August 22, 2024
“Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020. The company said it’s cutting 7% of its global workforce. Earnings and revenue topped analysts’ estimates. Prior to Wednesday’s close, the… Continue Reading…
February 26, 2024
“…It’s the latest tech company to downsize in 2024, as the industry continues to squeeze out costs following the market downturn that hit two years ago. January was the busiest month for job cuts in the industry since March, as Alphabet, Amazon,… Continue Reading…
November 17, 2023
“Cisco shares closed down 9.8% Thursday, marking the worst day since May 19, 2022 when the stock slipped 13.7%. The fall comes a day after the company reported its quarterly earnings that beat on the top and bottom lines but gave weaker-than-expected revenue… Continue Reading…
September 21, 2023
“Cisco Systems (CSCO) on Thursday said it will acquire software company Splunk (SPLK) for $28 billion in cash. Splunk shares surged on the news but CSCO stock fell. Cisco will buy Splunk for $157 per share, a 31% premium to the software firm’s… Continue Reading…
August 26, 2021
“Former long-time Cisco CEO John Chambers has done business in China for decades, dealing with corporate leaders and government officials. The various dealings were always tough, acknowledges Chambers, but importantly there was a certain predictability to them and a focus on win-win… Continue Reading…
December 19, 2019
“…Chip stocks seized some early initiative as Micron Technology (MU) and Western Digital (WDC) raced to the top of the Nasdaq 100 and S&P 500. Cisco Systems (CSCO) climbed atop the Dow Jones today, while Netflix (NFLX) aimed to extend its four-day rally. 01:0801:08 Dow Jones futures edged up… Continue Reading…
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