Posts Tagged ‘CSCO’

Cisco Systems Inc. (CSCO) balloons on quarterly figures

Thursday, August 11th, 2011

Cisco Systems Inc. (Nasdaq: CSCO) shares rose 17.4% to $16.12 Thursday, on analyst upgrades after the networking-equipment maker reported better-than-expected quarter results late Wednesday. Volume for the stock amounted to 119.9 million shares, compared to a daily average of 75.1 million.

A news release put out August 10 stated that Cisco reported fourth quarter net sales of $11.2 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.2 billion or $0.22 per share, and non-GAAP net income of $2.2 billion or $0.40 per share.

Cisco CEO John Chambers was quoted in the same release as saying, “We’ve made significant progress on our comprehensive action plan to position ourselves for our next stage of growth and profitability, while delivering solid financial results in Q4. As we start our next fiscal year, you will see a very focused, agile, lean and aggressive company that is laser focused on helping our customers use intelligent networks to transform their businesses.”

GAAP net income for the fourth quarter and fiscal year 2011 included pretax charges of $772 million and $923 million, respectively, related to restructuring and other charges.

The San Jose-based Cisco is the worldwide leader in networking that transforms how people connect, communicate and collaborate.

GTXI gallops, CSCO clicks, NEP slips

Wednesday, April 13th, 2011

GTX Inc. (Nasdaq: GTXI) shares advanced 41.8% to $3.90, on volume of 2.9 million, dwarfing an average of only 85,000, after Citigroup Inc. upgraded the drug company to buy from hold.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 49.2 million shares, making it a volume leader Wednesday, but still falling below its average of 77.5 million. Share prices were down 1.2% to $17.24.

China North East Petroleum (AMEX: NEP) plummeted 15.9% to $3.22, on volume of 2.5 million, towering over a daily average around 440,000.

SWSH shines, CSCO pays up, OSN down

Monday, April 11th, 2011

Swisher Hygiene Inc. (Nasdaq: SWSH) shares surged 6.9% to $8.64. Volume was 1.2 million shares, or nearly twice its full-day average, after acquiring Q Linen Service, Inc. a South Florida-based linen services company.

Cisco Systems Inc. (Nasdaq: CSCO) dealt in 34.1 million shares early Monday afternoon, pursuing an all-day average of 76.8 million. Prices dipped a mite, though, 1.1% to $17.46, after being told to pay nearly $64 million in a patent case.

Ossen Innovation Inc. (Nasdaq: OSN) descended in price 15.2% to $2.35. Volume of just over 126,000 proved twice its normal daily average

EPIC excels, CSCO flat, OVTI thumped

Monday, April 4th, 2011

Epicor Software Corp. (Nasdaq: EPIC) shares climbed 11.3% to $12.51, on volume of 11 million shares, routing its daily average of 274,000, after the business supplier agreed to be acquired in a deal worth about $976 million.

Cisco Systems Inc. (Nasdaq: CSCO) dealt in 41.2 million shares Monday, compared to a 73.1-million-share average. Prices were flat, though, at $17.03. Shares of video conferencing products maker Radvision (see previous blog) are down $1.69, or 14%, at $10.27 after the company this morning cut its Q1 outlook, saying that revenue from Cisco Systems is coming in much lower than expected, at about $2 million versus $5 million expected.

OmniVision Technologies Inc. (Nasdaq: OVTI) shares slid 8.6% to $33.09, on volume of 7.5 million shares, or triple its daily average, on worries it might be replaced as Apple Inc.(Nasdaq: AAPL) image-sensor supplier in the next version of the iPhone. Apple shares dipped 1.4% to $339.70.

CYBI climbs, CSCO, MBND skid

Thursday, March 31st, 2011

Cybex International, Inc. (Nasdaq: CYBI) shares bolted 16.9% higher to 83 cents, on volume of 116,520 shares, compared to a daily volume of 44,877, on announcing 2010 net sales were $123.0 million compared to $120.5 million for 2009, a 2% increase. The loss for the year ended December 31, 2010 was $58.2 million, or $3.40 per diluted share, compared to a net loss of $2.4 million, or $0.14 per diluted share, for 2009.

Cisco Systems Inc. (Nasdaq: CSCO) bought and sold 38.9 million shares in early afternoon trading on Thursday, compared to a daily volume of 71.9 million. Share prices for CSCO dimmed 0.8% to $17.18.

Multiband Corporation (Nasdaq: MBND) faltered 24.6% in price Thursday to $4.50. Where average share volume would run around 63,000 shares, today’s topped 1.1 million, on word income from operations was $13.7 million from a loss of $7.2 million in fiscal 2009.