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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cisco Systems, Inc.    CSCO

CISCO SYSTEMS, INC.

(CSCO)
  Report
Delayed Quote. Delayed Nasdaq - 01/15 04:00:00 pm
45.43 USD   +0.62%
01/16CISCO : Application-First Infrastructures
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01/15CISCO : Threat Roundup for January 8 to January 15
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01/15DID YOU KNOW ABOUT THE ALTERNATIVE TO 40G BIDI : 40g csr?
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S&P 500 hits all-time closing high after earnings, oil drops on pandemic worry

11/13/2020 | 04:39pm EST
FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York City

NEW YORK (Reuters) - Wall Street jumped on Friday as encouraging earnings stoked risk appetite and President-elect Joe Biden's COVID advisory team said it was not considering a nationwide shutdown, but oil prices slid as Libyan output rose and investors worried the resurgent pandemic could hurt global demand.

The bellwether S&P 500 and the small cap Russell 2000 both reached record closing highs.

Upbeat results from Cisco Systems Inc and Walt Disney Co helped send Wall Street's three major stock indexes higher.

"Profits have been refreshingly healthy," said David Carter, chief investment officer at Lenox Wealth Advisors in New York. "It's really a credit to companies' ability to adapt and grow even in the face of the crisis."

Economically sensitive cyclicals and small cap stocks, which led the rally at the beginning of the week, once again outperformed. On Monday, investor risk appetite was boosted by Pfizer Inc's announcement that the COVID-19 vaccine being developed with German partner BioNTech SE appeared to be 90% effective.

President-elect Joe Biden's pandemic advisory board said there was no plan to enact a nation-wide shutdown.

"The recent vaccine headlines have clearly been a positive but there is still uncertainty and concerns regarding shutdowns," Carter added. "Biden's recent indication that the U.S. economy may remain open certainly helps market sentiment."

The S&P 500 and the blue-chip Dow posted their second straight weekly gains, and their best two-week runs since April, while the tech-heavy Nasdaq ended the session below last Friday's close.

Economic data released on Friday showed consumers were growing more pessimistic, while tepid inflation reflected slack labor markets and sluggish demand.

The Dow Jones Industrial Average rose 399.64 points, or 1.37%, to 29,479.81, the S&P 500 gained 48.14 points, or 1.36%, to 3,585.15 and the Nasdaq Composite added 119.70 points, or 1.02%, to 11,829.29.

European stocks ended flat as rising fears of economic damage from the pandemic offset recent vaccine optimism. Still, the benchmark index notched its second straight week of gains.

The pan-European STOXX 600 index rose 0.01% and MSCI's gauge of stocks across the globe <.MIWD00000PUS> gained 0.83%.

U.S. Treasury yields were mixed as investors consolidated positions ahead of the weekend and remained cautious given the surge in coronavirus cases. But the yield curve steepened on Friday, after flattening the previous session.

Benchmark 10-year notes last fell 2/32 in price to yield 0.893%, from 0.886% late on Thursday.

The 30-year bond last rose 6/32 in price to yield 1.6442%, from 1.652% late on Thursday.

U.S. crude dropped 2.41% to settle at $40.13 per barrel, while Brent settled at $42.78 per barrel, down 1.72% on the day.

The dollar was down, but safe-haven yen and Swiss franc currencies strengthened, reflecting a loss of risk appetite driven by vaccine hopes.

The dollar index fell 0.23%, with the euro up 0.23% to $1.1831.

The Japanese yen strengthened 0.48% versus the greenback at 104.64 per dollar, while Sterling was last trading at $1.3195, up 0.62% on the day.

Gold prices rose as rising global coronavirus infections sparked renewed fears over the pandemic's economic toll.

Spot gold added 0.6% to $1,887.78 an ounce.

(Reporting by Stephen Culp; Editing by David Gregorio)

By Stephen Culp


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BIONTECH SE -4.02% 101.59 Delayed Quote.24.62%
CISCO SYSTEMS, INC. 0.62% 45.43 Delayed Quote.0.89%
DJ INDUSTRIAL -0.57% 30814.26 Delayed Quote.1.26%
EURO / US DOLLAR (EUR/USD) 0.01% 1.2077 Delayed Quote.-0.52%
GOLD -0.04% 1826.88 Delayed Quote.-2.69%
LONDON BRENT OIL -2.91% 54.8 Delayed Quote.9.17%
NASDAQ 100 -0.73% 12803.932503 Delayed Quote.-0.65%
NASDAQ COMP. -0.87% 12998.502287 Delayed Quote.0.86%
PFIZER INC. -0.14% 36.7 Delayed Quote.-0.30%
S&P 500 -0.72% 3768.25 Delayed Quote.0.32%
STOXX EUROPE 600 -1.01% 407.85 Delayed Quote.2.21%
THE WALT DISNEY COMPANY -1.15% 171.44 Delayed Quote.-5.38%
WTI 0.00% 52.11 Delayed Quote.11.60%
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Financials (USD)
Sales 2021 48 835 M - -
Net income 2021 10 133 M - -
Net cash 2021 18 064 M - -
P/E ratio 2021 18,6x
Yield 2021 3,20%
Capitalization 192 B 192 B -
EV / Sales 2021 3,56x
EV / Sales 2022 3,32x
Nbr of Employees 77 500
Free-Float 99,9%
Chart CISCO SYSTEMS, INC.
Duration : Period :
Cisco Systems, Inc. Technical Analysis Chart | CSCO | US17275R1023 | MarketScreener
Technical analysis trends CISCO SYSTEMS, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 49,91 $
Last Close Price 45,43 $
Spread / Highest target 43,1%
Spread / Average Target 9,86%
Spread / Lowest Target -9,75%
EPS Revisions
Managers and Directors
NameTitle
Charles H. Robbins Chairman & Chief Executive Officer
Richard Scott Herren Chief Financial Officer & Executive VP
Chuck Churchill Director-Information Technology
Roderick C. McGeary Independent Director
M. Michele Burns Independent Director
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