Cisco News came
in when it announced it would invest US$ 100 million in Australia in the form
of an innovation fund. The decision was made taking into account the country’s
capacity to be a leading innovation and development center especially in the
sector of mining and minerals. In
addition to this, Ken Boal, the Vice president of Cisco New Zealand and
Australia said the funds would be allocated to best projects globally and not
particularly in a country.
The Cisco share Price
is currently trading at $21.64 down 0.8% from last night’s closing price which
was $21.83. The Cisco Stock price
has Depreciated 3.5% since
the start of 2014 and appreciated 3.8% since March 21st last year. Cisco Revenues have declined recently due to the slowdown in the emerging markets that are focusing more on cloud computing services instead of hardware. But Data Centers which is a product for Cisco based on cloud services saw 10% growth (YoY) because of the transition. And the company has guided revenues to decline by around 7% in the next quarter.
the start of 2014 and appreciated 3.8% since March 21st last year. Cisco Revenues have declined recently due to the slowdown in the emerging markets that are focusing more on cloud computing services instead of hardware. But Data Centers which is a product for Cisco based on cloud services saw 10% growth (YoY) because of the transition. And the company has guided revenues to decline by around 7% in the next quarter.
Cisco Earnings
per share is $1.5 currently. The earnings increased recently due to the share
buybacks done by Cisco. Due to the slowdown in revenues and sales from majority
of geographic segments including BRICS, America, Asia Pacific Japan and China
segments, Cisco Stock is rated as a
downgrade by 50% of the Research firms.
Cisco
Shares
give a negative outlook in the upcoming months due to the reasons discussed
above.
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