Wednesday, May 14, 2025
Markets were mixed modestly in an overall uneventful trading day. (
“Uneventful trading day”
: it felt like a fresh breeze.) The Dow was down -60 points for the session, -0.14%, while the S&P 500 gained a mere +4 points, +0.07%. The tech-heavy Nasdaq kept its strong rally alive today, gaining +112 points or +0.59%, while the small-cap Russell 2000 dropped -15 points on the day, -0.74%.
Bond yields have been creeping up for most of the past two weeks or so. The 10-year currently sits at +4.54% and the 2-year is back over +4% to +4.06%. These two barometers of economic health have risen from +4.06% and +3.62%, respectively, we saw from these levels just two weeks ago.
Earnings Results After the Closing Bell
Cisco Systems
CSCO kept its modest, routine and consistent earnings beats intact this afternoon after the close, with share of 96 cents per share beating expectations by a nickel. Revenues of $14.1 billion barely surpassed the expected $14.06 billion analysts were waiting for. Both next-quarter and full-year guidance was mildly raised in the company’s press release today. Shares are up +3.8% on the news in late trading.
Cisco’s Splunk acquisition, completed in March last year, added a healthy dollop of growth for the tech behemoth. Including the data pattern diagnostics provider, product growth for Cisco overall was +20%, but just +9% without Splunk. This acquisition was made for $28 billion in all cash, and now looks to be paying off. (You can see the full Zacks Earnings Calendar here.)
AI development provider
CoreWeave
CRWV is also out with earnings estimates — for Q1, in this case — with a widely off-the mark -$1.40 per share from -$0.18 expected on $981.63 million in revenues, which far surpassed the $850.38 million in the Zacks consensus. Such is life for newly formed publicly traded companies; CoreWeave had its IPO earlier this year. The company will provide forward guidance on the conference call.
What to Expect from the Stock Market Tomorrow
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Walmart Inc. (WMT) : Free Stock Analysis Report
Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report
Birkenstock Holding PLC (BIRK) : Free Stock Analysis Report
CoreWeave Inc. (CRWV) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research