Lenovo reports a smaller-than-expected profit decline as personal computer demand shows signs of recovery from post-Covid weakness. Cisco lowers annual forecasts due to a slowdown in new orders, grappling with supply chain issues and a post-pandemic demand slowdown. Cisco's product orders declined 20% year over year, leading to a 12% stock fall. Lenovo CEO sees 'signs of recovery' in the PC and server markets, betting on a growing portfolio of AI-capable products. Lenovo's plan to release AI PC in 2024 leads to a 14.6% target price raise by Goldman. Cisco's orders soared after Covid but is now dealing with the fallout, as customers and partners focus on product implementation, leading to a plunge in stock price.
Cisco Orders Soared After Covid. Now The Company Is Dealing With the Fallout. https://t.co/4AlEbEreRt
World's largest PC maker #Lenovo hit highest since Apr 2021 in HK after announcing plan to release AI PC in 2024, Goldman raised target price by 14.6% https://t.co/haGgRmRP6L https://t.co/8YOhaKUiVl
Cisco Tumbles Most in 18 Months on Weaker Sales Forecast https://t.co/cgLDO0htgo via @business 🔻 $CSCO -9.83% https://t.co/9l6IAFn4SG
Lenovo CEO Yuanqing Yang said the Chinese IT giant is seeing “signs of recovery” in the PC and server markets as the company bets future growth on a growing portfolio of products with AI capabilities: https://t.co/55FL9ArPB9 @DylanOnChips has the details.
Cisco slumps after cutting annual profit, revenue forecasts https://t.co/kkTCEBJlUP https://t.co/fYDGz42ev0
Cisco stock falls 12% on company's weak guidance https://t.co/jG2IRWxNLN
Cisco stock falls 12% on company's weak guidance https://t.co/Tj4zWedvDi
Cisco CEO: Product Orders Down As Customers, Partners Focus on Implementation: https://t.co/t6qWkHt96W Fiscal Q1 2024 marked the strongest Q1 results in Cisco’s history in terms of revenue and profitability, but at the same time, its product orders declined 20% year over year.
$CSCO (-9.8% pre) Cisco stock plunges on light guidance after product order slowdown - CNBC https://t.co/i6oahFYkc7
Lenovo sees signs of recovery in PC market and tech sector https://t.co/PVB9sSh4pR
Lenovo sees signs of recovery in PC market and tech sector https://t.co/TQT2yhfqMM
Cisco tumbles after slashing profit, sales outlook amid slowing orders, client backlog https://t.co/VzwYFAR8VN
Cisco has a new problem: you take too long to implement its products and stop buying more kit https://t.co/F7mmOb1c5w
Lenovo reports a smaller-than-expected profit decline after personal computer demand showed signs of recovering from a bout of post-Covid weakness https://t.co/kp4NVXmEwF
Lenovo reports a smaller-than-expected profit decline after personal computer demand showed signs of recovering from a bout of post-Covid weakness https://t.co/5KMHTQrr12
Cisco lowers annual forecasts on slowdown in new orders https://t.co/FWcsMH5pe9 https://t.co/lMugi6nU6l
.@Cisco lowers annual forecasts on slowdown in new orders The company has in recent years grappled with supply chain issues and a post-pandemic slowdown in demand, which has hastened its push into software offerings like #cybersecurity. https://t.co/aZJPrEllqX