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Post by richardsok on Nov 10, 2023 17:56:15 GMT
No help from me: TipRanks score: very strong 9/10. MerLyn: neutral. Technicals: inconclusive |
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Post by bb2 on Nov 10, 2023 21:18:53 GMT
Splunk buy is about 9 times Splunk sales, which is equal to CSCO main biz of network hardware for a year. The move hasn't been super well received but after reading a bit, seems like a good fit to me, as someone, many years ago, who spent more than a few hours a week eyeballing SYN's and ACK's and hex flow by on a network monitor after winging an installation of an FEP, Front End Processor, at a bank. World's come a long way. CSCO has been a surprisingly decent investment and I don't see why that'd change. CSCO up 15% this year, 35% in 3 years and 15% in 5 years equal to the S&P in 10 yrs. Pick your spots. Personally, I'm waiting.
The 7 remain en vogue and will because they make people money.
UTG for a CSCO switch instead of PFE or HD?
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Post by chang on Nov 16, 2023 23:02:57 GMT
FWIW: CSCO closed down 13% today on exceptional trading volume. Apparently the tech bubble is still bursting. Anyone thinking of adding CSCO here? Win Cisco dropped 10% today. I have a smallish holding going back to the 1990s. Worth adding a smidgen? I was thinking of a small add earlier in the month, but haven’t done anything. |
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Post by FD1000 on Nov 16, 2023 23:10:47 GMT
Since early 2023, tech has been leading. If I was investing in stocks I would have been in SPY and/or invested some in QQQ. SPY already has about 30% in tech. See chart ( schrts.co/gjDUHYnh) which have a max of 5 tickers. You can just sub 1-2 if them for XLK(Europe) EEM(EM) and QQQ/SPY still lead. |
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Post by chang on Nov 17, 2023 14:48:53 GMT
No bounce for Cisco today. Maybe I’ll buy a couple of shares at the close. I’m bored doing nothing for months and months.
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Post by win1177 on Nov 17, 2023 14:55:51 GMT
Anyone thinking of adding CSCO here? Win Cisco dropped 10% today. I have a smallish holding going back to the 1990s. Worth adding a smidgen? I was thinking of a small add earlier in the month, but haven’t done anything. I’m watching CSCO, may add a little if it drops much more. Year low is $45.16, so getting closer. I see it as a long steady DG company, already have a decent sized position of about 4%. So won’t add a lot. Win |
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Post by howaya on Nov 17, 2023 16:06:52 GMT
CSCO has had decent sales growth over the last three(?) quarters and indications suggest the next quarter's perceived slow down is due to customers digesting and deploying already-purchased products. But the business model shift towards services and subscriptions (along with the cyber security offerings the Splunk purchase will bring) means steadier earnings in the future. If high switching costs exist for current customers I suspect in time CSCO will achieve some pricing power, so the recent drop in stock price is overblown. I am holding.
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Post by roi2020 on Nov 18, 2023 22:55:57 GMT
There is an article about Cisco in Barron's this week.
"Cisco’s (ticker: CSCO) October-quarter results were fine.
Revenue was $14.7 billion, up 8% and at the high end of the company’s guidance range.
Adjusted profit was $1.11 a share, eight cents above Wall Street’s forecast.
But the good news basically ended right there."
"The midpoint of Cisco’s guidance for its January quarter calls for revenue of $12.7 billion, down 6.6% from a year ago, missing consensus by $1.5 billion.
Cisco also chopped its revenue outlook for the July 2024 fiscal year by about $3 billion, implying a decline of 5%.
And the company basically blamed it all on the pandemic."
"The case for bottom-fishing here is that Cisco shares have become dirt cheap.
The stock now trades at just 12 times expected fiscal 2024 earnings, and 3.5 times forward revenues.
There’s a 3% yield, and Cisco has committed to buying back $1.25 billion of stock every quarter."
www.msn.com/en-us/money/other/cisco-orders-soared-after-covid-now-the-company-is-dealing-with-the-fallout/ar-AA1k6l04
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Post by uncleharley on Nov 20, 2023 15:51:38 GMT
FWIW; Anyone interested in large cap Tech may want to look at IBM. The stock is setting another all-time high today, and the company seems to be more focused than Microsoft.
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Deleted
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Post by Deleted on Nov 20, 2023 16:43:15 GMT
FWIW; Anyone interested in large cap Tech may want to look at IBM. The stock is setting another all-time high today, and the company seems to be more focused than Microsoft. I spent 42 years with IBM and I believe they are very capable when they are, as you suggest, focused. I especially like the quantum computing. |
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Post by howaya on Nov 20, 2023 19:13:38 GMT
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Post by uncleharley on Nov 20, 2023 20:23:57 GMT
I wouldn't short it.
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Post by bb2 on Nov 20, 2023 20:42:33 GMT
What I've read in the popular press about quantum computing has me wondering if it's infancy will be very long lived. I'm not even sure if we're still in the believing stage or not.
Edit: But there must be something to it - much money is being spent. See the "National Quantum Initiative Reauthorization Act"
BTW, to IBM'ers: I spent a few years coding 360 assembly - loved the yellow book.
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Post by FD1000 on Nov 20, 2023 22:59:41 GMT
FWIW; Anyone interested in large cap Tech may want to look at IBM. The stock is setting another all-time high today, and the company seems to be more focused than Microsoft. I spent 42 years with IBM and I believe they are very capable when they are, as you suggest, focused. I especially like the quantum computing. I worked on mainframe about 30 years. IBM is behind for a long time. The chart below since 1-1-2010 (almost 14 years) is all you need to see. Attachments:
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Post by Deleted on Nov 21, 2023 1:57:12 GMT
I spent 42 years with IBM and I believe they are very capable when they are, as you suggest, focused. I especially like the quantum computing. I worked on mainframe about 30 years. IBM is behind for a long time. The chart below since 1-1-2010 (almost 14 years) is all you need to see. I simply opined regarding IBM's future. Your selected 14 year chart says nothing about the future. I won't post a chart showing the 14 years previous to 2010 but in 2010 I might have said "it's all I need to see". I would have been very wrong. |
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Post by Norbert on Nov 21, 2023 4:23:55 GMT
I spent 42 years with IBM and I believe they are very capable when they are, as you suggest, focused. I especially like the quantum computing. I worked on mainframe about 30 years. IBM is behind for a long time. The chart below since 1-1-2010 (almost 14 years) is all you need to see. Two things: 1) Over the past 30 years, IBM has killed the S&P 500. 2) Over the past two years IBM has again outperformed the S&P 500. It's now got better momentum than the index. @axe knows the company and posted reasons why he likes IBM going forward. I'd say the charts are actually supportive of his reasoning. IBM is more than "mainframes". Be careful about cherry picking time periods to support a certain narrative. |
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Post by retiredat48 on Nov 21, 2023 15:36:13 GMT
Old wall street story..."Many a bum walk the streets of Boston muttering to themselves: I bought IBM at $2 and sold at $3."
R48
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Post by racqueteer on Nov 21, 2023 15:42:40 GMT
IBM used to be all about the hardware (which was never cutting edge) or the research. Now more about services, I believe. Not so much a growth company any longer. Their missteps are the stuff of legend. My impression anyway.
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Post by FD1000 on Nov 21, 2023 16:00:37 GMT
IBM, as someone who worked in the business, we started calling IBM in the 90s...International BS Machine.
IBM was a much more leading high tech company decades ago. Today it is at number 50 in the SP500 at 0.37% of the index. The stock started to do better when AI became a buzz word. Here is a simple question: do you want to own IBM or MSFT stock in the next 10 years?
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mani
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Post by mani on Nov 21, 2023 18:01:02 GMT
Old wall street story... "Many a bum walk the streets of Boston muttering to themselves: I bought IBM at $2 and sold at $3."R48 My story with Nvidia. Oh well... |
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Post by habsui on Nov 22, 2023 4:12:00 GMT
Old wall street story... "Many a bum walk the streets of Boston muttering to themselves: I bought IBM at $2 and sold at $3."R48 My story with Nvidia. Oh well... Still holding NVDA, but I didn't buy at $2.. |
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mani
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Post by mani on Nov 22, 2023 18:31:56 GMT
My story with Nvidia. Oh well... Still holding NVDA, but I didn't buy at $2.. Adjusted for the 4:1 split I bought at around 2.20-2.50, sold around 4.40-5.00 (2009). I do this over and over with the "play money". I have a very hard time to hold onto anything past +100%. It's like burning in my pocket. Got to sell it to lock the gain (and miss on the next 20,000%  ). Luckily I stay away from messing with big mutual funds where my real retirement money is. |
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Post by howaya on Nov 29, 2023 16:46:04 GMT
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Post by chang on Nov 29, 2023 19:09:07 GMT
Thanks howaya. That was interesting, but I'm saddened to see Fidelity publishing articles written by AI bots. There's too much of that stuff polluting the internet. |
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Post by Chahta on Nov 29, 2023 19:42:29 GMT
Old wall street story... "Many a bum walk the streets of Boston muttering to themselves: I bought IBM at $2 and sold at $3."R48 My story with Nvidia. Oh well... My nephew worked for Nvidia. He quit as a young man and has moved to the Phillipines with a family there. I think he may be living off of his stock. |
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Post by steadyeddy on Nov 30, 2023 13:03:22 GMT
Thanks howaya . That was interesting, but I'm saddened to see Fidelity publishing articles written by AI bots. There's too much of that stuff polluting the internet. If a human edits what AI bot produces - that might be OK. After all, AI is supposed to improve productivity right? |
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Post by mnfish on Dec 2, 2023 12:21:41 GMT
An interesting chart in regard to the number of times AI was mentioned in earnings reports since this thread started in May 2022.  |
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Post by steadyeddy on Dec 2, 2023 14:10:55 GMT
AI as a technology is intriguing - and some obvious uses exist that improve productivity and could reduce operational costs for companies.
The issue is reliability of the results generated from AI - and it could take decades to benefit (revenue/profits) from it. Companies - including the one I work at - are hesitant to deploy AI due to potential legal complications that could arise from wrong answers/results (hallucination) from AI.
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).
