AMD Sinks 10.5% as Chip Rally Unwinds, Nasdaq 100 Falls 1.7%: Stock Market Today
AMD lost about $100 billion as traders unwound the post-Huang chip rotation, Nvidia's China scandal deepened and Cisco slid on margins. QQQ fell 1.7%.
Follow the latest Cisco Systems, Inc. (CSCO) news and market headlines alongside the live CSCO price. Stay informed on what's moving CSCO.
AMD lost about $100 billion as traders unwound the post-Huang chip rotation, Nvidia's China scandal deepened and Cisco slid on margins. QQQ fell 1.7%.
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Wells Fargo analyst Joe Quatrochi maintains Cisco Systems (NASDAQ:CSCO) with a Overweight and lowers the price target from $150 to $130.
Cisco shares fell despite Q1 beats and raised FY27 guidance; analysts cited AI momentum but cut target price on slower orders.
Piper Sandler analyst James Fish reiterates Cisco Systems (NASDAQ:CSCO) with a Neutral and lowers the price target from $125 to $112.
Barclays analyst Tim Long maintains Cisco Systems (NASDAQ:CSCO) with a Equal-Weight and lowers the price target from $123 to $109.
Truist Securities analyst Matthew Niknam maintains Cisco Systems (NASDAQ:CSCO) with a Buy and lowers the price target from $140 to $127.
Cisco reported record Q1 FY2027 revenue of $18.5 billion, up 24% year-over-year, with AI infrastructure revenue projected to reach $9 billion in FY2027, more than double FY2026 levels. The company achieved operating leverage by reducing headcount while expanding revenue, expecting a 19% increase in revenue per employee. Management highlighted a multiyear networking super cycle driven by hyperscaler demand and enterprise modernization across data centers and campus networks.
Rosenblatt analyst Mike Genovese maintains Cisco Systems (NASDAQ:CSCO) with a Buy and lowers the price target from $165 to $140.
Cisco CEO Chuck Robbins says U.S. AI data centers will get built despite political pushback and sees no demand shift overseas.
U.S. stock futures were mixed on Friday, as the Dow Jones, S&P 500, and Nasdaq 100 indices were mixed, after Thursday's close lower.
Stocks in focus: Applied Materials and Cisco beat estimates and raised guidance; Flowers Foods missed and cut outlook. Mizuho and SMFG report earnings.
Major U.S. indices closed lower Thursday, with the Dow Jones Industrial Average down 0.36% to 52,297.09.
Cisco Systems reported record fiscal Q1 results with adjusted EPS of $1.40 (up 40% YoY) and revenue of $18.52 billion (up 24% YoY), driven by strong AI infrastructure and networking demand. The company raised its FY27 revenue guidance to $74.8-$75.8 billion and adjusted EPS guidance to $5.47-$5.53, with hyperscaler AI infrastructure revenue expected to exceed $9 billion. Cisco maintains its quarterly dividend of $0.42 per share and holds a Zacks Rank #2 (Buy) rating.
Cisco Systems reported $18.52 billion in revenue for the quarter ended October 2026, up 24.4% year-over-year and beating consensus estimates by 2.14%. EPS of $1.40 exceeded expectations of $1.33 by 5.26%. Strong performance was driven by networking revenue growth of 43.3%, though the stock has declined 11.3% over the past month. Cisco maintains a Zacks Rank #2 (Buy) rating.
Cisco Systems reported quarterly earnings of $1.4 per share, beating consensus estimates of $1.33 and showing a 5.26% earnings surprise. Revenue reached $18.52 billion, surpassing estimates by 2.14% and up from $14.88 billion year-ago. The stock has gained 30.8% year-to-date, outperforming the S&P 500's 11.3% gain. Cisco holds a Zacks Rank #2 (Buy) rating with favorable estimate revision trends.
Cisco Systems Inc (NASDAQ:CSCO) posts financial results for the first quarter of fiscal 2027 after the market close on Thursday.
Cisco Systems (NASDAQ:CSCO) raises FY2027 GAAP EPS guidance from $4.00-$4.06 to $4.38-$4.44 vs $4.15 analyst estimate..
Cisco Systems (NASDAQ:CSCO) is looking for Q2 GAAP EPS of $1.07-$1.09 vs $0.97 analyst estimate..
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