Jim Cramer said these two Dow stocks are to be avoided at all costs until the end of the year.» Read More
Signs of rapidly worsening Chinese demand for IT giants IBM and Cisco Systems are starting to spook Hewlett-Packard investors.
Nov 14- Cisco Systems Inc's shares fell as much as 13 percent on Thursday after the network equipment maker forecast a steep drop in revenue for the current quarter, prompting at least 17 brokerages to cut price targets on its stock and two to downgrade their ratings. Analysts cut their price targets on Cisco's stock by as much as $6 to a low of $20.
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.
NEW YORK, Nov 6- Network equipment maker Cisco Systems Inc, looking to protect its core business from new competition, has bought out the remainder of its majority-owned data center technology start-up, Insieme, in a deal that could cost up to $863 million.
Some of the names on the move ahead of the open.
Stocks recovered from session lows to close higher Tuesday, with the S&P 500 hitting a new high above 1,750, after the tepid September jobs report gave further evidence to investors that the Federal Reserve will continue to support the economy at the current pace.
Check out which companies are making headlines after the bell Tuesday:
Oct 22- Juniper Networks Inc reported a nearly six-fold rise in quarterly profit due to a rebound in demand for network equipment from telecom service providers. Net income rose to $99 million, or 19 cents per share, in the third quarter, from $17 million, or 3 cents per share, a year earlier.
*Netflix shares extend gains on strong earnings, more subscribers. NEW YORK, Oct 22- U.S. stocks were set to open higher on Tuesday after weaker-than-expected job creation last month raised expectations that the Federal Reserve will continue to stimulate the economy at the current pace into 2014..
U.S. stock index futures tread water on Tuesday, ahead of the publication of the government's delayed non-farm payrolls data for September.
*Netflix shares extend gains on strong earnings, more subscribers. NEW YORK, Oct 22- U.S. stock index futures were little changed on Tuesday amid caution before the government's September payrolls report, which was delayed by the government shutdown.
*Netflix shares rally premarket a day after earnings. *Netflix shares rose 11.3 percent in premarket trading a day after it said it added 1.3 million U.S. streaming customers in September. Netflix's third quarter net income reached $32 million, up from $8 million a year earlier.
Corporate America's third quarter report card is not great, but it's good enough to keep stocks moving higher.
It was a "Who's Who" of guests on "Squawk Box"—everybody from Buffett to Bowles, Tepper to Cooperman, and McCain to Corker. "Talking Squawk," the official show blog, covers them all.
Take a look at some of Wednesday's midday movers:
Sept 30- Cisco Systems Inc Chief Executive John Chambers' total annual compensation almost doubled, the world's biggest network equipment maker said in a regulatory filing. Sixty-four-year old Chambers has been Cisco's CEO from 1995. During this time the company's stock has risen about six times.
NEW YORK/ HELSINKI, Sept 25- Nokia is discussing internally whether to approach French rival Alcatel-Lucent about a tie-up, part of the Finnish company's review of how it can grow after the planned sale of its handset business to Microsoft Corp, several people close to the matter said.
Check out which companies are making headlines after the bell Wednesday:
NEW YORK, Sept 4- U.S. stocks jumped for a second day on Wednesday, retracing most of last week's Syria- related losses as the strongest monthly U.S. auto sales figures in almost six years added to optimism about the economy.
Sept 4- Network equipment maker Ciena Corp forecast strong revenue for the current quarter as it gains from a recovery in spending by telecom carriers, its biggest customers. Ciena shares jumped 11 percent in premarket trading on the outlook and better-than-expected results.