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CSCO

Cisco

$33.37

0.67 (2.05%)

18:20
09/22/17
09/22
18:20
09/22/17
18:20

Cisco completes acquisition of Springpath

Cisco announced that it has completed its acquisition of Springpath. Springpath has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems. The acquisition allows Cisco to continue to deliver next-generation data center innovation to its customers, and aligns with its overall transition to providing more software-centric solutions. Cisco's acquisition of Springpath is the culmination of the long-standing strategic relationship between the two companies, having worked together since 2016 to launch and deliver HyperFlex, the industry's first fully integrated hyperconverged infrastructure system. The acquisition will allow Cisco to continue to grow its computing business, enabling more customers to realize the benefits of simple and economic software-defined infrastructure. As part of Cisco, it will serve as a meaningful addition to Cisco's data center portfolio and will help Cisco provide simplicity and agility to its data center customers. Cisco acquired Springpath for $320M in cash and assumed equity awards, plus additional retention-based incentives.

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CSCO Cisco
$33.37

0.67 (2.05%)

09/06/17
DBAB
09/06/17
NO CHANGE
Target $40
DBAB
Buy
Deutsche sees 30% upside potential in Cisco shares
Deutsche Bank analyst Vijay Bhagavath believes investors are undervaluing the "value creation" from Cisco Systems' Growth Software portfolio. He is calling for 30% outperformance potential in the stock heading into FY18 and keeps a Buy rating on the shares with a $40 price target.
09/05/17
COWN
09/05/17
NO CHANGE
Target $38
COWN
Outperform
Cisco profitability being driven by Services business, says Cowen
Cowen analyst Paul Silverstein met with Cisco management and said his key takeaway was the company's Services business is driving both the revenue and operating profitability, which should improve the company's overall outlook. Management cited its Software and Premium Support Solutions, Professional Services, and continued operation improvement as the three key growth drivers, said Silverstein, who reiterated his Outperform rating and $38 price target on Cisco shares.
08/17/17
BARD
08/17/17
NO CHANGE
Target $38
BARD
Outperform
Cisco value seen at current levels, says Baird
Baird analyst Jayson Noland noted Cisco reported in line Q4 results and guidance was OK considering the shift to a subscription revenue model. The shift is a near-term revenue challenge but a strong long-term positive for the company. He said he continues to see value in Cisco shares at current levels. Noland reiterated his Outperform rating and $38 price target on Cisco shares.
08/17/17
UBSW
08/17/17
NO CHANGE
Target $37
UBSW
Buy
Cisco stock likely range bound following Q4 results, says UBS
UBS analyst Steven Milunovich noted Cisco reported a slight Q4 earnings beat offset by lower margins and inline guidance. The analyst feels the stock will be range bound for now given its low cloud exposure and a transition to recurring software revenue that reduces reported revenue growth. Milunovich maintained his Buy rating and $37 price target on Cisco shares.

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MERC

Mercer

$13.50

-0.05 (-0.37%)

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ADBE

Adobe

$153.00

2.62 (1.74%)

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MDB

MongoDB

20:46
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Syndicate
MongoDB 8M share IPO priced at $24.00 »

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VZ

Verizon

$48.65

0.25 (0.52%)

, PM

Philip Morris

$112.51

-0.14 (-0.12%)

20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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Verizon

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PPG

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$112.88

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RCI

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Nucor

$57.28

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DOV

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GPC

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TXT

Textron

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HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:12
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HP Enterprise raises share buyback by $5B, raises regular dividend 15% »

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HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:11
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HPE to simplify organizational structure, to drive cost savings of $1.5B »

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HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:10
10/18/17
10/18
19:10
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19:10
Earnings
HP Enterprise sees FY17 adjusted EPS view roughly $1.00, consensus $1.40 »

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HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:08
10/18/17
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19:08
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19:08
Earnings
HP Enterprise sees FY18 adjusted EPS $1.15-$1.25, consensus $1.20 »

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CME

CME Group

$136.37

0.18 (0.13%)

19:01
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CME Group, JPX enter agremenet to launch TOPIX futures contract on CME »

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UAL

United Continental

$67.99

0.48 (0.71%)

18:50
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Breaking Hot Stocks news story on United Continental »

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CSX

CSX

$53.68

-0.55 (-1.01%)

18:49
10/18/17
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18:49
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Hot Stocks
CSX discloses reduction of locomotives in maintenance program »

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VZ

Verizon

$48.65

0.25 (0.52%)

18:41
10/18/17
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Periodicals
Verizon targets spring 2018 start of delayed online TV service, Bloomberg says »

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IBM

IBM

$159.53

12.99 (8.86%)

18:37
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IBM CFO: Great start to 2H17 »

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SEAS

SeaWorld

$12.31

-0.17 (-1.36%)

18:26
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SeaWorld to eliminate approximately 350 positions in restructuring program »

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JPM

JPMorgan

$97.99

0.37 (0.38%)

18:12
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SEC names JPMorgan exec Redfearn Director of Division of Trading and Markets »

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VZ

Verizon

$48.65

0.25 (0.52%)

18:10
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Periodicals
Verizon targets spring start of delayed online TV service, Bloomberg says »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:04
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Steel Dynamics CEO optimistic conditions in place to benefit FY18 consumption »

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  • 19

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CE

Celanese

$104.03

-0.24 (-0.23%)

18:03
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Earnings
Celanese increases price for acetyls and engineered materials products »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:01
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Earnings
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  • 19

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OPTT

Ocean Power

$2.00

0.56 (38.89%)

17:59
10/18/17
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Syndicate
Ocean Power files to sell common stock in 'best efforts' offering »

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  • 20

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TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

, TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

17:58
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Japan regulators probing Toshiba reporting practices for FY16/17, Nikkei says »

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TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

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PNW

Pinnacle West

$87.34

-0.42 (-0.48%)

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Pinnacle West raises quarterly divided 6.1% to 69.5c per share »

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GILD

Gilead

$80.01

-0.23 (-0.29%)

17:46
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POT

Potash

$19.24

0.08 (0.42%)

, AGU

Agrium

$107.73

0.55 (0.51%)

17:37
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Hot Stocks
Potash, Agrium: India approves proposed merger of equals transaction »

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POT

Potash

$19.24

0.08 (0.42%)

AGU

Agrium

$107.73

0.55 (0.51%)

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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
10/18/17
10/18
17:36
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17:36
Earnings
Valmont lowers FY17 adjusted EPS view to $6.90-$7.04 from $7.06, consensus $7.09 »

Annual guidance was…

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