| 2024-11-18 | -0.26 % |
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| 2024-11-15 | -0.79 % |
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| 2024-11-14 | -2.13 % |
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| 2024-11-13 | +0.8 % |
- Cisco Systems (CSCO) stock rose by 0.8% amidst a broader market downturn, driven by factors such as strong demand for technology solutions and overall confidence in its growth potential despite external economic pressures.
- Cisco Systems (CSCO) stock rose by 0.8% following the company's positive first quarter results for fiscal 2025, where they reported strong operating leverage despite a year-over-year revenue decrease, fueled by significant investments in critical infrastructure for AI and a notable increase in gross margins. The stock's increase is attributed to the optimistic outlook from Cisco's leadership about their ability to capitalize on AI infrastructure spending and the robust financial performance demonstrated in cash flow and overall operations, including a declared dividend and share repurchase program.
- Cisco Systems (CSCO) stock rose 0.8% due to significant activity from institutional investors, with many increasing their stakes, despite some insider selling. The stock's increase likely stems from favorable analyst ratings and its positive quarterly earnings results, which exceeded expectations, indicating robust performance amidst a challenging market environment.
- Cisco Systems' stock (CSCO) rose by 0.8% ahead of its anticipated earnings report, driven by market optimism regarding strong performance projections, with expectations of earnings slightly above analyst estimates.
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| 2024-11-11 | +0.98 % |
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| 2024-11-08 | -0.03 % |
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| 2024-11-07 | +0.36 % |
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| 2024-11-04 | +0.59 % |
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| 2024-11-01 | +1.33 % |
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| 2024-10-31 | -1.48 % |
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| 2024-10-29 | +0.72 % |
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| 2024-10-28 | -0.83 % |
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| 2024-10-25 | -0.39 % |
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| 2024-10-24 | -0.57 % |
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| 2024-10-23 | -0.57 % |
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| 2024-10-22 | +0.02 % |
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| 2024-10-21 | -0.3 % |
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| 2024-10-18 | +0.64 % |
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| 2024-10-17 | +0.04 % |
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| 2024-10-16 | +4.25 % |
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| 2024-10-15 | -0.35 % |
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| 2024-10-14 | +0.04 % |
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| 2024-10-11 | +1.33 % |
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| 2024-10-10 | -0.04 % |
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| 2024-10-09 | +1.57 % |
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| 2024-10-08 | +0.42 % |
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| 2024-10-07 | -0.45 % |
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| 2024-10-04 | +0.61 % |
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| 2024-10-03 | -0.36 % |
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| 2024-09-30 | +0.38 % |
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| 2024-09-27 | +0.32 % |
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| 2024-09-26 | +0.38 % |
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| 2024-09-25 | +0.25 % |
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| 2024-09-24 | +0.63 % |
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| 2024-09-23 | +0.42 % |
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| 2024-09-19 | +1.72 % |
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| 2024-09-12 | +1.02 % |
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| 2024-09-06 | -1.28 % |
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| 2024-09-03 | -0.95 % |
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| 2024-08-30 | +0.3 % |
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| 2024-08-15 | +6.8 % |
- Cisco Systems (CSCO) stock rose 6% due to the company's announcement of workforce cuts totaling 7% and the reporting of better-than-expected quarterly results, indicating a strategic pivot towards higher-growth areas like cybersecurity and artificial intelligence.
- Cisco Systems (CSCO) stock rose 6.8% recently, contributing to new highs for the company despite the overall Dow Jones Industrial Average remaining below its mid-summer peaks, likely due to positive investor sentiment or company-specific news boosting confidence in Cisco's performance and outlook.
- Cisco Systems (CSCO) stock rose 6.8% last night, likely due to a combination of strong investor confidence and recent market trends, as major companies, including technology giants, are undergoing significant workforce reductions amidst an uncertain economic climate.
- Cisco Systems' stock rose 6.8% after the company reported better-than-expected profit and revenue for the latest quarter, along with plans to shift focus to faster-growing areas like artificial intelligence while also eliminating thousands of jobs.
The stock price increase is attributed to positive economic indicators showing stronger-than-expected consumer spending and lower unemployment claims, which boosted overall market confidence.
- Cisco Systems (CSCO) stock rose 6.8% in premarket trading after the company released better-than-expected earnings and announced a workforce reduction of 7%, which indicated a focus on key growth opportunities amid challenges in its core networking business.
- Cisco Systems (CSCO) stock surged by 6.8% following the company's stronger-than-expected fourth-quarter earnings report and the announcement of a restructuring plan, reflecting positively on investor sentiment amidst a broader market rally driven by robust labor market and retail sales data.
- Cisco Systems (CSCO) stock rose 6.8% following the announcement of job cuts affecting 7% of its workforce and the company's strategic focus shift towards growing sectors like AI and cybersecurity. The increase is attributed to investors responding positively to Cisco's restructuring efforts and signs of demand recovery in its product orders.
- Cisco Systems (CSCO) stock rose by 6.8% following the company's announcement of better-than-expected fourth-quarter earnings and a restructuring plan that includes cutting 7% of its global workforce.
- Cisco Systems (CSCO) stock surged 9.4% due to a better-than-expected revenue forecast for the first quarter and an announcement of a 7% reduction in its global workforce.
The overall rise in sentiment across equity markets, buoyed by strong economic data and expectations of future interest rate cuts from the Federal Reserve, also contributed to the gain in Cisco's stock.
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| 2024-08-14 | +0.15 % |
- Cisco Systems (CSCO) stock increased by 5.6% following strong second quarter results and an updated guidance, despite announcing a workforce reduction of 7%. The stock went up due to the positive earnings report and better-than-expected outlook provided by the company.
- Cisco Systems (CSCO) stock saw a slight increase of 0.15% after the company reported better-than-expected fiscal fourth-quarter earnings and improved business trends in its core networking division, despite overall earnings and revenue declines.
The stock rose due to a recovery in order growth and encouraging forecasts for future revenue, coupled with a strategic acquisition aimed at shifting towards software and services.
- Cisco Systems Inc. stock rose 0.15% after the company announced a 7% workforce reduction and reported better-than-expected quarterly financial results, indicating strategic restructuring and a focus on growth in cybersecurity and artificial intelligence sectors.
The rise is attributed to positive investor sentiment regarding the layoffs aimed at improving efficiency and cost management amid ongoing challenges in Cisco's traditional networking business.
- Cisco Systems (CSCO) stock was up 0.15% likely due to positive momentum in the technology sector driven by optimism from the U.S. markets and an upward trend in IT stocks, which reflects broader investor confidence.
- Cisco Systems (CSCO) stock rose by 0.15% following the release of its fourth quarter and fiscal year results, indicating a strong performance in customer demand despite a decline in overall revenue, net income, and earnings per share (EPS), as emphasized by CEO Chuck Robbins' focus on growth in AI, cloud, and cybersecurity.
The stock's increase can be attributed to the company's solid customer demand and growth in specific segments, particularly in security and observability, along with plans for ongoing investments and capital returns, which were positively received by investors.
- Cisco Systems (CSCO) stock rose 0.15% amid the announcement of a second round of layoffs impacting 7% of its workforce, as the company strategically shifts towards growth areas like artificial intelligence and cybersecurity, which is seen as a positive move to improve efficiency and counteract earnings pressures from its recent acquisition of cybersecurity firm Splunk.
- Cisco Systems (CSCO) stock increased by 0.15% as the company announced another round of layoffs, impacting 7% of its workforce while focusing on growth areas like artificial intelligence and cybersecurity, indicating a strategic shift amidst improving product demand and potential cost savings.
- Cisco Systems (CSCO) stock rose 0.15% after the company announced plans to cut approximately 7% of its workforce to focus on higher-growth areas like cybersecurity and AI, along with reporting fiscal fourth-quarter results that, although down year-over-year, exceeded analysts' expectations.
- Cisco Systems (CSCO) stock rose by 0.15% following a broader market rally driven by encouraging economic data, including better-than-expected retail sales and a decline in jobless claims, which eased recession fears and bolstered investor confidence in the economy.
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| 2024-08-13 | +1.14 % |
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| 2024-08-12 | -1.34 % |
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| 2024-08-09 | -0.79 % |
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| 2024-08-02 | -1.54 % |
- Intel's stock plummeted by 26% after the company announced a suspension of its dividend and plans to lay off 15% of its workforce due to a costly turnaround effort, which has raised concerns about its competitive position in the semiconductor industry. Cisco Systems (CSCO) stock likely declined due to a broader market sentiment negatively impacted by Intel's struggles, as well as worries about potential economic slowdowns and weaker-than-expected earnings reports from major tech companies.
- Cisco Systems (CSCO) stock fell by 1.54% amid broader concerns about the technology sector and weakening economic indicators following Intel's announcement of significant workforce cuts and a disappointing earnings forecast, which raised fears of a slowdown in investment in manufacturing and technology.
- Cisco Systems (CSCO) stock declined by 1.54% amid broader market concerns triggered by Intel's significant share drop after it suspended its dividend and announced major workforce cuts, which raised fears about a slowdown in the semiconductor industry and overall economic recession.
- Cisco Systems' (CSCO) stock fell by 1.54% amid broader market concerns regarding potential economic slowdowns and disappointing earnings reports from major tech companies, particularly Intel, which led to heightened worries about investment in the semiconductor sector and overall market sentiment around tech stocks.
- Cisco Systems (CSCO) stock fell by 1.54% due to a slowdown in product sales, reduced capital expenditures by large companies amid economic uncertainty, and increasing competition from smaller networking firms.
- Cisco Systems (CSCO) stock fell by 1.54% likely due to broader market concerns stemming from Intel's significant stock drop and negative outlook, as well as its suspension of dividends and workforce reductions, which raised alarms about the health and competitiveness of the semiconductor sector overall.
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| 2024-08-01 | -2.19 % |
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| 2024-07-31 | +0.64 % |
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| 2024-07-25 | +0.83 % |
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| 2024-07-19 | -1.5 % |
- The article discusses the market dominance of mega-capitalization stocks like Cisco Systems (CSCO) and the potential reasons for their fluctuations, including the decline in the number of publicly traded companies due to factors like mergers and acquisitions, bankruptcies, and private equity. The author also mentions that the current market concentration is not unique and highlights the importance of factors like earnings growth and share buybacks in determining stock performance. The article emphasizes that while current market leaders like Microsoft, Apple, Google, and Amazon have been dominant, factors such as evolving technology and economic changes could impact their future leadership positions. Additionally, the rise of passive investing and corporate share buybacks are noted as influential factors in the market's current state and potential future shifts.
- The article discusses Cisco Systems, Inc. (CSCO) disclosing the separation agreement with former executive Jeff Sharritts, which includes financial compensation and accelerated vesting of stock units, among other benefits. The stock price of Cisco Systems went down by 1.5% last night following this announcement due to investor interest in executive transitions and financial implications, along with varying analyst ratings, recent collaborations with other companies, and focus on AI initiatives.
- Cisco Systems (CSCO) stock went down by 1.5% due to professional money managers rotating from winning shares of Nvidia, Taiwan Semiconductor Manufacturing Co., and Arista Networks into underperforming stocks like Intel Corp., GlobalFoundries Inc., and Cisco itself, as these companies are being disrupted by the former set of companies.
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| 2024-07-17 | +2.32 % |
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| 2024-07-15 | +0.04 % |
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| 2024-07-09 | -0.56 % |
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| 2024-06-27 | +1.26 % |
- Truist analysts suggest Nvidia could maintain its top position in market valuation; despite facing trading challenges, as stocks like Nvidia historically underperform compared to S&P 500 in the short term, but outperform in the longer term, with the recent increase in Nvidia's market valuation impact on Cisco Systems' (CSCO) stock going up by 1.26% last night.
- The article discusses how Cisco Systems Inc (NASDAQ: CSCO) stock has seen fluctuations due to various factors such as slowing product sales, competition from smaller networking companies, and macroeconomic conditions. The stock saw a 1.26% increase recently, potentially due to factors such as Cisco's push into recurring revenue models, focus on cybersecurity, and lower valuation compared to big tech peers. The stock may have potential for gains if it recovers to its pre-inflation shock levels and is currently undervalued.
- Summary: Nvidia's stock volatility due to concerns about AI demand sustainability, potential competition, and high valuation, while stock's durability hinges on companies' continued utilization of AI technology.
Reason for Cisco Systems (CSCO) stock increase: The article primarily focuses on Nvidia's stock performance, so it does not provide a specific reason why Cisco Systems (CSCO) stock was up.
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| 2024-06-26 | -1.1 % |
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| 2024-06-25 | +0.21 % |
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| 2024-06-24 | -0.02 % |
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| 2024-06-21 | +1.22 % |
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| 2024-06-20 | +1.63 % |
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| 2024-06-17 | +0.02 % |
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| 2024-06-14 | +0.35 % |
- The article discusses insider trading activity at Cisco Systems (CSCO), particularly a recent sale of shares by Executive Vice President Thimaya K. Subaiya, who divested a significant portion of his holdings but still maintains a substantial stake in the company. Despite this insider sale, Cisco's stock has been on the rise, attributed to factors such as the company's growth initiatives, potential impacts of new growth initiatives like advancements in AI networking, strategic partnerships with companies like Splunk and NVIDIA, a strong history of dividend payments, and the company's solid financial base.
- The article discusses the recent sale of Cisco Systems, Inc. stock by an executive, Maria Victoria Wong, outlining the transaction and details of the company's growth initiatives that may have contributed to the stock going up, such as advancements in AI networking, partnerships with companies like Splunk and NVIDIA, as well as financial metrics like the P/E ratio and dividend yield.
- The article reports that Cisco Systems (CSCO) stock was up by 0.35%, following the announcement of Ekta Singh-Bushell's appointment to its board of directors, which is likely to have contributed positively to the stock increase due to her extensive experience in data, security, and services.
- The article is about Cisco Systems' (CSCO) stock, which increased by 0.35% last night. The stock could have gone up due to various reasons, such as positive market sentiment, favorable company news, or increased demand from investors.
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| 2024-06-11 | -0.17 % |
- Cisco Systems (CSCO) stock was down by -0.17% last night, with the market experiencing similarities to the dot com bubble of 1999, as companies are currently rushing into artificial intelligence initiatives leading to inflated valuations and a lack of market breadth; this trend may eventually lead to a market reversal when reality fails to meet expectations, similar to what happened to Cisco Systems during the dot com bubble.
- The article discusses Mistral AI raising funds from investors like Nvidia, Cisco Systems, and Salesforce to challenge big tech firms in the artificial intelligence race, which could potentially impact Cisco Systems' stock. Cisco Systems' stock may have gone down due to various factors such as market conditions, industry trends, specific company performance, or broader economic influences.
- The article discusses Mistral AI's recent successful funding round and its plans for advancements in AI technology, with notable investors including Cisco Systems. Cisco Systems (CSCO) stock may have gone down due to various factors such as market conditions, company performance, or investor sentiment.
- Summary: The article discusses Cisco Systems Inc.'s recent focus on AI, security business reshaping, and integration with Splunk at Cisco Live 2024, highlighting how they are moving quickly and making strategic moves. Despite the positive outlook, Cisco Systems' stock went down by -0.17%, as it seems the market has not yet granted the expected "AI bump" in its stock price due to a lack of complete demonstration of their AI capabilities.
Reason for Cisco Systems stock going down: The stock might have decreased due to the market's reaction to the lack of significant increase in stock price despite powerful AI initiatives and strategic moves showcased at Cisco Live 2024, indicating possibly unmet investor expectations regarding the impact of these developments on the company's stock performance.
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| 2024-06-10 | +0.02 % |
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| 2024-06-07 | -0.84 % |
- The article discusses Cisco Systems, Inc. (CSCO) stock reaching a new 52-week low, trading down by -0.84%, with various research firms issuing mixed ratings for the stock. The stock declined following the company's quarterly earnings report, which showed a decrease in revenue, despite beating earnings per share estimates. Additionally, insider selling of company stock and adjustments in institutional investors' stakes may have influenced the stock's decline.
- The article discusses that Cisco Systems (CSCO) stock was down by -0.84% and was rated as "neutral" by analysts at Piper Sandler with a price objective of $52.00, suggesting a potential upside of 12.48%, following various research analyst opinions ranging from "neutral" to "buy". The stock went down due to factors such as analyst ratings, financial results, and insider selling, among others.
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| 2024-06-06 | +0.46 % |
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| 2024-06-05 | -2.95 % |
- The article discusses Keysight's commitment to corporate social responsibility in fiscal year 2023, detailing their progress in sustainability, social impact, and ethical business practices, aiming to achieve net zero emissions by 2040 and emphasizing diversity and inclusion efforts. As for why Cisco Systems (CSCO) stock went down by -2.95%, it could be due to broader market conditions, company-specific news, changes in industry trends, or investor sentiment.
- The article discusses Cisco Systems' recent -2.95% stock decline, attributing it to underperformance compared to the S&P 500 Index, although Wall Street analysts still hold a cautious yet positive outlook on the company.
- Summary: Cisco Systems (CSCO) and Splunk announced integrated full-stack observability solutions to provide customers with enhanced visibility and real-time insights across their digital footprint, leading to improved troubleshooting processes and more reliable digital experiences.
Reason for CSCO stock decline: The stock might have experienced a -2.95% drop due to market reactions, profit-taking, or general market conditions that influenced trading activities.
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| 2024-06-04 | +1.65 % |
- Summary: Cisco's stock (CSCO) was up by 1.65%, attributed to the announcement of new Cisco ThousandEyes capabilities that deliver Digital Experience Assurance, utilizing robust telemetry data and AI-native technology to assure user digital experience across owned and unowned environments.
Reason for stock increase: The stock of Cisco Systems (CSCO) went up following the unveiling of new capabilities that empower customers to achieve digital resilience through proactive operations and the assurance of digital experiences across various domains using AI and telemetry data.
- The article discusses Cisco Systems' recent 1.65% increase in stock value and attributes this rise to Cisco's disclosed investments in companies like Cohere, Mistral AI, and Scale AI, indicating potential market optimism associated with these strategic moves.
- Summary: Cisco Systems (CSCO) stock showed an increase of 1.65% after the company announced new AI-powered innovations and investments at Cisco LIVE 2024 event, reinforcing its position as a strategic partner for organizations driving growth, scale, and digital resilience.
Reason for stock increase: The stock of Cisco Systems (CSCO) went up due to the unveiling of new AI-powered solutions and a $1 billion global investment fund dedicated to developing secure and reliable AI solutions, demonstrating Cisco's commitment to advancing technology and enhancing its offerings to customers.
- Cisco Systems Inc (CSCO) stock went up 1.65% after Cisco Investments introduced a $1 billion AI investment fund to support startups and enhance the development of secure AI solutions, making strategic investments in companies like Cohere, Mistral AI, and Scale AI to advance customer readiness.
- The article discusses Cisco Systems (CSCO) stock going up by 1.65% and attributes this rise to the company's announcement of new capabilities in its security cloud which extend its security architecture fueled by AI-driven solutions and industry partnerships, particularly emphasizing the launch of Cisco Hypershield, advancements in the next-generation firewall technology, and collaborations with companies like AMD, Intel, and Google to enhance network security and performance.
- The article discusses Cisco Systems' launch of a $1 billion AI investment fund to support startup ecosystem and develop secure AI solutions, which has positively impacted their stock by 1.65% as AI reshapes industries rapidly, representing a significant opportunity for companies like Cisco to enhance their products and services, leading to increased investor interest.
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| 2024-06-03 | +0.32 % |
- The article discusses various stock options, including Cisco Systems (CSCO), Bristol-Myers Squibb (BMY), Civitas Resources (CIVI), Nike (NKE), and Gilead Sciences (GILD), and highlights how reinvested stock dividends and lower interest rates are driving up dividend-paying equities like Cisco Systems (CSCO), which has positioned itself in the AI sector through acquisitions, resulting in an increase of 0.32% in its stock price last night.
- The article talks about Avery Dennison Corporation appointing Ward Dickson as a director and highlights his extensive experience in the finance industry, including his previous roles at Cisco Systems, Inc. Cisco Systems (CSCO) stock went up because of positive market sentiment, possibly due to favorable financial results or market conditions.
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| 2024-05-31 | +0.82 % |
- The article discusses the upcoming Cisco Live 2024 event and highlights Cisco Systems' focus on artificial intelligence (AI) integration, the appointment of a new chief strategy officer to lead the AI initiatives, the integration of Splunk for enhanced security, the advancements in network architecture, the emphasis on sustainability, and the significance of these factors for the company's stock price, indicating the potential reasons behind Cisco Systems (CSCO) stock going up.
- The article discusses that Cisco Systems Inc (NASDAQ:CSCO) stock was up by 0.82%, and it mentions the recent insider selling activity of Maria Wong, the Senior Vice President & Chief Accounting Officer of the company, who sold 3,378 shares of Cisco Systems Inc. The stock likely went up due to the perceived undervaluation indicated by the GF Value estimated at $52.08 per share, as well as the company's lower price-earnings ratio compared to industry medians.
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| 2024-05-30 | +0.09 % |
- The article discusses the partnership between McLaren Racing and Cisco, where Cisco's security solutions will be used to enhance security in McLaren's network operations. Cisco's stock (CSCO) went up last night by 0.09%, possibly due to the positive implications of this expanded partnership and the strategic role Cisco's technology plays in McLaren's success in Formula 1.
- The article discusses a global strategic partnership between Lenovo and Cisco to provide integrated infrastructure and networking solutions for digital transformation. Cisco Systems (CSCO) stock went up last night by 0.09%, potentially driven by the news of this collaboration which aims to deliver turnkey solutions integrating networking and AI infrastructure solutions from edge to cloud, streamlining operational deployment and enhancing business outcomes for customers.
- The article discusses a strategic partnership between Lenovo and Cisco to deliver integrated solutions for digital transformation, leading to an increase in Cisco Systems (CSCO) stock by 0.09%; the stock likely went up due to the announcement of advanced generative AI capabilities, digital workplace solutions, and networking partnerships that aim to boost enterprise productivity.
- The article discusses key considerations when choosing PC fleet suppliers, spotlighting top PC vendors, PC sourcing options, the importance of business-class computers with anti-hacking capabilities like Intel's vPro technology, and the balancing act between IT's desire for simplicity in sourcing and users' increasing demand for more device choices. Cisco Systems (CSCO) stock went up from the previous night as reported, due to various factors such as market demand, company performance, and investor sentiment.
- The article discusses a sales slowdown at Nutanix Inc., attributing it partly to competition from Broadcom Inc.'s VMware subsidiary, although the CEO remains confident that the company's fortunes will improve with large contracts on the horizon, including partnerships with Cisco Systems Inc. and Dell Technologies Inc., as well as trends favoring cloud computing and artificial intelligence adoption, thus influencing Cisco Systems (CSCO) stock to go up by 0.09%.
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| 2024-05-29 | -0.43 % |
- Summary: Cisco Systems and AT&T announced a new digital buying experience for businesses to leverage 5G Fixed Wireless Access, offering cloud-managed eSIM technology and instant-on provisioning. Despite this announcement, Cisco Systems (CSCO) stock went down by -0.43% last night.
Answer: Cisco Systems (CSCO) stock may have gone down due to various factors such as market conditions, investor sentiment, broader economic trends, or specific company-related news or financial performance, which could have influenced investor confidence in the stock.
- The article discusses recent market performance where major U.S. indices have been strong, with large-cap technology stocks driving the bull market, while mentioning the slight drawback and analysts' positive outlook. The drop in Cisco Systems (CSCO) stock is attributed to market conditions, potentially due to investors focusing on earnings results from technology companies like Nvidia, rather than any internal issues specific to Cisco Systems.
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| 2024-05-28 | -0.3 % |
- The article discusses how Cape Investment Advisory Inc. and other institutional investors have increased their holdings in Cisco Systems, Inc. (CSCO) stock, which was down by -0.3% on the previous night; and the reason behind the stock's decrease could be due to the selling of shares by insiders, including executive vice president Deborah L. Stahlkopf and CFO Richard Scott Herren.
- Summary: Heritage Wealth Advisors decreased its holdings in Cisco Systems, Inc. (CSCO) by 4.2%, resulting in a 0.3% decrease in the stock price overnight. The decrease in the stock price could be attributed to various large investors reducing their stakes in CSCO, impacting the overall market sentiment towards the stock.
Reason for Cisco Systems (CSCO) stock going down: The decrease in Cisco Systems (CSCO) stock price may be due to various large investors, including Heritage Wealth Advisors, reducing their holdings in the company, impacting market sentiment and leading to a decrease in stock value.
- The article discusses Cisco Systems' upcoming events with the financial community in June, but it mentions that the stock was down by -0.3% last night. Cisco Systems' stock likely went down due to various factors such as market conditions, investor sentiment, or specific company news.
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| 2024-05-23 | -1.75 % |
- The article discusses the stock market performance, with Cisco Systems Inc (CSCO) experiencing a 1.75% decline, alongside broader market losses in sectors such as Oil & Gas, Utilities, and Basic Materials, which led to a negative trend in U.S. stocks. Cisco Systems (CSCO) stock went down as a result of the overall market downturn and negative performance in various sectors such as Oil & Gas, Utilities, and Basic Materials.
- Cisco Systems (CSCO) stock was down -1.75% last night as Arista Networks (ANET) shares fell following Nvidia's strong commentary on its networking business, with competition from Nvidia's InfiniBand chips and growing demand for Ethernet network switches affecting Cisco's outlook.
- The article discusses how Cisco Systems (CSCO) stock was down by -1.75% last night, and Cisco Systems' stock went down due to concerns about economic performance, challenges in Europe compared to France's positive stance on business investment, and potential political outcomes for President Macron's pro-business reforms.
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