BUY or sell CSCO stock ahead of this LR?
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Layoffs will make Wall Street happy. My prediction is that CSCO will go up immediately after LR then decline after a short while. Let's see.
for all I hear, bookings and revenue are continuing to decline. Typically, the guidance for the current quarter and possible adjustments for the full year guidance have the biggest impact on the stock price. I don’t think a layoff, whatever the size, will balance a bad guidance. I have sold all Cisco two years ago, and I would not buy before earnings. I would also expect a blow for the stock price after Feb earnings, so it’s probably best to sell between now and earnings.
I sold last week.
Down 4% today. Crikey!
Wall Street usually loves a layoff. I'd say it's a buy just a few days before the layoff. Earnings call is a whole extra factor. Ive seen good earnings calls at Tesla send the stock spiraling downward.
If Chuck rips the band aid off off gets rid of 20,000-30,000 this round, then the company will finally be sized correctly which Wall Street will applaud and the stock price should get a nice bump up
LR is cutting down expenses on CSCO.
Cisco is doing LR to make investors or Wall Street happy. Once they bring down numbers of employees, costs of running the company going down meaning more profits for the company or investors, that’s how stocks going up after layoffs.
Problem is Cisco is laying off everyday.
Run away from these layoff teasers Cisco is playing to keep Wall Street happy. Unless you’re a D-O-G doesn’t mind to get played.
CSCO is a buy and value at $58 per Morgan Stanley. It dropped $2 today.
What is wild is seeing how the ELT that has been at the company less than 2 years have been dumping the stock. It is public information.
It doesn't always go up. If the 20K number is true, that's a huge layoff that may have a reverse effect, the investors will worry the company is in big trouble.
I sold at 52.3 last week
Stocks usually going up after layoff announcements.
"Buy low, sell high." Not sure whether the stock price will go up or down after the Feb. 14 earnings call although Wall Street generally responds favorably to news of a layoff. The stock plummeted (14%?) after the Q1 earnings call because the company stated Q2 earnings were projected to go down YoY.