Technology bellwether Cisco reported earnings and sales on Wednesday that topped analysts’ expectations. Does this signal better news for the rest of the sector? David Eiswert, vices president and portfolio manager at T. Rowe Price Associates shared his favorite tech plays.
After the bell, the traders sifted through the latest results from Cisco. Is it safe to say the strong results bode well for the rest of the sector?
Technology bellwether Cisco is expected to announce fiscal-second quarter earnings results after the bell. Jason Ader, analyst at William Blair & Company and Simon Leopold, communications equipment analyst at Morgan Keegan & Co shared their analysis on the company.
What follows is a roundup of corporate earnings reports for Thursday, Jan. 28.
Last month, when Google engineers at their sprawling campus in Silicon Valley began to suspect that Chinese intruders were breaking into private Gmail accounts, the company began a secret counteroffensive.
The Dow and the S&P 500 closed at fresh 15-month highs as shares of big manufacturers advanced on strong Chinese economic data, but the Nasdaq fell as tech shares succumbed to profit-taking.
Stocks are poised for solid gains at the start of trading Monday, following rallies in major markets in Asia and Europe.
Growth in 2010 will be stronger than what the markets expect, said Barry Knapp, head of U.S. portfolio strategy at Barclays. He shared his stock picks and market outlook for next year.
Tech investors are scrambling to figure out which end is up after Apple broke its 50-day move average while Cisco and Juniper action seemed very bullish.
This network-security company will be priced a lot cheaper than it’s worth, Cramer says.
The Dollar Index is up for a second day in a row on Treasury Secretary Geithner's comments that the administration is committed to a stronger dollar. Despite the small gain, the US Dollar is now down over 15% since March relative to a basket of foreign currencies and many traders are betting it will continue its slide.
A former tech bubble victim could be the industry’s most likely takeover target, Cramer says.
After a surprising deal from HP, the markets reacted after hours to the acquisition of the week. The Fast Money traders give you the outlook and analysis you need to trade on the news.
Earlier this year, Cisco opened a major front against one-time partners Hewlett-Packard and IBM in the hotly competitive, and fast-growing server market with its blade, and so-called Unified Computing System initiative.
Cisco Systems reported a profit that declined from last year's levels but handily beat Wall Street estimates, pushing the company's stock higher in late trading.
In extended trade shares of Cisco popped as much as 4% after the company beat Street estimates. But is it enough to spark a rally?
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Cramer offered up a couple of possibilities.
Cisco has agreed to buy Norwegian videoconferencing company Tandberg for $3 billion in cash, its latest bet that video will drive demand for its data transmission gear. The acquisition fills the gap between Cisco's high-end video meeting service and its WebEx tool.
At least 10 stocks in the S&P 500 hit new 52-week highs on Friday. Is this market just determined to keep climbing?