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June 7th - A new Israeli study shows that B cells with "immune memory" against tumor cells exist long-term in ovarian cancer patients. When encountering invading tumor cells again, these cells can quickly deploy targeted "defense weapons," namely, producing effective antibodies that can specifically bind to tumor cells. This discovery provides new insights for developing cancer immunotherapy and preventing cancer recurrence.According to the Financial Times, OpenAI is preparing for the biggest overhaul of ChatGPT since its launch. The company plans to transform ChatGPT into a "super app" that combines coding tools and AI agents, and add products that executives believe will generate more revenue.June 7th - Yesterday (June 6th), the worlds first prefabricated computing center base was officially put into use in Qingdao, Shandong. Compared to traditional computing centers, it saves nearly 70% of the construction time, providing a more efficient and lower-carbon solution for current computing infrastructure construction. Simply put, the computing center base is the energy hub and power fortress of the computing center, also known as the "heart" of the center, providing a continuous and stable power supply. The stability of the bases power supply and its energy efficiency directly affect the overall working capacity of the computing center.June 7th - The price of household liquefied petroleum gas (LPG) in Delhi, India, has increased by 29 rupees per can (approximately US$0.3054). According to the website of Indian Oil Corporation, Indias largest state-owned refiner and fuel retailer, the company has raised the price of a 14.2 kg can of household LPG in Delhi from 913 rupees to 942 rupees, effective June 7th. Indias three major state-owned fuel retailers typically adjust fuel retail prices in tandem.On June 7th, AstraZeneca CEO Robert Soriot warned that, given the terms of its agreement with the Trump administration to reduce drug costs for US patients, the pharmaceutical giant may be forced to suspend the launch of new drugs in the UK and Europe if it cannot secure higher drug prices. Soriot stated that European countries must increase investment in innovative drugs, otherwise the Anglo-Swiss joint venture will have no choice but to focus almost entirely on the US market, as nearly half of its revenue comes from the US.

Cisco Systems Rallies Nearly 5.0% on Strong Earnings in After-hours Trade; Dow Futures Barely Budge

Skylar Shaw

Aug 18, 2022 14:50

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Cisco exceeds expectations for top and bottom line earnings growth and offers a positive outlook

Following the release of better than anticipated top and bottom line earnings results for the fourth quarter of the 2021/2022 fiscal year (FY) and an optimistic outlook for earnings growth during the following fiscal year, Cisco System's share price increased during after-market trading hours on Wednesday. CSCO stock was recently trading just under $49.0, up about 5.0% from Wednesday's closing price of $46.66.


In the last quarter of its most recent fiscal year, Cisco posted adjusted non-GAAP profits per share (EPS) of $0.83, which was slightly higher than the $0.82 per share estimate provided by analysts. The technology company's Q4 revenue, however, came in at $13.1 billion, exceeding analyst consensus expectations of $12.73 billion.


We achieved a solid close to our fiscal year owing to our Q4 success, according to Cisco CEO Chuck Robbins. The company's greatest full-year non-GAAP profits per share ever were achieved thanks to "our teams' excellent execution in the middle of a very challenging environment," he said.


In the next fiscal year, Cisco forecasted revenue growth of between 4 and 6 percent and an EPS of $3.49 to $3.56 per share, up from the $3.36 per share recorded in the prior fiscal year. Cisco's forecast for revenue is therefore more upbeat than analysts' expectations, with the analysts' consensus calling for earnings growth of 2.2% in the coming fiscal year.


Dow Futures Ignore Gains in CSCO Shares Futures that track the price of the Dow Jones Industrial Average index, which includes Cisco at a percentage of about 1.0%, were unchanged in after-hours trading near the 34,000 level after falling 0.5% on Wednesday as investors processed data revealing robust core US retail sales growth in July and slightly dovish-leaning Fed minutes from its July meeting.


Despite a 5.0% after-hours gain, CSCO shares are still down nearly 23% for the year, but they are up about 18% from previous yearly lows of around $41 per share. With inflation having risen this year and major central banks like the Fed being compelled to rapidly hike interest rates, the company's share price has been caught up in a larger US equities market collapse.

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