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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (85048)

5/13/2020 4:29:25 PM

From: Sam

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Return to Sender

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Cisco stock heads higher as profit continues to flow amid pandemic despite revenue slowdown
MARKETWATCH 4:27 PM ET 5/13/2020

Symbol Last Price Change

CSCO	41.95	-1.27 (-2.94%)
QUOTES AS OF 04:15:00 PM ET 05/13/2020

By Jeremy C. Owens, MarketWatch , Jon Swartz

Earnings increase from last year despite sales decline; forecast for fiscal fourth quarter shows higher profit expectation than analysts

Cisco Systems Inc. (CSCO) showed stronger-than-expected resilience in its earnings Wednesday and shares went higher in after- hours trading, but the tech giant's sales are declining amid the COVID-19 pandemic.

The maker of network services, videoconferencing tools and security software reported third-quarter net income of $2.8 billion, or 65 cents a share, as revenue declined 8% to $12 billion from $12.96 billion in the year-ago period. After adjusting for stock compensation and other effects, Cisco(CSCO) reported earnings of 79 cents a share, up slightly from 78 cents a share a year ago.

Analysts surveyed by FactSet had projected adjusted earnings of 71 cents a share on revenue of $11.9 billion on average, though those expectations have come down significantly since COVID-19 began to spread across the globe. Analysts expected adjusted earnings of 80 cents a share on sales of $12.7 billion at the end of 2019.

The third-quarter results, announced after the market's close Wednesday, initially sent Cisco(CSCO) shares up 3% in after-hours trading. Cisco(CSCO) stock has dipped 20% the past 12 months, while the S&P 500 index has inched down 2%. Since March 12, however, Cisco(CSCO) shares have jumped 30%.

"The pandemic has driven organizations across the globe to digitize their operations and support remote workforces at a faster speed and greater scale than ever before. We remain focused on providing the technology and solutions our customers need to accelerate their digital organizations," Cisco(CSCO) Chief Executive Chuck Robbins said in a statement announcing the results.

See also: Cisco(CSCO) is seeing a spike in videoconferencing, but how will IT spending fare in the age of COVID-19? (http:// www.marketwatch.com/story/cisco-is-seeing-a-spike-in-videoconferencing-but-how-will-it-spending-fare-in-the-age-of- covid-19-2020-05-12)

As a major provider of networking equipment, Cisco(CSCO) is a crucial barometer of demand for information technology by major corporations. The results underscore softness in overall IT spending in the age of COVID-19 despite insatiable demand for certain aspects -- namely videoconferencing and network infrastructure.

For the fiscal fourth quarter, Cisco(CSCO) expects revenue decreases to accelerate, guiding for a year-over-year sales decline of 8.5% to 11.5% after hitting more than $13 billion in revenue in the year-ago quarter, suggesting that sales will come in lower than $12 billion. Analysts on average expected fourth-quarter revenue of $12.07 billion, after shaving off more than $750 million in response to COVID-19.

LIke its big profit beat on Wednesday, however, Cisco(CSCO) continues to exceed expectations with its earnings forecast. For the fourth quarter, the company expects adjusted earnings of 72 to 74 cents a share, topping the average analyst expectation of 71 cents a share, according to FactSet.

-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com

[Cisco's Bid-Ask is currently 43.19-43.20, bouncing around a lot.]

To: Return to Sender who wrote (85048)

5/14/2020 4:15:37 PM

From: Return to Sender

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BPNDX Falls 3 to 59 - [EXC LRCX added ALGN BMRN COST JBHT NTAP removed]

Mon	Tues	Wed	Thur
AAPL	AAPL	AAPL	AAPL
ADBE	ADBE	ADBE	ADBE
ADI	ADI	ADI	ADI
ADP	ADP	ALGN	AMGN
ALGN	ALGN	AMGN	AMZN
AMGN	AMGN	AMZN	ATVI
AMZN	AMZN	ATVI	AVGO
ATVI	ATVI	AVGO	BIIB
AVGO	AVGO	BIIB	CDNS
BIIB	BIIB	BMRN	CHKP
BMRN	BMRN	CDNS	CMCSA
CDNS	CDNS	CHKP	CSCO
CHKP	CHKP	CMCSA	CTAS
CHTR	CHTR	COST	CTXS
CMCSA	CMCSA	CSCO	EA
COST	COST	CTAS	EBAY
CSCO	CSCO	CTXS	EXC
CSX	CSX	EA	FAST
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CTXS	CTXS	FAST	FOXA
EA	EA	FB	GOOGL
EBAY	EBAY	FOXA	IDXX
EXPE	EXPE	GOOGL	ILMN
FAST	FAST	IDXX	INTC
FB	FB	ILMN	INTU
FISV	FISV	INTC	ISRG
FOXA	FOXA	INTU	JD
GOOGL	GOOGL	ISRG	KHC
HSIC	HSIC	JBHT	KLAC
IDXX	IDXX	JD	LBTYA
INTC	ILMN	KHC	LRCX
INTU	INTC	KLAC	LULU
ISRG	INTU	LBTYA	MCHP
JBHT	ISRG	LULU	MDLZ
JD	JBHT	MCHP	MELI
KHC	JD	MDLZ	MNST
KLAC	KHC	MELI	MSFT
LBTYA	KLAC	MNST	MXIM
LULU	LBTYA	MSFT	NFLX
MAR	LULU	MXIM	NLOK
MCHP	MCHP	NFLX	NTES
MDLZ	MDLZ	NLOK	NVDA
MELI	MELI	NTAP	ORLY
MNST	MNST	NTES	PCAR
MSFT	MSFT	NVDA	PEP
MU	MU	ORLY	PYPL
MXIM	MXIM	PCAR	QCOM
MYL	MYL	PEP	REGN
NFLX	NFLX	PYPL	SNPS
NLOK	NLOK	QCOM	SWKS
NTAP	NTAP	REGN	TCOM
NTES	NTES	SNPS	TMUS
NVDA	NVDA	SWKS	TTWO
NXPI	NXPI	TCOM	TXN
ORLY	ORLY	TMUS	VRSK
PAYX	PAYX	TTWO	VRSN
PCAR	PCAR	TXN	VRTX
PEP	PEP	VRSK	WDAY
PYPL	PYPL	VRSN	ZM
QCOM	QCOM	VRTX
REGN	REGN	WDAY
ROST	ROST	ZM
SNPS	SNPS
SWKS	SWKS
TCOM	TCOM
TMUS	TMUS
TSLA	TSLA
TTWO	TTWO
TXN	TXN
ULTA	ULTA
VRSK	VRSK
VRSN	VRSN
VRTX	VRTX
WDAY	WDAY
WYNN	WYNN
XRAY	ZM
ZM