How To YieldBoost HPQ From 2.5% To 7.1% Wednesday, May 22, 2:29 PM ET, by Market News Video Staff Shareholders of Hewlett-Packard Co (HPQ) looking to boost their income beyond the stock's 2.5% annualized ...
Cisco (NASDAQ:CSCO) shares are plummeting today following the company’s disappointing outlook for the fourth quarter.
Cisco posted an 8% increase in profits for Q3, but its forecast for 3-5% sales growth for the fourth quarter is less than analysts expected.
Several analysts downgraded the stock Thursday morning, including Deutsche Bank (NYSE:DB) and Wunderlich Securities, which both downgraded Cisco from buy to hold, and William Blair, which cut the rating from outperform to market perform.
Cisco shares are trading lower by more than 16% in pre-market trading.
The tech giant is the fourth-largest holdings of the Internet Architecture HOLDRS (IAH), at 11.11% of the total portfolio. IBM (NYSE:IBM) is the top holding in that fund, at 33.78% of the total, followed by Apple (NASDAQ:AAPL) at 22.55%, Hewlett-Packard (NYSE:HPQ) at 17.55% of the fund and EMC (NYSE:EMC) at 6.19%.
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