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

Apple’s Tim Cook: Barron’s Top CEOs 2022

Tim Cook, CEO of Apple Daniel Acker/Bloomberg Text size Apple shares haven’t escaped the 2022 bear market: The stock is down about 20% year to date. Nonetheless, Apple remains the largest U.S. company by market cap, at $2.3 trillion, with most of that generated during CEO Tim Cook’s 11 years at the helm. And Cook … 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

Opinion: Google is finally splitting its stock; will Amazon be next, leading to a Dow shakeup?

Alphabet Inc. is finally carving into its gargantuan stock price with a stock split, which leaves only one Big Tech company remaining with a huge per-share price despite an easy avenue to change it. Alphabet’s path to a stock split is more difficult than it was for Apple Inc. AAPL, -0.10%, which has split its … Read more