42.85 +0.64 (1.52%)
Pre-market: 7:39AM EDT
|Bid||42.80 x 900|
|Ask||42.99 x 1100|
|Day's range||42.15 - 42.47|
|52-week range||30.36 - 46.37|
|PE ratio (TTM)||N/A|
|Earnings date||15 Aug 2018|
|Forward dividend & yield||1.32 (3.10%)|
|1y target est||49.64|
Amazon (AMZN) recently announced that it might start selling its own switching devices through its cloud unit, Amazon Web Services (or AWS), which could help shift traffic onto its own servers. Reportedly, by building its own devices, AWS is planning to grab a slice of the $14 billion global market for the equipment. The news of Amazon entering into the equipment market and considering selling its own network switching devices has unnerved rival data networking companies including Cisco Systems (CSCO), Juniper (JNPR), Arista Networks (ANET), and F5 Networks, as AWS could sell its switches at a lower price than the switches from rivals.
Cisco Systems (CSCO) is acquiring July Systems, a cloud-based location service provider. July Systems, which offers its services on a subscription basis, has been Cisco partner for years. July Systems offers include data-driven behavioral insights that allow businesses to improve customer and employee experiences.
Amazon's (AMZN) Prime Day, its rumored entry into the network switching business and its PillPack acquisition are the top stories in this roundup.
The Street is mulling Friday's story by TheInformation saying that Amazon.com’s (AMZN) Amazon Web Services unit is “considering selling its own networking switches for business customers,” in competition with Cisco Systems (CSCO), Juniper Networks (JNPR), Arista Networks (ANET) and others. There’s some debate today about how serious this move by Amazon, if true, would actually be. Arista and Cisco shares are actually bouncing back from Friday’s sell-off, with Arista up $6.13, or 2%, to $272.62, and Cisco up 90 cents, or 2%, to $42.68.
Cisco (CSCO) shares declined 4% on a report stating Amazon's AWS developments regarding market networking switches to business customers.
Apple's updated MacBook Pros, analysts' underwhelming outlook for Netflix stock, and Amazon's possible foray into networking hardware were some of the top stories in tech this week.
From a multibillion-dollar verdict to disappointing quarterly results and new competitive threats, these three companies lagged the broader market today.
Shares of Cisco Systems (CSCO) have turned sharply lower this afternoon following a report by TheInformation’s Wayne Ma and Kevin McLaughlin stating that Amazon.com’s (AMZN) Amazon Web Services unit is “considering selling its own networking switches for business customers,” citing a single unnamed source. Cisco is down $1.95, or almost 5%, at $41.63. Arista Networks (ANET), Cisco’s primary competitor, is down $9.03, or 3%, to $269.33.
Shares of data networking companies including Cisco Systems Inc. tumbled after a report that Amazon.com Inc.’s cloud unit may begin selling its own switching devices. Amazon Web Service’s plan to enter the $14 billion global market for the equipment that helps shepherd traffic around networks, signals the company may become more entrenched in the enterprise computing marketplace, The Information reported, citing a person with knowledge of the discussions. It would pose a formidable challenge to existing players including Juniper Networks Inc. and Arista Networks Inc. because AWS would price the so-called white-box switches from 70 percent and 80 percent less than compatible ones from Cisco, the news site reported.
Analysts from Goldman Sachs have proposed a play that should be profitable either way: Go long in cybersecurity stocks. In a report released Thursday afternoon, Arjun Menon and his team highlight investment opportunities in the constituents of the ISE Cyber Security Index (HXR) over the coming months, as the topic of cyberattacks takes center stage in the lead up to November. According to Menon, front-and-center hacking concerns should lead to a boost in security spending and lift cybersecurity stocks through the end of the year.
Two-thirds of the population in the world's fastest growing economy isn't connected to the internet, and Cisco (CSCO) is changing that. Here's why you should care.
Tech stocks were back in favor Thursday after the Nasdaq composite suffered a mild distribution day Wednesday, falling 0.6% in higher volume.
Cloud computing giants like Amazon and Salesforce.com are grabbing a bigger share of enterprise spending on information technology, Goldman Sachs said Monday in a report on IT spending trends.
WASHINGTON (AP) — In some versions of a story July 5 about Russian billionaire Viktor Vekselberg, The Associated Press reported erroneously that Vekselberg had hired Michael Cohen as a consultant. It was the New York investment firm headed by his cousin, Andrew Intrater, that hired Cohen.
In May, Cisco Systems (CSCO) agreed to a deal to sell its service provider video software business, part of a unit in which revenue has been shrinking. Revenue in Cisco’s Other Products segment, which includes its video software business, fell 6.0% YoY (year-over-year) to $249 million in its fiscal third quarter, which ended in April. Cisco sold its video software business to Permira, the same private equity company that sold the business to Cisco six years ago.
Nokia (NOK) stock generated returns of 28.0% in the first half of 2018. The stock closed at $5.75 on June 29. Nokia beat its earnings estimates in the fourth quarter of 2017 by 36.0% and reported earnings 50.0% below estimates in the first quarter. Analysts have a median price target of $6.20 for Nokia, which indicates that the stock is trading at a discount of 8.0% to analyst estimates. Growth drivers
Cisco Systems (CSCO) stock returned 14.0% in the first half of 2018. Cisco beat its earnings estimates in the fiscal third quarter by 1.5%, and it beat estimates in the fiscal second quarter by 6.8%. Analysts have a median price target of $50.00 for Cisco, which indicates that the stock is trading at a discount of 16.0% to analyst estimates.
The Dow Jones industrial average is down so far in 2018. But Nike has sprinted ahead. Visa, Microsoft, Boeing and Cisco also are strong Dow Jones stocks.