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.» Read More
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.
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.
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.
Cisco's third quarter could be foreshadowing growth for the sector, Brian Marshall of ISI Group says.
*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.
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.
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.
Check out which companies are making headlines after the bell Wednesday:
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."
CNBC's Jon Fortt has details on Cisco earnings. Mark Sue, RBC Capital Markets, and Erik Suppiger, JMP Securities, discuss.
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.
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.
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.
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.
It's an unusual combination: Rising stock market, rising Treasury yields and a firming dollar. Here's what it might mean.
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.
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..
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.
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.
Stocks finished flat in lackluster trading Monday after the S&P 500 briefly touched a new all-time high.