|Bid||56.08 x 1800|
|Ask||56.08 x 800|
|Day's range||55.93 - 56.31|
|52-week range||39.71 - 57.84|
|Beta (5Y monthly)||0.86|
|PE ratio (TTM)||18.22|
|Earnings date||09 Sep 2020 - 14 Sep 2020|
|Forward dividend & yield||0.96 (1.71%)|
|Ex-dividend date||14 Jul 2020|
|1y target est||54.10|
Cisco Systems (NASDAQ: CSCO) and Oracle (NYSE: ORCL) were once dominant Silicon Valley tech titans, but the advent of cloud computing transformed the IT industry and changed the fortunes of both companies. As cloud computing allowed businesses to outsource much of their IT infrastructure to third parties, the demand for Cisco and Oracle's on-premises solutions declined. Now the global coronavirus pandemic is injecting new uncertainty.
In recent years, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett has taken a lot of flak for his investment style. More specifically, Buffett's unwillingness to chase after innovative tech stocks has left his company to underperform the benchmark S&P 500. Since 1965, Berkshire Hathaway's per-share market value has risen by 2,744,062%.
(Bloomberg Opinion) -- Sudan’s government calls itself transitional, but what it is attempting is transformational. In the latest raft of reforms announced earlier this month, it abolished a law against apostasy, ended punishment by flogging, criminalized female genital mutilation, dropped rules requiring women to get a permit from a male family member to travel with their children — and loosened prohibitions on the sale and consumption of alcohol.Last week, the government also began the final phase of peace talks with rebels that could see the latter join the administration.Still a month short of its first anniversary, the government — headed by a council of civilian and military representatives, and led by Prime Minister Abdalla Hamdok, a former United Nations economist — seems determined to dismantle, without delay, the poisonous legacy of the ousted former dictator Omar al-Bashir. Sudanese activists and international rights groups are cheering it on.It is also being encouraged by the Trump administration, which has upgraded diplomatic ties. After a gap of more than two decades, Washington now has a Sudanese ambassador. Secretary of State Mike Pompeo has said the U.S. will appoint an ambassador to Khartoum.But the U.S. continues to hold out on the gesture that would mean the most to the transitional government: removing Sudan from the State Department’s list of countries that sponsor terrorism. The designation, which it shares with Iran, North Korea and Syria, restricts the country’s access to aid, investment and remittances.As I wrote last year, shortly after Hamdok’s appointment, Sudan doesn’t belong on that list. Indeed, many in the national security establishment in Washington argue that it should have been dropped years ago. For all his tyranny, even Bashir had long been cooperating with American counterterrorism efforts. The Trump administration acknowledged this in 2017, when it removed most U.S. sanctions on Sudan.And yet, the U.S. remains reluctant to take the final step, even though the transitional government has repeatedly demonstrated its eagerness to curry Washington’s favor. Pompeo’s explanation, that “we always measure twice and cut once before we remove someone from a list like that,” is vague at best.There are other voices in Washington counseling caution. Keeping Sudan on the list, they say, gives the U.S. leverage over the military, to ensure that it doesn’t undermine the democratizing process. Better to save delisting as the final reward, for an elected government after the three-year transition has been completed.The risk of recidivism exists, of course. Witness a violent mutiny by members of the intelligence services in January. In March, Hamdok escaped an assassination attempt. Although the government has been able to imprison Bashir and some of his closest lieutenants — they face trial for genocide and other war crimes at the International Criminal Court — other dangerous figures in fatigues still wield considerable power in Khartoum. Mohamed Hamdan “Hemedti,” leader of the infamous Janjaweed militias blamed for the genocide in Darfur, now runs the Rapid Support Forces, and portrays himself as a hero in the country’s fight against the coronavirus.But to imagine that keeping Sudan on the terrorism-sponsors list will ward off counter-revolutionary forces is to greatly exaggerate American leverage — and to underestimate the protest movement that brought down Bashir. The protesters maintain a sharp-eyed vigilance on the military, and despite the pandemic, have kept up pressure on the government to stay the course on reforms.Certainly, they could use international help to keep the government honest. To prevent backsliding in Khartoum, the U.S. has plenty of carrots and sticks it can use.Smoothing the way for investment and aid, for instance, would allow Hamdok to rebuild Sudan’s economy, which was decrepit even before the pandemic. Some investors, having taken their own measure of Africa’s third-largest country, are not waiting on a formal delisting. American companies ranging from Visa Inc and Oracle to Yum! Brands (which owns Kentucky Fried Chicken and Pizza Hut) have announced partnerships in Sudan. International donors last month pledged $2 billion in aid. Many more would undoubtedly be emboldened to follow if the terrorism-sponsorship designation were removed. And success on the economic front would do much to legitimize civilian rule.Moreover, the threat of sanctions should suffice as a disincentive. After all, for those who need reminding, being taken off the list of terrorism sponsors is not a permanent condition: North Korea was delisted in 2008, and subsequently relisted by the Trump administration.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Bobby Ghosh is a Bloomberg Opinion columnist. He writes on foreign affairs, with a special focus on the Middle East and the wider Islamic world.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.