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CISCO REPORTS FIRST QUARTER EARNINGS
Prnewswire· 2024-11-14 05:05
SAN JOSE, Calif., Nov. 13, 2024 /PRNewswire/ -- News Summary: Broad-based acceleration in product orders reflecting normalizing demand Product orders up 20% year over year; up 9% year over year excluding Splunk Revenue of $13.8 billion in Q1, at the high end of our guidance range Strong profitability: GAAP gross margin of 65.9% and non-GAAP gross margin of 69.3%, above our guidance range GAAP EPS of $0.68 and non-GAAP EPS of $0.91, above our guidance range Q1 FY 2025 Results: Revenue: $13.8 billion De ...
Earnings Preview: What To Expect From Cisco Systems
Forbes· 2024-11-14 03:06
Cisco Systems is scheduled to report earnings after Wednesday’s close. In 2000, the stock hit a record high near $82/share and is currently trading near $60/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:Signage with logo at the Silicon Valley headquarters of networking company Cisco, San Jose, ... [+] California, Au ...
AI startup CoreWeave closes $650 million secondary share sale, with Cisco joining as investor
CNBC· 2024-11-14 01:00
核心观点 - CoreWeave是一家出租英伟达人工智能芯片的初创公司 周三完成6.5亿美元二次售股 现有股东向外部投资者出售股票 公司目标估值从5月的190亿美元提升到230亿美元[1] - CoreWeave与亚马逊和谷歌等大型云基础设施提供商竞争 为企业提供英伟达GPU用于AI工作负载 得到英伟达投资和微软认可[2] - 投资者热衷于向生成式AI相关公司投资 自ChatGPT走红后对计算能力需求飙升[3] - CoreWeave称能提供所需规模的基础设施 CoreWeave是首个提供英伟达H200 GPU的云提供商[4] - CoreWeave已融资140亿美元 5月筹集75亿美元新债务 10月宣布6.5亿美元信贷额度 与Core Scientific达成价值87亿美元的数据中心容量协议 多家投资公司参与二次售股[5] 融资情况 - CoreWeave完成6.5亿美元二次售股 现有股东向外部投资者出售股票 目标估值从190亿美元提升到230亿美元 已融资140亿美元[1][5] - 5月筹集75亿美元新债务 10月宣布6.5亿美元信贷额度[5] - 与Core Scientific达成价值87亿美元的数据中心容量协议[5] - 多家投资公司包括BlackRock Coatue和Fidelity参与二次售股[5] 业务竞争 - CoreWeave与亚马逊和谷歌等竞争 为企业提供英伟达GPU用于AI工作负载[2] - 得到英伟达投资和微软认可[2] - 是首个提供英伟达H200 GPU的云提供商[4] 行业背景 - 投资者热衷于向生成式AI相关公司投资 因ChatGPT走红后计算能力需求飙升[3]
Cisco and LTIMindtree Expand Partnership to Deliver Next-Generation Secure Access Globally
Prnewswire· 2024-11-13 09:00
News Summary: LTIMindtree will leverage Cisco Secure Access as its new security service edge (SSE) solution to protect its 80,000 hybrid workers with secure internet access, advanced zero trust network access and embedded AI. Extending its networking partnership with Cisco, LTIMindtree now offers next-generation SSE to its global clients via Cisco Secure Access. Clients can work jointly with both companies to adopt a broad set of cloud security functions in a single, easy-to-use dashboard with Cisco Secure ...
Cisco Earnings Preview: Is Old Tech Starting To Find A Bid?
Seeking Alpha· 2024-11-12 22:20
Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xav ...
Cisco Introduces Intelligent, Secure and Assured Wi-Fi 7 to Transform Employee and Customer Experiences
Prnewswire· 2024-11-12 22:00
A leap forward in wireless: AI-native, self-configuring and built for resilient, secure connectionsNews Summary: Cisco introduces Wi-Fi 7 access points, with the intelligence, security and assurance of Cisco's advanced networking portfolio. New AI-native wireless is location-aware, instantly adapts to any environment and continuously optimizes—with the power of Cisco Spaces built in to create smart workplaces. Unified subscription and hardware give Cisco customers ultimate flexibility by offering a seamles ...
Cisco Set to Report Q1 Earnings: Buy, Sell or Hold CSCO Stock?
ZACKS· 2024-11-12 01:35
Cisco Systems (CSCO) is set to release its first-quarter fiscal 2025 results on Nov. 13.The company anticipates first-quarter fiscal 2025 revenues between $13.65 billion and $13.85 billion. Non-GAAP earnings are expected between 86 and 88 cents per share. The Zacks Consensus Estimate for revenues is pegged at $13.76 billion, indicating a decline of 6.17% from the year-ago quarter’s reported figure. The consensus mark for earnings has been steady at 87 cents per share in the past 30 days, suggesting a year-o ...
Analyst Upgrades Cisco Systems Stock
Schaeffers Investment Research· 2024-11-11 22:12
Shares of digital communications technology firm Cisco Systems Inc (NASDAQ:CSCO) are 1.6% higher in pre-market trading following a lofty bull note. J.P. Morgan Securities upgraded CSCO to "overweight" from "neutral" and hiked its price target to $66 from $55, citing recovering demand for the companies' enterprise networking solutions and its positive impact on earnings.Coming into today, Cisco systems stock was up 14.9% since the start of 2024, with 27.7% added over the last three months. After the $57 leve ...
Gear Up for Cisco (CSCO) Q1 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2024-11-08 23:16
Wall Street analysts forecast that Cisco Systems (CSCO) will report quarterly earnings of $0.87 per share in its upcoming release, pointing to a year-over-year decline of 21.6%. It is anticipated that revenues will amount to $13.76 billion, exhibiting a decline of 6.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial ...
ePlus Wins Five Awards at 2024 Cisco Partner Summit Including Mass Scale Infrastructure Partner of the Year Globally and for the Americas
Prnewswire· 2024-11-04 21:30
HERNDON, Va., Nov. 4, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has been recognized with five partner awards at the 2024 Cisco Partner Summit, including Global Mass Scale Infrastructure Partner of the Year, Americas Mass Scale Infrastructure Partner of the Year, U.S. East Collaboration Partner of the Year, U.S. East Software Partner of the Year and U.S. Northeast Partner of the Year. Cisco Partner Awards recognize top-performing partners demonstrating service excellen ...