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Stockreport

Cisco is ‘very optimistic' about its expanding business with China EVs [CNBC]

Cisco Systems, Inc. (CSCO)  More Company Research Source: CNBC
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.cisco.com/investor-relations/overview/default.aspx
The EV segment is the U.S. tech giant's second-largest for the region — Cisco generates most of its revenue in Greater China from manufacturing companies, and within that, electric cars form the largest category, said Ming Wong, vice president and CEO of Cisco Greater China. Chinese EV-makers have ramped up their global expansion in the last year as domestic competition intensified. However, trade tensions have escalated, with the U.S. and likely the European Union, increasing tariffs on imports of Chinese electric cars. That doesn't necessarily restrict their growth. Chinese automakers, such as BYD , are investing in local factories Cisco, which provides networking equipment and software for businesses, is working with at least 10 electric car customers as they build factories, offices and research and development centers overseas, according to Wong. “At least as of now, we don't hear anything from the [EV] customers saying that, ‘Oh, because of this, we need to stop inves [Read more]
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Stockreport

Cisco is ‘very optimistic' about its expanding business with China EVs [CNBC]

Cisco Systems, Inc.  (CSCO) 
More Company Research Source: CNBC
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.cisco.com/investor-relations/overview/default.aspx
The EV segment is the U.S. tech giant's second-largest for the region — Cisco generates most of its revenue in Greater China from manufacturing companies, and within that, electric cars form the largest category, said Ming Wong, vice president and CEO of Cisco Greater China. Chinese EV-makers have ramped up their global expansion in the last year as domestic competition intensified. However, trade tensions have escalated, with the U.S. and likely the European Union, increasing tariffs on imports of Chinese electric cars. That doesn't necessarily restrict their growth. Chinese automakers, such as BYD , are investing in local factories Cisco, which provides networking equipment and software for businesses, is working with at least 10 electric car customers as they build factories, offices and research and development centers overseas, according to Wong. “At least as of now, we don't hear anything from the [EV] customers saying that, ‘Oh, because of this, we need to stop inves [Read more]
IMPACT SNAPSHOT
EVENT TIME:
CSCO
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS