Peak S&P 500 P/E Multiple? [zero hedge]
Cisco Systems, Inc. (CSCO)
Last cisco systems, inc. earnings: 2/12 04:05 pm
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US:NASDAQ Investor Relations:
investor.cisco.com/investor-relations/overview/default.aspx
Company Research
Source: zero hedge
Authored by Kevin Muir via The Macro Tourist blog,Let’s talk earnings for a bit. Specifically, how the 2017 tax cut affected S&P 500 earnings.We all know the story.America’s corporate tax rate was uncompetitive and created distortions in the economy that prevented companies from investing in the U.S. The Tax Cuts and Jobs Act of 2017 was designed to level the playing field and in the process, create all sorts of high-paying jobs. The Federal corporate tax rate was slashed from 35% to 21%.There can be no doubt the effects were immediately felt in the corporate sector.One-year forward earnings-per-share estimates for the S&P 500 jumped from 145 to 160 almost overnight. Investors applauded Trump’s policies with gusto.Stock market traders especially fell all over themselves with jubilation about the tax cuts. No one wanted to write any pink tickets before year-end. And even when the calendar year turned over, the wall of buying just kept coming. January turned into an absurd food fight as
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CSCO
News
- Cisco Systems (CSCO) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Pope to bring his call for ethical artificial intelligence to G7 summit in June in southern Italy [FOX News]FOX News
- Why Cisco Systems (CSCO) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- Juniper misses revenue estimates on weak networking gear demand [Yahoo! Finance]Yahoo! Finance
- Clear Digital Wins 12 ADDY Awards from the American Advertising Federation of Silicon Valley [Yahoo! Finance]Yahoo! Finance
CSCO
Earnings
- 2/14/24 - Beat
CSCO
Sec Filings
- 4/5/24 - Form 13F-HR
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- CSCO's page on the SEC website