(Reuters) - Cisco ( CSCO ) will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said. The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco ( CSCO )...

10:51 AM EDT, 08/09/2024 (MT Newswires) -- Cisco Systems ( CSCO ) fiscal Q4 earnings per share will slightly exceed consensus due to recent resets and Splunk synergies but significant stock movement will only result from top line beats in greater size, likely in a couple of quarters, Morgan Stanley said in an earnings preview on Friday. The networking environment...

10:59 AM EDT, 08/09/2024 (MT Newswires) -- American Axle & Manufacturing Holdings ( AXL ) shares were up nearly 8% in recent Friday trading after the company posted better-than-expected Q2 results. The company reported Q2 adjusted earnings Friday of $0.19 per share, up from $0.12 a year earlier. Analysts polled by Capital IQ expected $0.11. Net sales for the quarter...

10:45 AM EDT, 08/09/2024 (MT Newswires) -- RBC has raised its target on MDA Space ( MDALF ) to $18 (from $16) after the company reported a 24% increase in second quarter revenue to $242 million, beating consensus estimates by ~10%. The Robotics & Space Operations segment led the growth (up 33%) followed by Satellite Systems (up 22%) and then...