Cisco Systems Inc
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Stocks closed down 1 percent after the minutes from the last Fed policy setting meeting suggested the central bank could begin tapering bond purchases sooner than the market expects.
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Chris Dedicoat, president of Cisco EMEA, says all global segments returned to order growth in the first quarter and explains why it remains invested in Southern Europe despite persisting challenges.
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Frank Calderoni, CFO & Executive VP at Cisco, crunches the company's earnings numbers, citing growth in the U.S. as one of the key drivers.
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NEW YORK, May 15- Network equipment maker Cisco Systems Inc posted a higher than expected quarterly profit and said current quarter revenue could increase, giving some relief to investors who had worried it was being hurt by weak technology spending.
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Cisco's third quarter could be foreshadowing growth for the sector, Brian Marshall of ISI Group says.
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*Internet shares among day's gainers; Google hits new high. But shares of Apple's rival Google shot up to a new record high at $916.38 on news that it has adopted a streaming music business model. Google closed at $915.89, up 3.3 percent.
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Cisco shares jumped after the firm beat on earnings, citing signs of improvement. "I am a little surprised," one trader said, as it was a tough quarter for other networking firms.
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Stocks regained their footing in choppy trading Wednesday, with the Dow and S&P 500 closing at a fresh high, but a sharp decline in Apple kept a lid on the Nasdaq's gains.
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Check out which companies are making headlines after the bell Wednesday:
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NEW YORK, May 15- Cisco Systems Inc posted a higher than expected quarterly profit, suggesting that technology spending could be picking up for the network equipment maker's customers. Cisco shares rose about 5 percent after Chief Executive John Chambers said in a statement that the company was seeing good signs in a "slow, but steady economic environment."
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CNBC's Jon Fortt has details on Cisco earnings. Mark Sue, RBC Capital Markets, and Erik Suppiger, JMP Securities, discuss.
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Cisco Systems Inc. fell. 2 percent to $21.23 with 16,073,900 shares traded. Facebook Inc. fell. 8 percent to $26.86 with 14,183,400 shares traded. Groupon Inc. rose 4.9 percent to $7.23 with 20,733,300 shares traded.
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Stephanie Link, TheStreet, and Jon Najarian, Optionmonster, discuss whether they like or dislike Cisco stock now. And Ken Allen, T. Rowe, shares his reasons for liking Microsoft now.
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U.S. stock index futures remained lower Wednesday following a batch of tepid economic reports and a day after the Dow and the S&P 500 rallied to close at fresh highs.
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Brian White, Topeka Capital Markets analyst, discusses why he thinks it's going to be a "tough sales quarter and a tough sales outlook" for the tech giant.
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It's an unusual combination: Rising stock market, rising Treasury yields and a firming dollar. Here's what it might mean.
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Cisco Systems Inc. rose. 3 percent to $21.34 with 17,339,700 shares traded. Dell Inc. fell. 5 percent to $13.46 with 16,335,000 shares traded. Facebook Inc. rose 1.1 percent to $27.12 with 15,178,400 shares traded.
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WASHINGTON _ Labor Department releases the Producer Price Index for April, 8:30 a.m. Eastern. WASHINGTON _ Treasury releases international money flows data for March, 9 a.m.. WASHINGTON _ National Association of Home Builders releases housing market index for May, 10 a.m..
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TheStreet.com takes a closer look at the catalyst events that could move the stock more than 10 percent, and short sellers have to be prepared.
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CNBC's Seema Mody looks ahead to Cisco's earnings report Wednesday after the bell. Analysts are looking for a five percent jump, year over year.
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Stocks finished flat in lackluster trading Monday after the S&P 500 briefly touched a new all-time high.