Telecom & Wireless

Cisco Sets Tune for Networking Giants (CSCO, JNPR, BRCD, RVBD, ALU)

Cisco Systems Inc. (NASDAQ: CSCO) is leading the charge higher this morning after the networking equipment giant pleased investors with its earnings report. In short, even though the revenue forecast was a tad light we did get a better than expected earnings report and a higher dividend from the tech giant. The last quarter was $0.47 EPS on a 4% sales gain to $11.7 billion, while estimates were $0.46 EPS and $11.6 billion in sales.

Piper Jaffray raised its rating to Overweight last week on the notion that cost controls would allow for a very respectable earnings report, but the big call was the move to the Goldman Sachs highly prized Conviction Buy List. Piper Jaffray has just reiterated its Outperform rating and raised its target this morning to $22 per share.

Cisco shares are trading up almost $1.00 at $18.32 after closing at $17.35 on Wednesday. Networking and communication providers may all stand to benefit, although we would caution that Cisco is trying to win on slightly lower pricing and bundle deals so that could be viewed as at the expense of its peers.

Juniper Networks Inc. (NYSE: JNPR), Brocade Communications Systems Inc. (NASDAQ: BRCD), and Riverbed Technology Inc. (NASDAQ: RVBD) should all be on the radar this Thursday.

Even the poor turnaround of Alcatel-Lucent SA (NYSE: ALU) could theoretically stand to benefit, but Cisco did warn that Europe was weak and this company has more Euro-centricism as it is French. Still, Alcatel shares are up over 2% in early overseas trading this morning.

JON C. OGG

The #1 Thing to Do Before You Claim Social Security (Sponsor)

Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.

A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.