Goldman Sachs analyst Mike Burton maintains Arista Networks (NYSE:ANET) with a Buy and raises the price target from $170 to $190.
Goldman Sachs raised Arista Networks (NYSE:ANET) price target to $190 Read Post »
AT&T Inc. (NYSE:T) Investors of record on Monday, April 10th will be given a dividend of 0.2775 per share by the technology company on Monday, May 1st. This represents a $1.11 annualized dividend and a yield of 5.77%.
AT&T Inc. (NYSE:T) to Issue $0.2775 Quarterly Dividend Read Post »
RBC Capital analyst Kutgun Maral maintains Charter Communications (NASDAQ:CHTR) with a Outperform and raises the price target from $440 to $460.
RBC Capital raised Charter Communications (NASDAQ:CHTR) price target from $440 to $460 Read Post »
Rosenblatt analyst Barton Crockett maintains Roku (NASDAQ:ROKU) with a Neutral and lowers the price target from $76 to $64.
Rosenblatt lowered Roku (NASDAQ:ROKU) price target from $76 to $64 Read Post »
Bank of America Securities analyst David Barden maintains Verizon Communications (NYSE:VZ) with a Neutral and lowers the price target from $51 to $41.
Bank of America lowered Verizon Communications (NYSE:VZ) price target from $51 to $41 Read Post »
AT&T (NYSE:T) CCO: cut 30,000 communications jobs in 2022, 7,000 in the fourth quarter alone.
AT&T (NYSE:T) CCO: cut 30,000 communications jobs in 2022 Read Post »
March 6, 2023 — Ciena Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal first quarter ended January 28, 2023. Ciena Corporation (NYSE: CIEN) reported fiscal Q1 adjusted earnings of $0.64 per diluted share, Analysts polled by Capital IQ expected $0.36. Revenue for the quarter ended Jan. 28 was $1.06 billion, Analysts surveyed by Capital IQ expected $959 million. For fiscal first quarter 2023 Revenue: $1.06 billion，up 25.1% year-over-year，Net Income per Share: $0.51 GAAP; $0.64 adjusted (non-GAAP)。 For fiscal first quarter 2023, Ciena reported revenue of $1.06 billion as compared to $844.4 million for the fiscal first quarter 2022. Ciena’s GAAP net income for the fiscal first quarter 2023 was $76.2 million, or $0.51 per diluted common share, which compares to a GAAP net income of $45.8 million, or $0.29 per diluted common share, for the fiscal first quarter 2022. Ciena’s adjusted
Ciena(NYSE:CIEN) Q1 2023 Revenue of $1.06 billion，up 25.1% year-over-year Read Post »
Wells Fargo analyst Aaron Rakers raised Cisco Systems(NASDAQ: CSCO) price target to $57 from $52 and maintained a “hold on the sidelines” rating. The investment bank said Cisco reported solid results and better-than-expected guidance due to a reduction in backlog despite improved supply.
Wells Fargo raised Cisco Systems(NASDAQ: CSCO) price target to $57 from $52 Read Post »
JPMorgan analyst Samik Chatterjee raised his price target on Cisco Systems(NASDAQ: CSCO) to $55 from $54 and maintained a “neutral” rating. The analyst told investors in a research note that the magnitude of the growth in fiscal second-quarter results and the outlook for 2023 raise questions about the sustainability of Cisco’s growth. But the agency said expectations for peak revenue and profit growth in fiscal 2023, which the analyst expects unlikely to recur, justify attributing lower than historical average P/E ratios to lower earnings expectations.
JPMorgan raised Cisco Systems(NASDAQ: CSCO) price target to $55 from $54 Read Post »
Raymond James analyst Simon Leopold raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59 and maintained an “outperform” rating. The analyst told investors in a research note that Raymond James was “pleasantly surprised” by Cisco’s strong outlook for fiscal third quarter and fiscal 23. The investment bank said the overall tone was optimistic, demand was healthy and the cancellation rate remained low.
Raymond James raised Cisco Systems(NASDAQ: CSCO) price target to $63 from $59 Read Post »
February 15, 2023 Cisco Systems (NASDAQ: CSCO) today reported second quarter results for the period ended January 28, 2023. Q2 revenue was $13.6 billion, analysts expected $13.43 billion; Q2 product revenue was $10.16 billion, analysts expected $10.02 billion; Q2 Security and Agile Networks revenue was $6.75 billion, analysts expected $6.47 billion; Q2 services revenue was $3.44 billion, analysts expected $3.43 billion; full-year revenue was expected to grow 9%-10.5%, analysts expected to increase 5.7%. The company had previously expected growth of 4.5%-6.5%; Revenue is expected to rise 11%-13% in the fiscal third quarter, compared with analysts’ expectations of 5.8%. Q2 FY 2023 Highlights Total revenue was up 7% at $13.6 billion, with product revenue up 9% and service revenue was up 2%. Revenue by geographic segment was: Americas up 9%, EMEA up 5%, and APJC was up 1%. Product revenue performance was led by growth in Secure, Agile Networks up 14%, End-to-End Security up 7%, and
Morgan Stanley analyst Meta Marshall raised Cisco Systems (NASDAQ: CSCO) price target to $55 from $52 and maintained a “hold on the sidelines” rating, noting that Cisco’s fiscal second-quarter results and supply chain conditions were better than expected. The analyst added that the near-term focus will remain on releasing backlogs and fulfilling orders, with the company’s demand comments being more positive than the assessment.