A number of stocks jumped in the afternoon session after markets rallied sharply on news that President Trump announced a 90-day tariff pause. Reciprocal tariffs were also dropped to 10% for most countries, sparking renewed optimism amid ongoing trade talks. The major stock indices rose as investors, growing impatient of seemingly irrational tariff actions, welcomed the pause as a sign of a more measured path forward.
Shares of networking technology giant Cisco (NASDAQ:CSCO) fell 6.6% in the afternoon session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.
Fortinet (NASDAQ:FTNT) is at risk of significant margin headwinds due to its heavy reliance on Taiwan for manufacturing, while competitors like Cisco and Palo Alto may be more insulated from the impact of the newly announced Liberation Day tariffs.
Let’s dig into the relative performance of Cisco (NASDAQ:CSCO) and its peers as we unravel the now-completed Q4 it services & other tech earnings season.
Ahead of the markets opening on Wednesday, Nokia also announced it struck a deal with India’s second largest telecom company, Bharti Airtel, to expand core network collaboration to speed up the launch of new 5G services.
While the Dow Jones represents industry leaders, not every stock in the index is a safe bet.
Some are facing headwinds like declining demand, rising costs, or disruptive new competitors.
CISCO SYSTEMS INC (NASDAQ:CSCO) Reveals Intriguing Technical Aspects. Indications Suggest NASDAQ:CSCO Could Be on the Verge of a Breakout. Here's What You Need to Know.
Cisco Systems, Inc. offers a complete line of routers and switching products that connect and manage communications among local and wide area computer networks employing a variety of protocols.
Based on the IPO price, the company will likely collect gross proceeds of $1.5 billion, giving it a valuation of about $19 billion based on the 473.48 million shares outstanding.
