Month: August 2018

A Colorado baker who refused to make a wedding cake for a gay couple on religious grounds — a stance partially upheld by the U.S. Supreme Court — has sued the state over its opposition to his refusal to bake a cake celebrating a gender transition, his attorneys said Wednesday. Jack Phillips, owner of the Masterpiece Cakeshop in suburban Denver, claimed that Colorado officials are on a “crusade to crush” him and force him into mediation over the gender transition cake because of his religious beliefs, according to a federal lawsuit filed Tuesday. Phillips is seeking to overturn …read more […]

Cisco, like other legacy technology companies, has been launching new products focused on high-growth areas such as cyber security and Internet of Things to cushion sluggish demand in its traditional routers and switches business. “We’re seeing the returns on the investments we are making in innovation and driving the shift to more software and subscriptions,” Chief Financial Officer Kelly Kramer told analysts on a post-earnings call. Subscriptions, which provide a more steady revenue stream, represented 56 percent of total software revenue in the reported quarter, the company said. …read more […]

Todd Gordon, TradingAnalysis.com founder, discusses his outlook on three tech stocks. …read more […]

Cisco (CSCO) delivered earnings and revenue surprises of 1.45% and 0.59%, respectively, for the quarter ended July 2018. Do the numbers hold clues to what lies ahead for the stock? …read more […]

A fakeout breakout above S&P 2850 has given way to wider selling that will persist into September. …read more […]

Shares of Macy’s (M) were down nearly 14% in afternoon trading Wednesday after the department store giant’s second-quarter revenue fell short of expectations. Wall Street’s attention will now shift to its industry rivals, Nordstrom (JWN) and J.C. Penney (JCP), which are both due to post their latest quarterly earnings reports tomorrow. …read more […]

On a per-share basis, the San Jose, California-based company said it had net income of 81 cents. Earnings, adjusted for one-time gains and costs, were 70 cents per share. The results surpassed Wall Street … …read more […]

The Sunnyvale, California-based company said it had profit of $1.05 per share. Earnings, adjusted for non-recurring gains, came to $1.04 per share. The results topped Wall Street expectations. The average … …read more […]