Last week, Cisco (NASDAQ: CSCO ) dropped a financial news bomb. It plans to deliver pink slips to 6,000 employees. Sadly, this news shouldn't surprise anyone who's been watching the market for a while.
Cisco Systems, Inc. (CSCO) is one of those dead-money tech stocks that gets a bad rap for a good reason. While the S&P 500 has roughly doubled in the last five years, CSCO stock is up a meager 15% in the same period.
Cisco (NASDAQ:CSCO) is a huge technology company with many investments in other firms outside of the United States. The company is fairly complex and there are bright people arguing for and against the stock.
On Wednesday afternoon, networking giant Cisco Systems (NASDAQ:CSCO) will report its fiscal fourth-quarter earnings. The company will finish off a bad fiscal year, but business conditions have improved in recent quarters.
After reporting better-than-expected results on August 13, Cisco Systems' (NASDAQ:CSCO) stock dropped 2.62% the next trading day in reaction to the company's announcement that it will lay off up to 6,000 workers, or 8 percent of its workforce.
In simple terms, Cisco Systems will need to beat and guide higher to push the share price materially higher. If Cisco Systems can meet or exceed, the earnings will also exceed last quarter. Last quarter sequentially, the company generated profits of 51 ...
Investor-Edge.com has issued its complimentary post-earnings review on Cisco Systems Inc. (NASDAQ: CSCO). The company was featured in the headlines on Wednesday, August 13, 2014, as its FY 2014 GAAP net income declined 21.3%.