Cisco reported quarterly results that exceeded estimates, but its guidance was subpar. The company attributed the decline in product orders to clients being preoccupied with implementing Cisco offerings from previous quarters. Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | …
Cisco is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion, the company said Thursday, in its largest acquisition ever. Splunk shares ended Thursday up 21%, while Cisco shares closed down 4%. Splunk’s technology helps businesses monitor and analyze their data to minimize the risk of hacks …
A sign is posted in front of a Broadcom office in San Jose, California, on June 3, 2021. Justin Sullivan | Getty Images News | Getty Images Discover the latest market buzz during midday trading. Cisco Systems, Splunk — The shares of Cisco fell by 4.2% on Thursday as the company announced its acquisition of …
The Walmart logo is seen near its store in Williston, Vermont, on June 19, 2023. Image source: Jakub Porzycki | Nurphoto | Getty Images Discover the top performers in premarket trading. Walmart— Walmart’s stock rose by up to 1% following the company’s raised full-year forecast and impressive earnings and revenue beats. The adjusted earnings per …
A CVS pharmacy in Bloomsburg, Pennsylvania. Paul Weaver | LightRocket | Getty Images Explore the latest developments of prominent companies during midday trading on Thursday. Cisco Systems — Shares of the renowned computer networking giant surged by 4% following the release of their postmarket earnings report that surpassed Wall Street’s expectations. The company’s adjusted earnings …
A runner jogs past the Cisco Systems headquarters in San Jose, California, on February 8, 2021. David Paul Morris | Bloomberg | Getty Images Discover the companies making waves in after-hours trading. Cisco Systems – The computer networking giant’s stock rose by approximately 2.5% after exceeding Wall Street’s expectations with its fiscal fourth-quarter earnings report. …
In Miami, on May 11, 2022, a Carvana used-car vending machine stands tall. Image source: Joe Raedle | Getty Images Take a look at the latest developments in the stock market: Carvana shares experienced a remarkable 30% surge following a debt reduction agreement that will eliminate over $1.2 billion of the company’s outstanding debt. This …