Cisco: Wall St. Revenue View Reasonable
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Cisco Systems Inc. , the biggest maker of gear to direct traffic over the Internet, on Tuesday said it was on track to meet Wall Street's fiscal 2005 revenue growth estimates, but signaled that profit margins were under pressure.
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U.S. stocks to watch: CISCO SYSTEMS  INC. CSCO.O Cisco, the world's largest maker of gear for  directing Internet traffic, on Monday distributed 162 million  merit-based common stock options to employees, including 1.5  million to Chief Executive John Chambers. Its shares ended at  $19.18 on Nasdaq.
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Most U.S. companies have reported earnings and the flow of economic data slows this week, so investors will look to U.S. trade figures and earnings from leading technology stocks Dell and Cisco for fuel to sustain the market's 2-week-old rally.
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Cisco Systems Inc. , the largest maker of communications gear to direct traffic over the Internet, on Tuesday said quarterly earnings rose, benefiting from higher sales in advanced technologies and the impact of a year-earlier accounting change.
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Cisco CEO Chambers and other executives wooed Wall Street Wednesday with predictions for sustained long-term growth.
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Cisco Systems Inc. , the largest maker of communications gear to direct traffic over the Internet, on Tuesday said quarterly earnings rose, but shares fell in after market trading amid concerns about weak revenue and rising inventory.
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Cisco Systems Inc.'s fiscal first-quarter profits jumped 29 percent as the network equipment giant reported continued strength in its traditional markets as well as emerging technologies such as Internet telephones, wireless and home networking gear.
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Cisco (CSCO:Nasdaq - news - research) disappointed Wall Street Tuesday with a first quarter profit that was merely in line with estimates, rather than the customary penny ahead.
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A weak forecast from Cisco marked another roller-coaster week for technology companies on the stock market.The Nasdaq, home to many tech companies, suffered a gut-wrenching 3.1 percent drop Tuesday after a U.S. service sector report showed a decline in the nonmanufacturing index from December to January. Though the index recovered somewhat during the rest of the week, the Tuesday drop was yet another demonstration that IT investors are worried that a broad economic slowdown will affect technology. The decline in the nonmanufacturing sector was the first such drop since the beginning of 2003.Cisco&#39;s earnings report&#160;on Wednesday reinforced concerns that the broader economy will have an impact on IT. Cisco forecast revenue for its current fiscal quarter to increase 10 percent, compared to analyst consensus expectations of 15 percent, according to Thomson Financial. On a conference call with analysts, CEO John Chambers said the upcoming quarters will be &quot;extremely challenging.&quot;Confirming fears of market watchers, he also noted that &quot;we are seeing our U.S. and European customers becoming increasingly cautious.&quot;However, sales for the fiscal quarter ending Jan. 26 were up by 16.5 percent to $9.8 billion. The company has been saying for some time that it will sustain double-digit growth through the rest of the decade by incorporating data, voice, video, and mobile capabilities -- its &quot;quadruple play&quot; -- across product lines.Despite the muted forecast, market watchers still have faith in the company. Company shares rose slightly the day after the report, closing at $23.38, up by $0.30.The &quot;quadruple play&quot; pitch still resonates with analysts, and several company watchers noted that Cisco shares have declined along with the wider market over the last few months, giving it a good valuation for long-term investors. Pacific Crest analyst Tim Daubenspeck upgraded the stock to &quot;Outperform&quot; from &quot;Sector Perform.&quot;&quot;Ultimately, we believe that many of the drivers are firmly in place for Cisco to achieve its long-term growth forecast of 12 percent to 17 percent,&quot; he said in a research note.Chambers&#39; cautious forecast, however, could have a bad effect on its suppliers and customers, including electronics manufacturing services and telecom companies. On Thursday, Qwest Communications dropped $0.29 to close at $5.27, Sprint Nextel declined by $0.6 to close at $9.56, and Nortel Networks dropped $0.55 to $10.99.In other telecom-sector news,&#160;Alcatel-Lucent&#160;on Friday said revenue for its fourth quarter increased 18 percent to $7.61 billion. The company, however, suffered a net loss of $3.76 billion, mainly because of a writedown related to the shrinking value of assets from Lucent. Company shares declined by $0.29 to $5.96 in midafternoon trading.Citigroup Global Equity Research said that the Cisco forecast does not bode well for electronics manufacturing suppliers. &quot;Simply put, this is not good news for EMS [electronics manufacturing services] companies,&quot; wrote Citigroup&#39;s Jim Suva in a research note.Such companies include Jabil Circuit, Celestica, and Smart Modular Technologies, he noted.In other technology sectors, Time Warner&#39;s plans to&#160;split up the Internet access and audience businesses of its AOL unit, reiterated by CEO Jeff Bewkes Wednesday, gave a temporary boost to Time Warner shares. Time Warner wants to grow AOL&#39;s ad-supported audience business, including online services and content.The company had said before that it would at some point run the two businesses as separate entities, to better focus on the advertising business. Nevertheless, company shares rose $0.31 Wednesday to close at $15.71.But the company has an uphill battle. In the fourth quarter, AOL&#39;s ad revenue increased 18 percent, less than the 25 percent industry average. And it faces not only Google, but a potentially strengthened Microsoft, if its&#160;bid to buy Yahoo&#160;succeeds.
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U.S. stocks were near the unchanged  mark on Wednesday as results from technology bellwether Cisco  Systems disappointed Wall Street, while investors await an  expected interest rate hike from the Federal Reserve later in  the trading session.
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Plus: Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook, shares fall...Sony profit up, forecast cautious.
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Juniper Networks sets tone for earnings season--analysts expect strong growth in IP networking.
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Cisco Systems, the world&#39;s largest maker of equipment that routes traffic across the Internet, barely met analyst expectations on Tuesday when it reported quarterly earnings and noted a sequential decline in revenues for its IP router business.
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(InfoWorld) - Cisco Systems isÂ on target to meet its growth forecastÂ for this quarter and sees big opportunities over the next several years in collaboration technologies and developing economies, executives told financial analysts on Wednesday. The company said last month it expects revenue to grow 16 percent in the current quarter, ending in October, and Chairman and CEO John Chambers said it stands by that estimate. That was one of few references to current results during a daylongÂ conference for Wall Street analystsÂ at Cisco's San Jose, California, headquarters. Instead, Cisco focused on what it sees as long-term trends that will help it grow. Rich IP (Internet Protocol) communication among employees, friends, and family members will change the way people work and live -- while offering an extra benefit to the router maker. "It really loads networks," a smiling Chambers said. He seesÂ Web 2.0 technologiesÂ such as social networking and wikis moving into enterprises alongsideÂ TelePresence, Cisco's big-screen, high-definition system for audio and video meetings. The company is so confident that enterprises will buy TelePresence that it's planning a suite of line cards for its flagship Catalyst switches that is designed to minimize jitter and other network problems to ensure the best TelePresence experience, said Jayshree Ullal, senior vice president of Cisco's datacenter, switching, and security technology group. Even as it crows about the superior quality of its own system, Cisco is also offering a version of TelePresence that can be hooked up with customers' existing videoconferencing points. The system, called Cisco Unified Conferencing for TelePresence, protects enterprises' investments in other conference platforms and has helped overcome resistance in some sales, Chambers said in an interview at the event. It's one more way to ease customers into TelePresence, along with a recent deal in which Regus Group will set up TelePresence facilities in its rental business centers, Chambers said. Chambers emphasized to analysts that the key to Cisco's success is the big picture. "It isn't anything unique that we're doing here, but it's an architectural play," Chambers said. Despite itsÂ brisk acquisition pace, the company doesn't acquire any technology that can't eventually be tightly integrated with the rest of its service provider, enterprise and home network products, he said. Selling an end-to-end architecture instead of just boxes helps keep Cisco above price-driven competition, said Mark Sue, an equity analyst at RBC Capital Markets, in New York. The company also has high hopes for emerging markets, where it expects year-over-year growth each quarter to average 30 percent to 50 percent over the next few years. The Middle East and Africa are especially hot now, including both oil-producing countries and parts of Africa where foreign aid money is going into networks for education and health care, said Paul Mountford, senior vice president for emerging markets. Meanwhile, in Europe, Cisco sees strong growth in Germany, which has used IT less than the U.K. but is embracing it more as it develops a service economy. Cisco has added numerous technologies to its portfolio in the past few years, including unified communications, wireless, and storage, and wants to pick up its pace. The company hopes to add a new technology every quarter, Chambers told the IDG News Service. One analyst at the conference thinks that's the wrong strategy. Cisco is now facing the same problem Microsoft and Intel did a few years ago when PCs had filled the market, said Samuel Wilson of JMP Securities. Cisco's enterprise customers already have networks, and it has to convince them to upgrade them, he said. But a mature company such as Cisco should admit it's not young anymore and invest in dividends for its investors instead of branching off into new areas, Wilson said. Â
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InfoWorld - When Cisco meets analysts Wednesday at an annual conference about its business outlook, the dominant networking player will bring a good financial record and an even more impressive forecast.
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SAN JOSE, Calif. - Cisco Systems Inc.&#39;s fiscal first-quarter profits jumped 29 percent as the network equipment giant reported continued strength in its traditional markets as well as emerging technologies
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Cisco Systems Inc. csco.o on Tuesday   reported quarterly revenue and income that exceeded market   expectations as companies upgraded their networks, sending its   shares up 9 percent.