Business / Investing
Add as a preferred source on GoogleThe earnings call was scheduled for 4:30 p.m. ET. Morgan Stanley had lowered its rating ahead of the report.
Cisco's investor-relations calendar listed its fiscal first-quarter 2027 results for after U.S. markets closed Thursday, Nov. 12. A conference call was scheduled for 4:30 p.m. ET that day.
Morgan Stanley lowered its rating on Cisco to Equal-Weight from Overweight on Nov. 5, citing concerns as the planned report approached, EconoTimes previously reported.
The bank considers the decline in AI shares excessive and expects major cloud companies to largely maintain their spending plans.
Total contract value fell about 13.5% from the second quarter. Palantir forecast fourth-quarter revenue of $2.649 billion to $2.653 billion.
Revenue advanced 3.7% on an organic, trading-day-adjusted basis; the group also plans to reorganize its operations from Jan. 1, 2027.
