Cisco Systems Market Insights & Growth Forecast

Cisco Systems saw a 6 % jump in its stock after reporting strong earnings and revenue for the fourth quarter . The company also issued a positive outlook for the future . Cisco 's adjusted earnings per share were 87 cents on a revenue of 3.64 billion , surpassing analyst expectations . Despite a decrease in revenue and earnings for the fiscal year , Cisco remains optimistic . The company also announced a 7 % reduction in its global workforce.

Ulta Beauty experienced a 12 % increase in its shares after Warren Buffett 's Berkshire Hathaway disclosed a new stake worth 66 million in the cosmetics company . Snowflake , however , saw a 1 % decrease in its shares after Berkshire Hathaway completely sold its stake in the company in the second quarter . Nike 's stock rose over 5 % following the revelation that Bill Ackman 's Pershing Square had acquired a new stake in the athletic apparel company . Lumentum Holdings also performed well , with shares surging nearly 14 % after beating fourth - quarter earnings and revenue expectations.

Market Domination Overtime hosts Josh Schafer and Julie Hyman discussed the market close , where stock market averages closed positively after the July Consumer Price Index report indicated easing inflation . Cisco Systems reported strong fourth - quarter results , surpassing Wall Street estimates in both earnings and revenue . The company 's fiscal 2025 guidance suggests a return to growth , which was well - received by analysts . Despite announcing job cuts , analysts remain positive about Cisco 's focus on profitability.

July 's Consumer Price Index report showed a 0.4 % increase in the cost of shelter and a significant surge in mortgage applications . Investor Bill Ackman 's Pershing Square Capital Management acquired a new stake in Nike , leading to a rally in the athletic apparel company 's shares . Looking ahead , Walmart earnings and updates on mortgage rates will be key factors to watch for on Thursday , August 15 . Overall , the market continues to show resilience and positive growth potential for the companies mentioned in the news articles.