During the Internet boom in the latter part of the 1990s, Cisco Systems Inc. (CSCO) was the king of the “must-have” stocks, with shares of the maker of telecommunications-networking gear soaring 400% from June 1998 to March 2000.
At Friday’s close of $23.61, Cisco’s shares are down 69% from their all-time high of $77.31 and 31% from their 52-week high of $34.24, as most investors realize this will never be the great growth stock that it was a decade ago.
5/7 - "Cisco Systems (Nasdaq: CSCO) is still on track to meet its own ambitious performance targets, because this world of ours is thirsty for more and smarter network infrastructure. Yes, even under a slowing American economy."
"(CEO John) Chambers believes that the next five years will see Cisco setting itself even farther apart from competitors like Nortel Networks (NYSE: NT), Juniper Networks (Nasdaq: JNPR), and Alcatel-Lucent (NYSE: ALU). The key is "Web 2.0" technologies like cloud computing and software-as-a-service (SaaS), where Cisco is designing its routers and switches to of...
There was a selloff in the financials late in the day, observed Pete Najarian, and he said XLF has pulled back after hitting $27 for the seventh time. He blames Citigroup for keeping XLF back. Jeff Macke said there was a potential rally on Citi’s raising capital, but it didn’t pan out. He didn’t think the Fed meeting had much of an impact on the market and didn’t think the selloff was so severe. Guy
Goldman Sachs has turned cautious on the communications equipment sector.
Goldman’s Simona Jankowski is assuming coverage of some companies in the group, and in the process lowering the firm’s view of the sector to Neutral from Attractive. (Jankowski takes over from Brantley Thompson, who is going to the buy side.) She picks up coverage of Cisco (CSCO) with a Buy rating, and adds the stock to the firm’s Conviction List; she also picks up Juniper Network (JNPR), and cut her rating to Neutral from Buy. She’ll also be covering Motorola (which is currently rated) and Buy-rated Qualcomm (QCOM) ...
Generally, one would not list a tech stock as a defensive play. Cisco Systems may be an exception.
Two fundamentals warrant the advocacy of Cisco Systems (NASDAQ: CSCO) as a defensive play: 1) the company is the world's largest supplier of computer internet-network systems, and 2) emerging market growth. So long as the internet remains intrinsic to business processes in emerging and developed markets and so long as emerging markets continue to grow, Cisco will benefit in the years head. Analysts project a roughly 12-15% an
I believet that csco trades at a p/e discount to other tech with similar or worst earnings growth such as JNPR and CSCO is a best of breed company. CSCO is trading at multi year lows currently and deserves to be trading much much higher.
In 2000 the Country saw a credit crunch that was instantiated by World Comm, Enron, Global Crossing defrauding banks out of billions with lies about profits and sales in order to borrow cheap money. No matter how many times and how deep Greenspan cut the rates. The banks refused to loan new money to the telecoms. Instead they dumped the cheap money on to the consumer.
The telecoms had no money, and were slamming into their trillions in debt. As PSI NET, World Com, Global Crossing, RCN Communication all went under and Sprint, Verizon, AT&T struggle to survive. The Networking comp
Good engineers work there. Everybody buy CISCO equipment for their network and bandwidth usage is one things that will definitely grow in the future. This company is here to stay.
Cisco makes the heftiest load balancers and routers a company can buy these days. For high-scale internet businesses, fast, sturdy, and reliable load balancers are the difference between handling customer traffic smoothly and taking the entire site down. And behind the scenes routers play a similar key role in the internal network. As more businesses develop a web presence, and total customer traffic increases, demand for Cisco products will grow. And the switching costs of using Cisco products are high. For a high traffic website, moving off of such core networking hardware will require ex...
Cisco Offers "Lumpy" Guidance
- Cisco (CSCO) can be seen as a bellwether for the Technology sector, as they provide the backbone for so many internet systems. CEO John Chambers repor...
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Generally, one would not list a tech stock as a defensive play. Cisco Systems may be an exception.
