Cisco Systems (CSCO) beat on both earnings and revenues, and offered encouraging revenue guidance for the current quarter. Cisco also raised its fiscal-year revenue outlook.
Cisco (CSCO) cheered investors with first-quarter fiscal 2023 results. The networking giant beat on both earnings and revenues, and offered an encouraging revenue guidance for the current quarter.
IEZ, IGN, IAK, VIOV and SPVU are part of the Zacks top Analyst Blog.
Wall Street was upbeat in October with major key U.S. indexes offering massive gains, except for the Nasdaq, which recorded muted gains.
Investors are betting that traditional stocks like banks will lead the next bull market. Notably, energy and industrials were the biggest winners in October.
Tech titans had a dismal week, buoyed by weak earnings results and a disappointing outlook. The so-called "GAMMA" stocks collectively shed about $350 billion in market value last week.
U.S. tech stocks have been hitting rough weather this year. However, new Covid variants may be "pretty troublesome". This, in turn, may brighten the appeal for stay-at-home tech stocks.
CTEX, IGN, XBI, XLY and UUP are part of the Zacks top Analyst Blog.
After logging the best month since July 2020, the Wall Street rally fizzled in August on aggressive Fed rate hike speculation. This has pushed the major indices to end the quarter with losses.