Cisco to Cut Thousands of Workers After Sales Growth Stalls [BNN Bloomberg (Canada)]
Splunk Inc. (SPLK)
Last splunk inc. earnings: 3/4 04:02 pm
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Source: BNN Bloomberg
A restructuring plan will affect roughly 5% of Cisco's workforce, the company said Wednesday. It had almost 85,000 employees as of last year, suggesting that the move will involve approximately 4,000 jobs. The restructuring will bring expenses of about $500 million, Cisco said. Sales will be $12.1 billion to $12.3 billion in the fiscal third quarter, which ends in April, the company also announced Wednesday. That compares with an average analyst estimate of $13.1 billion. Excluding certain items, profit will be 84 cents to 86 cents a share, versus a prediction of 92 cents. The news jarred investors, sending the stock down as much as 6.7% in late trading. Cisco shares, little changed so far in 2024, had closed at $50.28 in New York. The company has said that it's been hit by a temporary “pause” in orders from customers who are busy installing equipment they've already acquired. The forecast adds to concern that businesses are reining in tech spending. Chief Executive Officer C
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SPLK
News
- Splunk Inc. (NASDAQ: SPLK) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Splunk Inc. (NASDAQ: SPLK) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Splunk Inc. (NASDAQ: SPLK) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Splunk Inc. (NASDAQ: SPLK) was upgraded by analysts at TheStreet from a "c" rating to a "b" rating.MarketBeat
- Splunk (SPLK) Beats Q4 Earnings Estimates on Solid Revenues [Yahoo! Finance]Yahoo! Finance
SPLK
Earnings
- 2/27/24 - Beat
SPLK
Analyst Actions
- 2/28/24 - TheStreet
SPLK
Sec Filings
- 3/18/24 - Form POS
- 3/18/24 - Form S-8
- 3/18/24 - Form S-8
- SPLK's page on the SEC website