Cisco shares fall on earnings as July producer prices run mostly cooler
NEW YORK, Aug. 13. Cisco Systems shares fell after the company reported quarterly earnings Thursday, while data showed the July producer price index came in mostly cooler than expected. CNBC's Jim Cramer listed both among the top 10 market developments to watch for the session.
Key takeaways
- Cisco Systems shares fell after the company reported quarterly earnings on Thursday, Aug. 13.
- The July producer price index came in mostly cooler than expected, according to data released Thursday.
- CNBC's Jim Cramer included both Cisco's earnings and the July PPI reading on his daily list of the top 10 market developments to watch.
- Cisco supplies routers, switches, and enterprise security software to business and government customers.
- The PPI tracks prices received by domestic producers before goods and services reach consumers.
NEW YORK, Aug. 13. Cisco Systems shares fell after the company reported quarterly earnings Thursday, while data showed the July producer price index came in mostly cooler than expected. CNBC's Jim Cramer listed both among the top 10 market developments to watch for the session.
Cisco results weigh on shares
Cisco disclosed earnings Thursday. Shares fell following the release, and Cramer included the networking company's results on his daily list of ten market items he considers most significant to the trading session. Cisco supplies routers, switches, and enterprise security software to businesses and government customers.
July PPI mostly cooler than expected
July's producer price index came in mostly cooler than expected, data released Thursday showed. The PPI tracks prices received by domestic producers before goods and services reach consumers. Producer prices for goods offer an early signal on commodity cost pressure moving through the supply chain.
Cramer included the July PPI reading alongside Cisco's earnings on his Thursday watchlist.
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