Recent market activity shown by
Cisco Systems (CSCO) indicates a dynamic mix of investor actions and company initiatives. On one hand, investors such as
Billionaire Asness and
GreensKeeper Asset Management sold their CSCO stakes, while organizations like
Kovitz Investment Group,
Taika Capital, and
Safe Harbor Fiduciary increased theirs. On the company front, Cisco launched a green initiative tackling e-waste and disclosed plans to enter the AI server scene utilizing
Nvidia chips. Q1 earnings outperformed expectations, with
profit dropping yet exceeding estimates. Industry commentator
Jim Cramer discussed CSCO’s pullback stating it seemed poised for a breakout. Despite this, the company has not outperformed the broader market. Several analysts raised their forecasts based on promising growth in AI investments while commenting on CSCO potentially benefiting from increased AI data center spending. The company also revealed a partnership expansion with
LTIMindtree for AI-driven hybrid workforce protection solutions, deepening its stake in AI. However, CSCO recently reported its fourth consecutive quarter of declining revenue.
Cisco Systems CSCO News Analytics from Wed, 10 Jul 2024 07:00:00 GMT to Sat, 07 Dec 2024 21:39:39 GMT -
Rating 3
- Innovation 6
- Information 7
- Rumor -2
