Fly News Breaks for February 13, 2020
Feb 13, 2020 | 07:31 EDT
Citi analyst Jim Suva says he expected the first half of 2020 to be difficult comps for Cisco Systems and that its January quarter results and April quarter outlook supported this view. While both the results and outlook were inline, the company's product orders were down 6%, which is worse than the down 4% three months ago, Suva tells investors in a post-earnings research note. This will create questions and concerns for investors, says the analyst, who responds by noting the comparisons are very difficult and don't get easier until the second half of the year. Nonetheless, Suva reiterates a Buy rating on Cisco with a target price of $55 and notes the company has a dividend yield of 2.9%.
News For CSCO From the Last 2 Days
Oct 26, 2021 | 09:04 EDT
At WebexOne, Cisco unveiled a preview of its next-generation hybrid work collaboration product. Webex Hologram is the industry's only real-time meeting solution that takes advantage of augmented reality headsets to combine feature rich Webex meeting functionality with immersive 3D holograms. With 64% of employees agreeing that the ability to work remotely directly affects whether they stay or leave a job, organizations will increasingly offer flexible work arrangements. Yet this poses a challenge for teams that require hands-on collaboration, such as design or training with a physical object. With Webex Hologram's holographic capabilities, participants can now interact in ways previously possible only in-person.