Why Did Snap Shares Rise Last Week?
Shares of Internet technology firm Snap (SNAP) rose 18.4% last week (ended August 18, 2017) to close at $14.01.
Shares of consumer technology firm GoPro (GPRO) fell 8.4% last week (ended August 18, 2017) to close at $9.05.
Shares of Frontier Communications (FTR) fell 9% last week (ended August 18, 2017) to close at $13.56.
Shares of Century Link (CTL) fell 11.5% last week (ended August 18, 2017) to close at $19.16.
Since the start of 2017, Cisco Systems (CSCO) stock has risen 2.7% after rising 15.2% in 2016.
Cisco Systems (CSCO) repurchased 38 million shares worth $1.2 billion in fiscal 4Q17 and paid ~$1.4 billion in dividends to shareholders.
Cisco Systems (CSCO) expects its revenues to fall in the range of 1%–3% YoY year-over-year in fiscal 1Q18.
In fiscal 2017, revenues from Cisco’s Services segment rose 3% year-over-year to $12.3 billion.
Revenues from Cisco’s (CSCO) Wireless business rose 5% year-over-year in fiscal 4Q17 to $800 million.
Revenues from Cisco’s (CSCO) Switching business fell 9% year-over-year in fiscal 4Q17 to ~$3.4 billion.
Revenues from Cisco’s (CSCO) Data Center segment fell 4% year-over-year in fiscal 4Q17 to $837 million.
Cisco’s Routing segment’s revenues fell 9% year-over-year in fiscal 4Q17 to $1.9 billion.
In fiscal 4Q17, Cisco Systems’ (CSCO) Collaboration revenues fell 3% year-over-year to ~$1.1 billion.
Cisco Systems launched its IoT (Internet of Things) threat defense solution, which utilizes scalable security architecture.
Cisco Systems’ (CSCO) Security segment reported revenues of $558 million in fiscal 4Q17, an increase of 3% year-over-year.
Cisco Systems (CSCO) announced its fiscal 4Q17 results on August 16. Cisco reported revenues of $12.1 billion in fiscal 4Q17, a fall of 4% year-over-year.
Of the 20 analysts covering Hewlett-Packard, 14 have given it a “buy” recommendation, and six have recommended a “hold.”
Hewlett-Packard (HPQ) is planning to open 1,000 retail stores in India by the end of 2018, which is far more than its current 490 stores.
Hewlett-Packard’s Printing segment revenue rose 2.0% YoY to $4.7 billion in fiscal 2Q17.
Analysts expect revenue growth for HPQ despite a declining PC (personal computer) market.