blamed a weak first quarter on Chinese backlash against U.S. spying.
NEW YORK, Nov 13- Cisco Systems Inc warned its revenue would dive as much as 10 percent this quarter, and keep contracting until after the middle of 2014, as a backlash against U.S. government spying contributed to plummeting demand in emerging markets like China.
NEW YORK, Nov 13- Network equipment maker Cisco Systems Inc warned that its revenue would decline between 8 percent and 10 percent in its second fiscal quarter, sending its shares down almost 10 percent in late trade.
Check out which companies are making headlines after the bell Wednesday:
NEW YORK, Nov 13- The Dow and the S&P 500 ended at record highs on Wednesday, driven by gains in consumer discretionary shares after results from Macy's eased some worries about the holiday season.
NEW YORK, Nov 13- Network equipment maker Cisco Systems Inc said on its quarterly revenue rose less than expected due to weak demand in emerging markets, the United States and areas such as Southern Europe.
Cisco CEO John Chambers sees a lot of positives following Cisco's Q1 earnings, but sees challenges in the emerging markets. Chambers says Cisco is very well positioned in the cloud space and is the only server vendor that has a "really good" gross margin.
Erik Suppiger, JMP Securities, provides instant analysis to Cisco's Q1 earnings.
Cisco is reporting Q1 EPS of $0.53 ex-items on revenue of $12.09 billion vs. $12.34 billion estimated, with CNBC's Jon Fortt.