Cisco earnings and revenue forecast quell fears of slowdown, stock rises

Cisco Systems Inc. shares rose in extended trading Wednesday after the networking company forecast stronger-than-expected revenue growth in the months ahead, quelling fears of a slowdown in businesses’ technology spending. Cisco  CSCO, -0.24%  reported net income of $3.4 billion, or 68 cents a share, while revenue was flat from the year before at $13.1 billion. … Read more

Walmart, Moderna, Target, Deere, Home Depot, and Other Stocks for Investors to Watch This Week

Text size It’s the tail end of first-quarter earnings season, with mostly retailers left to report this week. Government data on U.S. retail sales will also be released. Home Depot and Walmart report on Tuesday, followed by Target, TJX , Lowe ’s , and Bath & Body Works on Wednesday and Ross Stores on Thursday.  Non-retailer … Read more

Cisco Stock Slumps. It Faces Competition From Arista and Juniper, Analyst Says

Text size Cisco Systems logo Gabriel Bouys/AFP via Getty Images Shares of Cisco Systems were falling Tuesday after the networking hardware and software giant was downgraded to a Sell by Citi. Analyst Jim Suva cut his rating to a Sell from Neutral, saying in a research note that “current supply chain challenges are more of … Read more

AT&T Boss Sees Room to Raise Prices, Cut Costs After Media Exit

AT&T Inc. Chief Executive Officer John Stankey says inflation could prompt the wireless and broadband company to raise prices for some core services while it continues to cut costs after getting out of the media business. The company on Friday completed the planned separation of its film-and-TV empire into a new publicly traded company called … Read more

Qualcomm stock slips following strong earnings and outlook

Qualcomm Inc. shares slipped in the extended session Wednesday as the chip maker’s quarterly results and outlook topped Wall Street estimates, but certain business segments fell short of expectations. In its forecast for the second quarter, Qualcomm QCOM, +6.25% said it expects adjusted earnings of $2.80 to $3 a share on revenue of $10.2 billion … Read more