Latest News for Eutelsat Comms Stock (OTC:ETCMY)

Eutelsat Communications is a French commercial satellite provider with coverage spanning the European continent, the Middle East, Africa, India, and the Americas. It operates a fleet of over 36 satellites serving broadcasters, telecommunications operators, Internet service providers, and government agencies. These satellites are used for video broadcasting, news gathering, broadband services, and data connectivity solutions. Eutelsat generates revenue in Europe, the Americas, the Middle East and North Africa, and Asia.

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Eutelsat, OneWeb Brace To Unite To Compete SpaceX: Report

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Stocks That Hit 52-Week Lows On Tuesday

EUTELSAT COMMUNS SA S/ADR by Eutelsat Communications

Eutelsat Communications

The company announced that its Board of Directors has declared a quarterly dividend of&nbsp;$0.165&nbsp;per share of common stock, or&nbsp;$0.66&nbsp;per share on an annualized basis. The&nbsp;first quarter&nbsp;2024 dividend will be paid on May 14, 2024 to all stockholders of record on May 7, 2024.
In connection with the extension, the Board of Directors replenished the amount of shares authorized for repurchase under the Share Repurchase Program, resulting in available capacity of&nbsp;$50 million.

Buybacks

AROC

Archrock Reports Extension Of Share Repurchase Program For An Additional 24-Month Period

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) defied expectations this week, experiencing a price increase of around 3.7% even as investors pulled a significant amount of money out of Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38427873/blackrocks-spot-bitcoin-etf-sees-zero-inflows-as-net-outflows-tally-130m-on-wednesday">exchange-traded funds (ETFs)</a>.
What Happened: According to <a href="https://sosovalue.xyz/assets/etf">data</a> from SoSoValue, the total net outflow from Bitcoin spot ETFs on Thursday was a hefty $218 million. 
This outflow marks the first time that Fidelity&#8216;s (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>) and Valkyrie&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRRR#NASDAQ">BRRR</a>) ETFs witnessed net withdrawals of $22.61 million and $20.16 million, respectively. 
Grayscale&#8216;s industry-leading (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTC">GBTC</a>) ETF shouldered the brunt of the outflows, experiencing a net loss of $139 million on Thursday.
Franklin Templeton&#8216;s EZBC (BATS:<a class="ticker" href="https://www.benzinga.com/stock/EZBC#BATS">EZBC</a>) was the lone bright spot, recording a modest daily net inflow of $1.87 million, while BlackRock&#8217;s iShares Bitcoin Trust (NASDAQ: <a href="https://www.benzinga.com/quote/IBIT">IBIT</a>) recorded its second straight day of no new inflows.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38441774/consensys-sues-sec-over-ethereum-classification-calls-for-regulatory-clarity">Consensys Sues SEC Over Ethereum Classification, Calls For Regulatory Clarity</a>
Despite the overall negative sentiment in the ETF market, the price of Bitcoin continues to climb, suggesting a potential disconnect between investor sentiment in the ETF market and the underlying asset itself.
This disconnect is further supported by research from JPMorgan, which indicates a weakening correlation between Bitcoin ETF prices and investor inflows, according to a Coindesk <a href="https://www.coindesk.com/markets/2024/04/26/bitcoin-stable-above-64k-while-etf-outflows-hit-200m/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines">report</a>.
While the outflows are significant, it&#8217;s worth noting that they come on the heels of a strong week for Bitcoin, with its price climbing nearly 4%. 
Additionally, liquidation data suggests a relatively stable market, with only $13.48 million worth of Bitcoin longs being liquidated in the past 24 hours.
What&#8217;s Next: The recent outflows from <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38431467/morgan-stanley-considers-broader-bitcoin-etf-sales-through-broker-network">Bitcoin spot ETFs</a> raise questions about investor sentiment and the future of this investment vehicle. Will this trend continue, or is it a temporary blip? 
What are the long-term implications for the Bitcoin market?
The Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event, scheduled for Nov. 19, will bring together industry leaders, analysts, and investors to <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38441774/consensys-sues-sec-over-ethereum-classification-calls-for-regulatory-clarity">discuss these critical issues.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38439558/bitcoin-options-on-hold-sec-delays-decision-seeks-public-input">Bitcoin Options On Hold: SEC Delays Decision, Seeks Public Input</a>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Franklin Bitcoin ETF Franklin Bitcoin ETF

EZBC

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

GBTC

IBIT

Spot Bitcoin ETFs Clobbered By $218M Net Outflow On Thursday

Needham analyst Ryan MacDonald maintains Accolade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) with a Buy and lowers the price target from $17 to $13.

Price Target

Analyst Ratings

ACCD

Needham Maintains Buy on Accolade, Lowers Price Target to $13

Barclays analyst Christine Cho upgrades Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) from Equal-Weight to Overweight and announces $134 price target.

Upgrades

ENPH

Barclays Upgrades Enphase Energy to Overweight, Announces $134 Price Target

NatWest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWG#NYSE">NWG</a>) reported quarterly earnings of $0.26 per share. This is a 16.13 percent decrease over earnings of $0.31 per share from the same period last year. The company reported $4.407 billion in sales this quarter. This is a 6.39 percent decrease over sales of $4.708 billion the same period last year.

Earnings

NatWest Group Q1 2024 GAAP EPS $0.26 Down From $0.31 YoY, Sales $4.407B Down From $4.708B YoY

OCGN

Ocugen Says It Will Present On Modifier Gene Therapy Platform At Association For Research In Vision And Ophthalmology 2024 Annual Meeting

Guidance

Barnes Raised FY24 Adjusted EPS To $1.62-$1.82 (From $1.55-$1.80) Vs. $1.70 Est.

As a result, it was determined that the Ault Global Real Estate Equities assets and liabilities previously presented as assets and liabilities held for sale within the Company's balance sheet will no longer meet the held for sale criteria. Assets of $91.0 million and liabilities of $70.4 million as of December 31, 2023 were reported as assets and liabilities held for sale. In future periods, assets and liabilities of AGREE will be reclassified to assets and liabilities held and used and amounts previously presented in discontinued operations will be reclassified into continuing operations for all periods presented.

AULT

Ault Alliance Says It Has Ended Marketing Process For Its Four Hotels Owned And Operated By Wholly Owned Subsidiary, Ault Global Real Estate Equities

JP Morgan analyst Harlan Sur maintains Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Underweight and lowers the price target from $37 to $35.

INTC

JP Morgan Maintains Underweight on Intel, Lowers Price Target to $35

For the full year of 2024, Civeo is maintaining its previously provided Adjusted EBITDA&nbsp;guidance&nbsp;range&nbsp;of&nbsp;$80 million&nbsp;to&nbsp;$90 million and capital expenditure&nbsp;guidance&nbsp;of&nbsp;$30 million&nbsp;to&nbsp;$35 million.

CVEO

Civeo Maintains FY24 Revenue Guidance Range Of $625M-$700M, Est $653.562M

Barnes Updated FY24 Guidance For Sales Growth To 13%-16% (Vs. 12%-16% Prior); Organic Sales Growth To 5%-8% (Vs. 4%-8% Prior)

LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) reported quarterly earnings of $1.53 per share which beat the analyst consensus estimate of $1.37 by 11.68 percent. This is a 38.8 percent decrease over earnings of $2.50 per share from the same period last year. The company reported quarterly sales of $9.925 billion which beat the analyst consensus estimate of $9.730 billion by 2.00 percent. This is a 3.14 percent decrease over sales of $10.247 billion the same period last year.

Earnings Beats

LyondellBasell Industries Q1 2024 Adj EPS $1.53 Beats $1.37 Estimate, Sales $9.925B Beat $9.730B Estimate

Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) reported quarterly losses of $(0.35) per share which missed the analyst consensus estimate of $(0.20) by 75 percent. The company reported quarterly sales of $166.120 million which beat the analyst consensus estimate of $154.726 million by 7.36 percent. This is a 0.88 percent decrease over sales of $167.591 million the same period last year.

Earnings Misses

Civeo Q1 2024 GAAP EPS $(0.35) Misses $(0.20) Estimate, Sales $166.120M Beat $154.726M Estimate

WIIM

Exxon Mobil shares are trading lower following a Q1 earnings miss.

Editor&#8217;s note: This story was updated with background and context for the NHTSA&#8217;s investigation.
The U.S. auto safety regulator has initiated an investigation into Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) proposed remedy for <a href="https://www.benzinga.com/news/23/12/36212289/tesla-issues-massive-recall-of-over-2m-vehicles-over-autosteer-concerns" target="_blank" rel="noreferrer noopener">the recall of over 2 million vehicles</a> issued in December.
What Happened:&nbsp;In December, Tesla recalled 2.03 million vehicles — its largest ever — equipped with all versions of Autosteer, citing insufficient controls to prevent misuse. The company announced it would address the issue through a software update.
However, concerns arose following post-remedy crash events and preliminary tests conducted by the National Highway Traffic Safety Administration&#8217;s Office of Defects Investigation. Consequently, the agency has launched a &#8220;recall query investigation.&#8221;
Why It Matters:&nbsp;The recall, affecting Tesla&#8217;s high-end models S and X, as well as the lower-end Model 3 and Y vehicles manufactured between 2012 and 2023, stemmed from an NHTSA investigation initiated in August 2021.&nbsp;
The investigation&nbsp;was prompted&nbsp;by eleven incidents involving stationary first-responder vehicles and Tesla cars with Autosteer enabled.
Despite not concurring with the agency&#8217;s analysis, Tesla opted to recall the vehicles to resolve the investigation.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/mobility" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/04/38452299/tesla-ceo-elon-musk-denies-human-rights-abuses-in-most-ev-battery-production-those-that-do-use-very" target="_blank" rel="noreferrer noopener">Tesla CEO Elon Musk Denies Human Rights Abuses In Most EV Battery Production: ‘Those That Do…Use Very Little'</a>

Government

Regulations

Did Tesla's Software Update Fix Autosteer Problems For 2M Cars? NHTSA Starts Probing (UPDATED)

JP Morgan analyst Joseph Greff downgrades Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) from Overweight to Neutral and lowers the price target from $80 to $67.

Downgrades

JP Morgan Downgrades Boyd Gaming to Neutral, Lowers Price Target to $67

Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) reported quarterly earnings of $2.06 per share which missed the analyst consensus estimate of $2.20 by 6.36 percent. The company reported quarterly sales of $83.083 billion which beat the analyst consensus estimate of $78.352 billion by 6.04 percent. This is a 4.02 percent decrease over sales of $86.564 billion the same period last year.

Exxon Mobil Q1 2024 Adj EPS $2.06 Misses $2.20 Estimate, Total Revenues And Other Income $83.083B Beat $78.352B Estimate

Barnes Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.36 by 5.56 percent. The company reported quarterly sales of $430.638 million which beat the analyst consensus estimate of $427.891 million by 0.64 percent. This is a 28.41 percent increase over sales of $335.357 million the same period last year.

Barnes Gr Q1 2024 Adj EPS $0.38 Beats $0.36 Estimate, Sales $430.638M Beat $427.891M Estimate

JP Morgan analyst Kenneth Worthington downgrades AssetMark Financial Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMK#NYSE">AMK</a>) from Overweight to Neutral and announces $37 price target.

JP Morgan Downgrades AssetMark Financial Hldgs to Neutral, Announces $37 Price Target

Linde Expanded Production Capacity At Mims By 50%, Following Similar Project In 2020 That Doubled Output; Company Says It Will Meet Demand For Oxygen, Nitrogen And Argon From Customers Across Healthcare, Manufacturing, Food Processing And Water Treatment

Eutelsat Group reports Q1 results

With AI ambitions and a gain in market share, should investors buy or sell Cisco Systems (CSCO) before its earnings report is released tomorrow? Let's look at its financial metrics to get an idea… Networking powerhouse Cisco Systems, Inc. (<a href="https://stocknews.com/stock/CSCO">CSCO</a>) is eyeing Artificial Intelligence opportunities. The company announced its <a href="https://www.forbes.com/sites/greatspeculations/2023/09/26/why-is-cisco-buying-splunk/">decision to acquire</a> Splunk Inc. (<a href="https://stocknews.com/stock/SPLK/">SPLK</a>) in a $28 billion cash deal, with the aim of addressing cybersecurity needs.
CSCO, set to report its fiscal 2024 first-quarter results tomorrow, reported a three percentage point market share gain in the last reported quarter. For the to-be-reported quarter, the company expects revenue between $14.5 billion and $14.7 billion, while non-GAAP <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> is projected to be between $1.02 and $1.04.
Given this backdrop, let's look at the trends of CSCO's key financial metrics to understand why it could be wise to invest in the stock now.
Analyzing Cisco Systems, Inc.'s Financial Performance from 2021 to 2023
The fluctuating trend of trailing-12-month net income reported by CSCO from early 2021 to mid-2023 can be summarized as follows:
<ul>
<li style="font-weight: 400;" aria-level="1">On January 23, 2021, the net income was $10.13 billion</li>
<li style="font-weight: 400;" aria-level="1">A slight increase was witnessed on May 1, 2021, accounting for a net income of $10.22 billion.</li>
<li style="font-weight: 400;" aria-level="1">There was a minor surge by July 31, 2021, with the net income reaching $10.59 billion.</li>
<li style="font-weight: 400;" aria-level="1">Significant growth became apparent by October 30, 2021, as the net income rose to $11.4 billion.</li>
<li style="font-weight: 400;" aria-level="1">This growth continued into the new year, with the net income being $11.83 billion as of January 29, 2022.</li>
<li style="font-weight: 400;" aria-level="1">By April 30, 2022, the figures escalated slightly to peak at $12.01 billion.</li>
<li style="font-weight: 400;" aria-level="1">A downward curve set in from July 30, 2022, as the net income dropped to $11.81 billion.</li>
<li style="font-weight: 400;" aria-level="1">The net income further slid down to $11.5 billion by October 29, 2022.</li>
<li style="font-weight: 400;" aria-level="1">January 28, 2023, came with reduced net returns, specifically accounting for $11.3 billion.</li>
<li style="font-weight: 400;" aria-level="1">However, there was a subtle resurgence by April 29, 2023, as the net income jumped back to $11.47 billion.</li>
<li style="font-weight: 400;" aria-level="1">As of the last entry, dated July 29, 2023, the net income skyrocketed to $12.61 billion, which is its highest level during this period.</li>
</ul>
In summary, the net income of CSCO demonstrated a generally increasing trend despite some fluctuations. By comparing the first value to the last, the growth rate from January 2021 to July 2023 is approximately 24.5%, indicating favorable financial performance over this period.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699958901.85931.png" />
The following is the trend and fluctuations for the trailing-12-month revenue of CSCO:
<ul>
<li style="font-weight: 400;" aria-level="1">On January 23, 2021, the revenue was $48.03 billion.</li>
<li style="font-weight: 400;" aria-level="1">By May 1, 2021, it had increased slightly to $48.85 billion.</li>
<li style="font-weight: 400;" aria-level="1">Further growth was observed by July 31, 2021, when the revenue reached $49.82 billion.</li>
<li style="font-weight: 400;" aria-level="1">Then, by October 30, 2021, it showed another rise to $50.79 billion.</li>
<li style="font-weight: 400;" aria-level="1">The revenue recorded a value of $51.55 billion by January 29, 2022.</li>
<li style="font-weight: 400;" aria-level="1">A marginal increase was observed by April 30, 2022, taking the revenue to $51.58 billion.</li>
<li style="font-weight: 400;" aria-level="1">However, a slight dip occurred by July 30, 2022, with the revenue being $51.56 billion.</li>
<li style="font-weight: 400;" aria-level="1">It jumped back to $52.29 billion on October 29, 2022.</li>
<li style="font-weight: 400;" aria-level="1">January 28, 2023, saw a significant rise in revenue to $53.16 billion.</li>
<li style="font-weight: 400;" aria-level="1">Then, the revenue experienced the most considerable spikes so far, hitting successively larger amounts of $54.90 billion on April 29, 2023, and $57.00 billion on July 29, 2023</li>
</ul>
Most recently, CSCO's revenue records its highest value in the series at $57.00 billion as of July 29, 2023. Overall, compared to the first value taken on January 23, 2021, this represents a remarkable growth rate.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699958943.24762.png" />
The Return On Invested Capital (ROIC) of CSCO exhibits a gradual upward trend over the span of two years, from January 2021 to July 2023.
<ul>
<li style="font-weight: 400;" aria-level="1">Starting with a ROIC of 0.367 in January 2021, by July 2023, the ROIC had achieved a value of 0.55, signifying an overall growth rate of nearly 50% during this timeframe.</li>
<li style="font-weight: 400;" aria-level="1">Within this timeframe, however, there are some observed minute fluctuations. For example, from April 2022 to July 2022, the ROIC dropped slightly from 0.483 to 0.48.</li>
<li style="font-weight: 400;" aria-level="1">Overall, though, the trend of the ROIC remains positive, consistent with the data showing an increase of 0.378 from the first value to the last.</li>
<li style="font-weight: 400;" aria-level="1">Most recently, from January 2023 to July 2023, the ROIC grew from 0.496 to 0.55, a relative increase of over 10% within just six months.</li>
</ul>
Therefore, despite brief instances of variation, CSCO's ROIC demonstrates a principally positive trajectory, indicative of potential robust operational efficiency and effective use of capital.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699958988.17031.png" />
The reported asset turnover of CSCO exhibits a consistent upward trend over the specified period from January 2021 to July 2023. To provide a summary:
<ul>
<li style="font-weight: 400;" aria-level="1">On January 23, 2021, the company recorded an asset turnover value of 0.51.</li>
<li style="font-weight: 400;" aria-level="1">Over the course of two years and a few months, there has been a gradual increase in the asset turnover.</li>
<li style="font-weight: 400;" aria-level="1">Notably, as of July 29, 2023, the asset turnover reached its peak at 0.587, showing promising growth.</li>
</ul>
While fluctuations are observed throughout the series, they do not deviate from the overall trend towards growth. Significant points include:
<ul>
<li style="font-weight: 400;" aria-level="1">There was slight growth between May 1, 2021, and July 31, 2021, from 0.515 to 0.522.</li>
<li style="font-weight: 400;" aria-level="1">A notable increase occurred from October 30, 2021, with an asset turnover of 0.53, to January 29, 2022, when it rose to 0.54.</li>
<li style="font-weight: 400;" aria-level="1">By April 29, 2023, the asset turnover had further risen to 0.577, maintaining the general upward trend.</li>
</ul>
Considering the values from January 2021 (0.51) and July 2023 (0.587), we can calculate that the asset turnover experienced an approximate growth rate of 15.1% over this period. This suggests a positive trend in CSCO's ability to generate sales from its assets.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699959129.85497.png" />
Analyzing Cisco Systems, Inc.'s Six-Month Stock Performance: Upward Trend, Downfall, and Stabilization
Analyzing the share price data of CSCO provided:
<ul>
<li style="font-weight: 400;" aria-level="1">Beginning on May 19, 2023, at a price of $48.32, there was an upward trend until September 8, 2023, when it peaked at $57.04.</li>
<li style="font-weight: 400;" aria-level="1">This rise over four months indicates a consistent positive growth rate for CSCO between May and early September 2023.</li>
<li style="font-weight: 400;" aria-level="1">The highest increase in price within a week happened between August 18, 2023 ($54.12) and August 25, 2023 ($55.60).</li>
<li style="font-weight: 400;" aria-level="1">Following the peak, there was a notable decrease in price, hitting a low point at $52.18 on October 27, 2023. This transition from the peak to this low point represents a decelerating trend in the share price.</li>
<li style="font-weight: 400;" aria-level="1">Though there were minimal fluctuations after the decline, the price remained relatively stable around the lower $50s onwards into November.</li>
<li style="font-weight: 400;" aria-level="1">The final recorded price was $52.23 on November 13, 2023, which is slightly higher than when the deceleration halted.</li>
</ul>
To summarize, CSCO experienced a steady upward trend from May 19, 2023, to September 8, 2023, followed by a less consistent downward trend until late October. Afterward, the price stabilized in the lower $50 range. Here is a chart of CSCO's price over the past 180 days.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699959220.43974.png" />
Analyzing Cisco Systems, Inc.'s POWR Ratings: Quality, Stability, and Declining Momentum
The <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> Grade for CSCO, which is in the <a href="https://stocknews.com/category/technology-communication-networking/">Technology - Communication/Networking</a> category, has been fluctuating moderately between May 2023 and November 2023. The grade ranged from A (Strong Buy), denoting high performance, to B (Buy), signaling above-average performance. At a glance, here are some key details:
<ul>
<li style="font-weight: 400;" aria-level="1">The POWR Grade started at B (Buy) in May 2023 and rose to an A (Strong Buy) on May 27, 2023.</li>
<li style="font-weight: 400;" aria-level="1">It maintained this grade of A (Strong Buy) till June 10, 2023, before decreasing to B (Buy) again on June 17, 2023.</li>
<li style="font-weight: 400;" aria-level="1">Throughout this period, the rank in its category varied, with its highest rank being #2 (June 3 and June 10) and the lowest being #7 (July 8).</li>
<li style="font-weight: 400;" aria-level="1">From July 22, 2023, to September 2, 2023, CSCO's rank in its category bounced between #5 and #4.</li>
<li style="font-weight: 400;" aria-level="1">Starting from September 2, 2023, and continuing until the latest date given in November 2023, CSCO consistently held a POWR grade of B (Buy).</li>
<li style="font-weight: 400;" aria-level="1">In this same period of September to November, its rank in the category improved and steadied, holding steady at #3 from September 16, 2023, onwards.</li>
</ul>
As of the latest data available from November 14, 2023, CSCO maintains a POWR Grade of B (Buy). Its rank in the Technology - Communication/Networking category is #3 out of 45.
Based on POWR Ratings for CSCO, the three most noteworthy dimensions are Quality, Stability, and Momentum. 
Quality
<ul>
<li style="font-weight: 400;" aria-level="1">In May 2023, the Quality rating was at its highest with a score of 99.</li>
<li style="font-weight: 400;" aria-level="1">This high rating remained consistent, maintaining a score of 99 from June to November 2023.</li>
</ul>
Stability
<ul>
<li style="font-weight: 400;" aria-level="1">The Stability rating has shown a steady upward trend. Starting at 85 in May 2023, the score incrementally increased month by month, reaching 89 by September 2023.</li>
<li style="font-weight: 400;" aria-level="1">This trend continued, maintaining a score of 89 through November 2023.</li>
</ul>
Momentum
<ul>
<li style="font-weight: 400;" aria-level="1">In May 2023, Momentum started at a stable value of 67.</li>
<li style="font-weight: 400;" aria-level="1">It experienced a clear decreasing trend over subsequent months, falling to 64 in June, 61 in July, 38 in August, 32 in September and continuing at the same level in October.</li>
<li style="font-weight: 400;" aria-level="1">By November 2023, the Momentum rating further decreased to a value of 30.</li>
</ul>
These ratings provide insight into CSCO's Quality and Stability while signaling a decrease in Momentum. Future decisions should take these ratings into consideration.
<img src="https://storage.googleapis.com/sjn-charts/visualized-metrics/1699959291.47847.png" />
How does Cisco Systems, Inc. (CSCO) Stack Up Against its Peers?
Other stocks in the <a href="https://stocknews.com/category/technology-communication-networking/">Technology - Communication/Networking</a> sector that may be worth considering are Ceragon Networks Ltd. (<a href="https://stocknews.com/stock/CRNT">CRNT</a>), Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT">GILT</a>), and Eutelsat Group (<a href="https://stocknews.com/stock/ETCMY/">ETCMY</a>) - they are also rated A (Strong Buy) or B (Buy) in our proprietary rating system. <a href="https://stocknews.com/category/technology-communication-networking/">Click here</a> to explore more Technology - Communication/Networking stocks.
What To Do Next?
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<hr />
CSCO shares were trading at $52.98 per share on Tuesday afternoon, up $0.75 (+1.44%). Year-to-date, CSCO has gained 14.62%, versus a 18.48% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/csco-splk-crnt-gilt-etcmy-cisco-systems-csco-earnings-spotlight-tech-stock-buy-or-sell/>Cisco Systems (CSCO) Earnings Spotlight: Tech Stock Buy or Sell?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Cisco Systems (CSCO) Earnings Spotlight: Tech Stock Buy or Sell?

BlackBerry (BB) will report its third-quarter results on December 20. Despite the promising prospects of its IoT and Cybersecurity business, concerns related to competition and deferred investments could impact revenues in the near term. Therefore, is the stock a buy or sell now? Let's discuss… BlackBerry Limited (<a href="https://stocknews.com/stock/BB/">BB</a>) will report its third-quarter (ended November 30, 2023) results on December 20, 2023. While the company's quarterly revenue is expected to increase over the prior-year quarter, its loss per share is expected to narrow.
In this piece, I have discussed why it could be prudent to avoid the stock now.
BB's revenue in the third quarter is expected to increase 7% year-over-year to $180.80 million. Its loss per share for the same quarter is expected to narrow 40% year-over-year to $0.02. Looking back, although BB beat analysts' EPS estimates in the last reported quarter, it failed to surpass the consensus revenue estimates.
Commenting on the second quarter, BB's Executive Chair and CEO, John Chen, said, "We expect a strong finish for IoT revenue this fiscal year, with the fourth quarter forecasted to be the strongest ever."
BB's third-quarter revenues are expected to be supported by the growing demand for its cybersecurity solutions. Its revenues are also likely to be bolstered by its IoT segment. Meanwhile, investors will be keenly following how the management intends to restructure costs and when the company expects its cash flow to break even.
On November 17, BB announced a long-term software and services agreement to strengthen Malaysia's cybersecurity posture. The deal will enable the Malaysian government to leverage the full suite of BB's cybersecurity solutions.
On October 11, BB announced that the United States Department of Homeland Security (DHS) awarded BB a new seven-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract for the creation and maintenance of its new Super Enterprise for Personnel Emergency Notification System (PENS).
RBC's Paul Treiber believes that BB's revenue could rebound in the third quarter, assuming the closure of the postponed Cybersecurity deals and the ramp-up in its IoT revenue. He said, "If slipped Cybersecurity deals do not close, or IoT does not ramp as expected, 3Q could fall short of our estimates and consensus."
RBC forecasts BB's third-quarter IoT revenue to <a href="https://www.marketwatch.com/story/blackberry-3q-loss-seen-narrowing-all-eyes-on-restructuring-plans-aad87c3a?mod=markets">rise 14% sequentially to $56 million</a>. Treiber said that with BB no longer considering an IPO of its IoT business, the company is likely to consider other alternative sources of financing.
BB's stock has declined 18.6% over the past six months and gained 27.3% year-to-date to close the last trading session at $4.15.
Here's what could influence BB's performance in the upcoming months:
Disappointing Financials
BB's revenue for the second quarter ended August 31, 2023, declined 21.4% year-over-year to $132 million. Its adjusted gross margin decreased 19.6% over the prior-year quarter to $86 million. The company's adjusted net loss narrowed 20.7% year-over-year to $23 million. Its adjusted EBITDA loss widened 37.5% year-over-year to $22 million.
Mixed Analyst Estimates
Analysts expect BB's EPS and revenue for fiscal 2024 to increase 111.1% and 35.3% year-over-year to $0.02 and $887.25 million, respectively. On the other hand, its EPS and revenue for fiscal 2025 are expected to decline 57.4% and 14.3% year-over-year to $0.01 and $760.10 million, respectively.
Mixed Valuation
In terms of forward non-GAAP P/E, BB's 246.73x is 916% higher than the 24.28x industry average. Likewise, its 2.74x forward EV/Sales is 4.5% higher than the 2.87x industry average. Additionally, its 76.04x forward EV/EBITDA is 389% higher than the 15.55x industry average.
On the other hand, in terms of forward Price/Sales, BB's 2.73x is 7.5% lower than the 2.95x industry average.
Weak Profitability
BB's trailing-12-month net income margin is negative 66.91% compared to the 2.35% industry average. Likewise, its trailing-12-month Return on Common Equity is negative 51.13% compared to the 1.13% industry average. Furthermore, the stock's 0.41x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 33.2% lower than the industry average of 0.62x.
Poor Historical Growth
BB's Tang Book Value has grown at a negative 39% CAGR over the past three years. Its revenue has grown at a negative 6.6% CAGR over the past three years. Its total assets have grown at a negative 20.2% CAGR during the same period.
POWR Ratings Reflect Bleak Prospects
BB has an overall D rating, equating to a Sell in our <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. BB has a D grade for Growth, which is in sync with its poor historical growth. Its weak profitability is consistent with its D grade for Quality.
BB is ranked #42 out of 46 stocks in the <a href="https://stocknews.com/category/technology-communication-networking/">Technology - Communication/Networking</a> industry. <a href="https://stocknews.com/stock/BB/">Click here</a> to access BB's Value, Momentum, Stability, and Sentiment ratings.
Bottom Line
Although BB's revenue is expected to rise during the third quarter owing to higher IoT and Cybersecurity revenues, IoT revenues could struggle to ramp up in the near future due to EV and software investment deferrals by several OEMs. Moreover, although the prospects of the cybersecurity industry look promising, the company faces intense competition from larger cybersecurity peers.
Therefore, given its disappointing financials, poor historical growth, and weak profitability, it could be wise to avoid the stock now.
Stocks to Consider Instead of BlackBerry Limited (BB)
The odds of BB outperforming in the weeks and months ahead are significantly compromised. However, there are many industry peers with impressive POWR Ratings. So, consider these three A (Strong Buy) and B-rated (Buy) stocks from the <a href="https://stocknews.com/category/technology-communication-networking/">Technology - Communication/Networking</a> industry instead:
Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>)
Ceragon Networks Ltd. (<a href="https://stocknews.com/stock/CRNT/">CRNT</a>)
Eutelsat Group (<a href="https://stocknews.com/stock/ETCMY/">ETCMY</a>)
What To Do Next?
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<hr />
BB shares were trading at $4.23 per share on Tuesday morning, up $0.08 (+1.93%). Year-to-date, BB has gained 29.75%, versus a 25.41% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Dipanjan Banchur</h2> <img src='https:/wp-content/uploads/2021/11/Dipanjan-Banchur_headshots_3.jpg' style="float:left; padding:5px;width:125px;">Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master's degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.<a href="https://stocknews.com/authors/?author=dipanjan-banchur">More...</a>The post <a href=https://stocknews.com/news/bb-gilt-crnt-etcmy-blackberry-bb-earnings-watch-is-this-a-tech-stock-buying/>BlackBerry (BB) Earnings Watch: Is This a Tech Stock Buying Opportunity?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

BlackBerry (BB) Earnings Watch: Is This a Tech Stock Buying Opportunity?

SES S.A.: Possibly The Cheapest Satellite/Telco And Best Satellite Play

Viasat: Possible Value Trap With Many Risks Ahead (Rating Upgrade)

Viasat: Possible Value Trap With Many Risks Ahead

Chicago-based Motorola Solutions (MSI) will release its fourth-quarter and full-year results on February 8. Given the strong demand for its products and solutions, the company has bolstered its revenue and earnings estimates for fiscal 2023. Therefore, should investors consider buying the stock now? Read on to learn my view… Motorola Solutions, Inc. (<a href="https://stocknews.com/stock/MSI/">MSI</a>) is scheduled to report fourth-quarter and full-year results on February 8. Wall Street expects MSI's revenue and EPS for the quarter to increase year-over-year. In this piece, I have discussed why it could be wise to wait for a better entry point in the stock despite the expected rise in its revenue and earnings.
For the fourth quarter, MSI's EPS and revenue are expected to increase 0.9% and 4.1% year-over-year to $3.63 and $2.82 billion, respectively. The company has a solid earnings history, having beaten the consensus estimate in each of the trailing four quarters.
Post its third quarter results, MSI's Chairman and CEO Greg Brown said, "Q3 was another strong quarter, with record third-quarter revenue, earnings and cash flow. Safety and security have never been more important, and we continue to see robust demand, which drove our record Q3 backlog. As a result, we're again raising our revenue and earnings expectations for the full year."
MSI's revenues in the fourth quarter are expected to be boosted by higher growth in the Products and Systems Integration and Services and Software segments. The company ended the third quarter with a record backlog of $14.30 billion, which is 6% or $764 million higher than the prior-year quarter.
Its Products and Systems Integration segment's backlog was up $62 million or 1%, driven by solid demand in North America. Similarly, the Software and Services segment backlog was up $702 million or 8%, driven by increases in multi-year software and services contracts in North America, partially offset by revenue recognition for the Airwave contract.
For the fourth quarter, the company forecasted revenue growth of approximately 4% over the prior-year quarter. Its non-GAAP EPS is expected to come between $3.60 and $3.65. For the full year 2023, its revenue is expected to now come between $9.930 billion and $9.945 billion, up from the previous guidance of $9.875 billion and $9.900 billion.
The company also revised its fiscal 2023 guidance for non-GAAP EPS from between $11.40 and $11.48 to between $11.65 and $11.70. On December 18, 2023, MSI announced the acquisition of IPVideo, the creator of the HALO Smart Sensor. The acquisition reinforces MSI's commitment to improving safety and security by offering a cost-effective sensor that is easy to deploy and operate for enterprises of all sizes.
MSI's executive VP and CTO Mahesh Saptharishi said, "With its powerful sensor capabilities, HALO extends our end-to-end physical security offering by integrating a non-video threat detection product into our safety and security ecosystem."
Also, during the fourth quarter, MSI unveiled the LTE-enabled V500 body camera, the latest addition to its mobile video portfolio that provides vital real-time field intelligence to emergency response. In addition, its board of directors announced an increase in its regular quarterly dividend by 11% to 98 cents per share, payable on January 12, 2024. The board also approved an increase of $2 billion to its existing share repurchase program.
Other developments during the quarter include the Essex County Fire and Rescue Service choosing MSI's command center technology, including Control Room Solution (CRS), for its call handling and emergency dispatch capabilities. Also, Japan's Narita International Airport expanded the reach and capacity of its mission-critical TETRA communications network with MSI's broadband push-to-talk communication service, WAVE PTX.
The company also notified that Arizona had selected Rave Alert to enable emergency notification and reverse 9-1-1 alerting in its 81 public safety answering points.
MSI's stock has gained 16.7% over the past six months and 26% over the past year to close the last trading session at $325.38.
Here's what you might want to consider ahead of its upcoming earnings release:
Robust Financials
MSI's net sales for the fiscal third quarter ended September 30, 2023, increased 7.7% year-over-year to $2.56 billion. Its net cash provided by operating activities rose 84% over the prior-year quarter to $714 million. The company's free cash flow increased 104.1% year-over-year to $649 million.
Its non-GAAP net earnings attributable to MSI increased 6.4% year-over-year to $547 million. Also, its non-GAAP EPS stood at $3.19, representing an increase of 6.3% year-over-year.
Favorable Analyst Estimates
Analysts expect MSI's EPS and revenue for fiscal 2023 to increase 13.1% and 9.2% year-over-year to $11.72 and $9.95 billion, respectively. Its fiscal 2024 EPS and revenue are expected to increase 8.2% and 5.7% year-over-year to $12.68 and $10.51 billion, respectively.
Stretched Valuation
In terms of forward non-GAAP P/E, MSI's 27.76x is 10.9% higher than the 25.05x industry average. Its 2.98x forward non-GAAP <a href="https://www.investopedia.com/terms/p/pegratio.asp">PEG</a> is 45.5% higher than the 2.05x industry average. Likewise, its 21.63x forward EV/EBIT is 6.6% higher than the 20.30x industry average.
High Profitability
In terms of the trailing-12-month EBITDA margin, MSI's 28.60% is 219.3% higher than the 8.96% industry average. Likewise, its 16.65x trailing-12-month levered FCF margin is 98.2% higher than the industry average of 8.40x. Also, its 24.74x trailing-12-month EBIT margin is 427.9% higher than the industry average of 4.69x.
POWR Ratings Reflect Uncertainty
MSI has an overall rating of C, equating to a Neutral in our <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. MSI has a D grade for Value, consistent with its stretched valuation. It has a B grade for Quality, in sync with its high profitability.
MSI's stock is trading below its 10-day moving average of $326.44 and above its 200-day moving average of $295.04, justifying its C grade for Momentum. Also, it has a C grade for Stability, consistent with its 0.93 beta.
MSI is ranked #13 out of 46 stocks in the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry. <a href="https://stocknews.com/stock/MSI/">Click here</a> to access MSI's Growth, Stability, and Sentiment ratings.
Bottom Line
MSI expects to end fiscal 2023 on a solid note as it has raised its revenue and earnings estimate for the entire year. The company is seeing strong demand for its mission-critical technologies. It is currently witnessing strong demand for land mobile radio (LMR), video security, and access control hardware.
Despite the solid developments, MSI trades at an expensive valuation. Moreover, given its mixed stability and momentum, it could be wise to wait for a better entry point in the stock.
How Does Motorola Solutions, Inc. (MSI) Stack Up Against Its Peers?
MSI has an overall POWR Rating of C, equating to a Neutral rating. You may check out these A and B-rated stocks within the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry: Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>), Ceragon Networks Ltd. (<a href="https://stocknews.com/stock/CRNT/">CRNT</a>), and Eutelsat Group (<a href="https://stocknews.com/stock/ETCMY/">ETCMY</a>). For exploring more Buy-rated Technology – Communication/Networking stocks, <a href="https://stocknews.com/category/technology-communication-networking/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
MSI shares were unchanged in premarket trading Wednesday. Year-to-date, MSI has gained 3.93%, versus a 4.24% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Dipanjan Banchur</h2> <img src='https:/wp-content/uploads/2021/11/Dipanjan-Banchur_headshots_3.jpg' style="float:left; padding:5px;width:125px;">Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a master's degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets.<a href="https://stocknews.com/authors/?author=dipanjan-banchur">More...</a>The post <a href=https://stocknews.com/news/msi-gilt-crnt-etcmy-motorola-solutions-msi-quarterly-earnings-what-to-watch-for/>Motorola Solutions (MSI) Quarterly Earnings: What to Watch For</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Latest News for Eutelsat Comms Stock (OTC:ETCMY)

Tuesday, July 26, 2022

Tuesday, December 03, 2019