Sales rose 7% year over year to $13.6 billion. The company’s core networking business led the way. Management noted strength in wireless but weakness in collaboration and security software due to pullbacks in spending. Cisco’s terrific guidance for the rest of the year reflects an improving supply environment and durably strong demand. It’s looking for new products to boost its international expansion, and while streaming hours improved year over year, platform revenue is down. Morningstar anticipates platform revenue growth to drop in 2023 due to the weak ad market. Morningstar maintains its $65 estimate of what it thinks Roku’s shares are worth.Ĭisco Systems’ Core Networking Business Leads the WayĬisco Systems CSCO reported a superb fiscal second quarter. The quarter was one of the company’s strongest since the fourth quarter of 2020, which got a boost from the pandemic. Management expects first-quarter revenue to dip a bit versus the first quarter of 2022-and predicts positive adjusted cash flow before paying interest and taxes in 2024. Roku is still likely to lose money for a second straight year in 2023. It reported higher fourth-quarter revenue than expected. A rush of new active accounts helped the streaming device company bring in $867 million in revenue. Roku ROKU ended a challenging 2022 on a positive note.

Morningstar is sticking with its $52 estimate of what the stock is worth and views shares as undervalued. The company’s category management and e-commerce efforts also were successful, and Kraft Heinz found $450 million in savings in fiscal year 2022.

CEO Miguel Patricio stayed laser focused on cost-cutting and investing in the food and beverage giant’s brands-and as a result, sales sit 6% above 2019′s fourth quarter. The company shook off inflationary pressure and supply chain disruptions to post organic sales growth of more than 10%. Kraft Heinz Shares Are a BargainĬorny puns aside, Kraft Heinz’s KHC fourth-quarter earnings report highlights why investors should add it to their shopping list.

Let’s get started with a look at your Morningstar headlines. How will this affect the fund market? Which retirement account should you fund first-your IRA or your 401(k)? Inflation can’t “ketchup” with Kraft Heinz sales for the fourth quarter. Ruth Saldanha: Vanguard’s hybrid ETF/mutual fund patent is expiring this year.

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