The Zacks analyst believes that despite struggling with depressed demand stemming from the coronavirus pandemic, it has reiterated its commitment to its dividend on a number of occasions. ![]() Shares of Chevron have gained +11.8% in the past three months against the Zacks Integrated Oil industry’s gain of +8.2%. (You can read the full research report on Cisco here >) Further, weak demand for servers, remains a major concern. Nonetheless, weakness in the enterprise end markets and coronavirus crisis-led supply chain constraints, is likely to weigh on revenues, at least in the near term. Moreover, strong demand for Catalyst 9000 family of switches amid expected increase in enterprise IT spending, and recovery across Europe, Middle East and Africa (EMEA), is encouraging. The Zacks analyst believes that Cisco is well-positioned to benefit from robust adoption of identity and access, advanced threat and unified threat management security solutions amid high growth in Internet traffic. (You can read the full research report on Facebook here >)Ĭisco’s shares have gained +37.5% over the last six months against the Zacks Computer Networking industry’s gain of +36%. However, the company expects changes made by Apple in its iOS 14 platform to limit the latter’s ability to track user-activity trend. ![]() Meanwhile, advertising revenues were driven by a strong holiday shopping season for retail that benefited from the ongoing shift to online commerce.įacebook expects year-over-year growth rates in total revenues to remain stable or modestly accelerate on a sequential basis in the first and second quarters of 2021. Increased engagement for its products like Instagram, WhatsApp and Messenger is another major growth driver.
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