Tech Five: Cisco dips off outlook
Shares of Cisco continue to slide off a weak outlook for the current quarter. Let's take a look at the tech stocks to watch Thursday:
Cisco. After sliding 2%, shares of Cisco are slowly climbing after the networking giant announced chief financial officer Frank Calderoni would step down at the end of the year. For the current quarter, Cisco said it would generate earnings between 50 and 52 cents per share, missing estimates.
Twitter. On Analyst Day, the social network unveiled plans for attracting more users and growing their business, including instant timelines to discover new feeds and improvements to private messaging.
Microsoft. The tech giant will acquire Israeli cybersecurity company Aorato for $200 million, reports the Wall Street Journal. Microsoft is expected to make an announcement Thursday.
Sony. The electronics company says it will start testing a new cloud TV service in New York called Vue. The service combines cable and network TV with a cloud-based DVR. It's expected to arrive in Philadelphia, Chicago, New York and Los Angeles in early 2015.
Google. The company's video service, YouTube, will launch a subscription music service next week. It will be available by invitation only.
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