It has an expense ratio of 0.60% and trades in a meager volume of about 1000 shares per day on average. Pacer Data and Digital Revolution ETF has accumulated $5.2 million in its asset base. Out of these, Cisco is the third firm, accounting for a 5.6% share. It follows the Pacer Data Transmission and Communication Revolution Index, holding 80 stocks in its basket. Pacer Data and Digital Revolution ETF aims to offer investors exposure to the globally listed stocks and depositary receipts of data and digital revolution companies. Pacer Data and Digital Revolution ETF (TRFK) It trades in an average daily volume of 100 shares. Next Value ETF has accumulated $4.6 million in its asset base and charges 75 bps in annual fees. It holds 100 stocks in its basket, with FedEx occupying the second position at 7%. Next Value ETF is an actively managed ETF that seeks capital appreciation by utilizing a value investing strategy enhanced by the use of artificial intelligence. IGN charges 41 bps in annual fees and carries a Zacks ETF Rank #3 with a High risk outlook (see: all the Technology ETFs here). IShares North American Tech-Multimedia Networking ETF has accumulated $45.5 million in its asset base and sees a good volume of around 3,000 shares a day. iShares North American Tech-Multimedia Networking ETF has 22 securities in its basket, with Cisco taking the fifth spot, holding an 8.7% allocation. IShares North American Tech-Multimedia Networking ETF provides exposure to telecom equipment, data networking and wireless equipment companies by tracking the S&P North American Technology-Multimedia Networking Index. IShares North American Tech-Multimedia Networking ETF (IGN)

IYZ charges 40 bps in annual fees and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook (read: Assessing Telecomm ETFs Amid Q3 Earnings). Telecommunications ETF has AUM of $245.3 million and trades in an average daily volume of 326,000 shares. Cisco takes the top position at 17.9% of the assets. It follows the Russell 1000 Telecommunications RIC 22.5/45 Capped Index, holding 20 stocks in its basket. companies that provide telephone and Internet products, services and technologies. Telecommunications ETF offers exposure to U.S. The company nevertheless expects to see demand return in the second half of the year. For fiscal second-quarter 2024, Cisco expects revenues in the range of $12.6-$12.8 billion and earnings of 82-84 cents per share. The company believes that customers are currently focused on installing and implementing products in their environments following exceptionally strong product delivery over the past three quarters (read: ETFs in Focus as Cisco Acquires Splunk in $28 Billion AI-Deal).Īs such, the networking giant lowered fiscal 2024 revenue guidance from $57-$58.2 billion to $53.8-$55.00 billion and earnings per share guidance from $4.01-$4.08 to $3.87-$3.93.

However, a slowdown in new product orders for networking hardware is taking a toll on the company’s growth prospects. Revenues grew 8% year over year to $14.7 billion and edged past the consensus mark of $14.6 billion.Ĭisco had a solid start to fiscal 2024 with the strongest Q1 results in its history in terms of revenues and profitability. Cisco Earnings in DetailĮarnings of $1.11 per share outpaced the Zacks Consensus Estimate of $1.03 and improved 29% from the year-ago earnings. Next Value ETF NVQ, Pacer Data and Digital Revolution ETF TRFK and First Trust Nasdaq Cybersecurity ETF CIBR.

Telecommunications ETF IYZ, iShares North American Tech-Multimedia Networking ETF IGN, Qraft AI-Enhanced U.S. Therefore, investors should keep a close eye on them in the coming weeks. The weak trading might be reflected in the ETFs with the largest allocation to this networking giant. In pre-market trading, the stock is down 11.5% at the time of writing. Tech prime Cisco Systems CSCO beat first-quarter fiscal 2024 estimates on both counts but cut its revenue and earnings outlook for the fiscal year, which pulled down the stock price.ĬSCO shares tumbled as much as 16% before recovering somewhat to an 11% decline in after-market hours.

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