Diamonds and Dogs


Coinbase (COIN) jumps on an upgrade ahead of earnings tonight. The company that provides transactions for digital currencies received an upgrade saying the price appreciation of Bitcoin and the new ETFs that track the currency should provide improved activity levels and earnings power for Coinbase. Coinbase also serves as a custodian for eight of the newly-issued spot bitcoin ETFs,

Cisco Systems (CSCO) is down 2% following better than expected earnings, but sales that missed guidance. Sales actually fell 5.9% to $12.79 billion. Cisco then provided downside guidance and job cuts for 5% of their workforce. One analyst said the recovery for Cisco could be a long road with only single digit growth in the short term.

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