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The next wave of the Internet is already underway – here are seven companies poised to power this digital revolution.
Ambarella (AMBA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
F5 Networks' (FFIV) application security services will help Rakuten Mobile's efforts in agile application development in a multi-cloud environment.
Cyberthreats have increased as more people work from home amid COVID-19 pandemic.
The S&P 500 just wrapped up its best quarterly performance since 1998. The index surprised and delighted many by rising 20% during the past three months. Now the question is…what does the third quarter have in store?We're anticipating the third quarter is going to start in the same way the second quarter ended: with consolidation.This gives us a great opportunity to generate some additional income by selling another covered call against Cisco Systems (NASDAQ:CSCO).InvestorPlace - Stock Market News, Stock Advice & Trading TipsCSCO is likely to see strong underlying fundamental strength as the company benefits from increased 5G development and spending around the world, but the growing concerns about COVID-19 in the United States are likely to temper bullish enthusiasm in the short term. Action from the White HouseOne of the global leaders in the 5G race is Huawei, but you might recall the company has been under investigation for participating in Chinese espionage.CSCO has been approached by the U.S. government about purchasing European 5G leaders Nokia (NYSE:NOK) or Ericsson (NASDAQ:ERIC), and though the company doesn't seem interested, it does indicate the government's interest in boosting these tech and communications companies.CSCO has also benefited from its customers' spending sprees at the start of the COVID-19 pandemic. The company's video conferencing service WebEx has become more popular because of its security features, something Zoom Communications, Inc. (NASDAQ:ZM) still struggles with.But that bullish rise may not last. Companies are still reopening even as cases rise, and those that aren't won't be buying any new equipment. CSCO's sales surge was nice, but it probably isn't sustainable.It's also important to remember that investors may not have an appetite for risk right now. Consolidating for the Rest of JulyJust like the S&P 500, CSCO hit its recent high in early June before pulling back into its current consolidation range. The stock has been bouncing back and forth between resistance at $48 and support at $44, and we expect it is going to continue to do so in July.Daily Chart of Cisco Systems (CSCO) -- Chart Source: TradingViewWe would recommend choosing a strike price just above the $48 support level because it is always better to have a buffer in the event of a rise.Because CSCO reports earnings on Aug. 12, we wouldn't recommend holding a covered call longer than a month. If you, like us, are looking to generate some income on your shares of CSCO, we recommend looking at options that expire in late July.InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of Strategic Trader.The post Betting on More Consolidation for Cisco Systems appeared first on InvestorPlace.
California regulators have sued Cisco Systems, saying an engineer faced discrimination at the company’s Silicon Valley headquarters because he is a Dalit Indian.
Is it bye-bye to Macy's if a COVID-19 second wave happens?
This past weekend, athletic apparel company Under Armour (NYSE: UA) (NYSE: UAA) informed collegiate sports powerhouse UCLA that it wanted out the 15-year, $280 million sponsorship deal it signed in 2016. Under Armour didn't specify if the "extended period of time" in question was solely due to coronavirus-related cancellations or if it had more to do with UCLA's somewhat diminished reputation of late as a sports powerhouse. It wouldn't be naive of investors to wonder, however, if the proposed end to the largest collegiate athletics sponsorship deal on record actually points to a much bigger fiscal problem for the company.
Ambarella Inc (NASDAQ:AMBA) was trading 0.7% lower from the previous closing price. VP Marketing Day Christopher filed a Form 4 with the SEC on Tuesday, June 30. The insider sold 1,267 shares at an average price of $45.92. After the transaction, the executive's stake in Ambarella Inc. moved to 8,632 shares.Why Insider Transactions Are Important? Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."Important Transaction Codes Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. An open-market transaction means the insider went into the market of their own volition and made an active decision about the potential path for a company and its stock moving forward.Transaction codes besides P or S aren't relatively important as they are seldom tied to a decision by the executive. For example, transaction code A is indicative of an insider being forced to sell shares to attain compensation. Moreover, transaction code C indicates the conversion of an option.See more from Benzinga * Benzinga's Top Upgrades, Downgrades For June 23, 2020 * 19 Technology Stocks Moving In Wednesday's Pre-Market Session * Ambarella: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Like the majority of investors, you're most likely working on a retirement portfolio that will provide a large enough nest egg to give you a comfortable retirement. Make sure you know all about what financial planners call the accumulation and distribution phases of retirement planning.
LoJack®, a brand of CalAmp (Nasdaq: CAMP) and a leader in stolen vehicle recovery (SVR) and innovative automotive services, today announced auto theft recoveries in the U.S. jumped 15 percent in April 2020 over April 2019 and continued to grow in May, outpacing last year's number at this time by 11 percent. The report indicates an increase in auto theft recoveries, and highlights changes from the same period last year to date, demonstrating that while auto theft is on the rise during the COVID-19 lockdown, consumers must stay vigilant and protect their vehicles.
California regulators sued Cisco Systems Inc on Tuesday, accusing it of discriminating against an Indian-American employee and allowing him to be harassed by two managers because he was from a lower Indian caste than them. U.S. employment law does not specifically bar caste-based discrimination, but California's Department of Fair Employment and Housing contends in the lawsuit that the Hindu faith's lingering caste system is based on protected classes such as religion. It states he has been a principal engineer at Cisco's San Jose headquarters since October 2015 and that he was born at the bottom of caste hierarchy as a Dalit, once called "untouchables."
Cisco Systems (CSCO) closed the most recent trading day at $46.64, moving +1.06% from the previous trading session.
In this episode of MarketFoolery, Chris Hill chats with the Fool's Maria Gallagher about the latest headlines from Wall Street. They've got some news from social media and talk about two partnerships in the athletic and fashion apparel industry and much more.
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Cisco...
Under Armour underscored the challenges facing the US college sports industry as it moved to end outfitting deals with two leading university programmes worth hundreds of millions of dollars. The arrangements with the University of California, Los Angeles, and the University of California, Berkeley, were part of a marketing push by Under Armour in recent years to provide colleges with a mixture of cash and product in return for the right to outfit their sports teams. Under Armour’s arrangement with UCLA was touted as “the largest apparel deal in the history” of US college sports at the time it was signed in 2016, at a reported $280m over 15 years.
Access to the internet is a basic human right, the United Nations declared in 2016. For professional classes in rich countries with good internet access and the ability to work from home, the crisis has been made infinitely easier thanks to Zoom video calls and Amazon deliveries. It has been a far more precarious existence for those who have manual jobs and children at home with no internet access.
When Wall Street CEOs like Brian Moynihan and Larry Fink publicly call for greater social responsibility, the movement has officially left the fringe. Here’s why, and what’s next.
More than nine million people have watched Apple’s virtual keynote on YouTube, way more people than you could fit in a convention center.
In this article you are going to find out whether hedge funds think Sierra Wireless, Inc. (NASDAQ:SWIR) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
CalAmp (CAMP) delivered earnings and revenue surprises of 166.67% and 2.72%, respectively, for the quarter ended May 2020. Do the numbers hold clues to what lies ahead for the stock?