The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0947 ET - Cisco, which logged a beat-and-raise in its latest quarter, "is executing really well in the Networking segment," Melius analysts say in a note, boosted by demand for artificial-intelligence products. This strength is offsetting slowness in its security offerings, the analysts add. "We think this networking momentum can continue as this space has a clear secular tailwind, and Cisco executes a product refresh while gaining relevance in Sovereign AI," they write. Melius maintains its buy rating and raises its price target to $100 from $84. Cisco climbs 4% in early trading. (connor.hart@wsj.com)

0915 ET - Continued strength across Disney's streaming business is offsetting its fast-shrinking linear TV business. Moving forward, the company plans to roll out a more unified app for its streaming platforms, which include Disney+ and Hulu. Streamlining its entertainment content within a single app in the U.S. will simplify the user experience, highlight the full value of the company's streaming bundles and unlock global marketing efforts, CEO Bob Iger says on a call with analysts. "We're also expanding our international reach by investing strategically in our own originals and working with local studios to license content that brings more high quality local storytelling to the platform," Iger says. Shares fall 6.1%. (connor.hart@wsj.com)

0828 ET - Delivery Hero is likely to prioritize long-term growth over short-term profitability, RBC Capital Markets analyst Wassachon Fon Udomsilpa writes in a note. This strategy should strengthen the German food-delivery company's market leadership and support top-line expansion, particularly in South Korea. As a result, the Canadian bank forecasts full-year annual gross merchandise value growth of 3% on a reported basis, compared with consensus of 4%, and revenue growth of around 17%. The bank estimates adjusted Ebitda of 925 million euros, within the company's guided range of 900 million euros to 940 million euros. However, RBC has lowered its mid-term Ebitda projections, citing expectations of continued reinvestment--especially in South Korea and Saudi Arabia--among other factors. Shares are up 6.7% at 19.70 euros. (najat.kantouar@wsj.com)

0805 ET - Disney's "Experiences" unit, which includes its theme parks and cruises, accounted for more than half of the company's profit last quarter. The company's international theme parks, most notably Disneyland Paris, posted higher attendance and increased guest spending, helping drive a year-over-year increase in operating income. The cruise-line business benefited from an increase in passenger cruise days, though the gain was partially offset by fleet expansion costs as the company builds new ships. Disney slips 4% premarket. (connor.hart@wsj.com)

0802 ET - Disney's box office revenue dropped during the recent quarter. The studio's highest grossing film this quarter, Marvel's "The Fantastic Four: First Steps," has raked in roughly $520 million worldwide, according to box office reporting service Box Office Mojo. That's far below the $1.34 billion that "Deadpool & Wolverine" grossed during last year's comparable quarter. While the recent quarter benefited from the carry-over performance of summer hit "Lilo & Stitch," last year's quarter benefited from the carry-over performance of the blockbuster "Inside Out 2." Disney is hoping to turn around its box office performance with upcoming releases "Zootopia 2" and "Avatar: Fire and Ash." Disney is off 4% premarket.(connor.hart@wsj.com)

0654 ET - Delivery Hero's performance is reassuring, JPMorgan analysts write in a note. The German food-delivery company's third-quarter results showed both gross merchandise value and revenue in line with market expectations, which is likely to boost confidence. Order growth in South Korea in October and November shows that recent investments are starting to pay off. "This sets a positive tone into 2026 and should reassure investors around current trading trends," they add. Shares are up 8.3% at 19.98 euros. (najat.kantouar@wsj.com)

0640 ET - Disney amps up its efforts to return cash to shareholders, raising its annual dividend by 50% and doubling its stock buyback plans for its new fiscal year. Disney declares a dividend of $1.50, payable in two installments, for FY26, up from the $1 the entertainment giant paid in FY25. That equates to an annual yield of around 1.3% based on Wednesday's closing price of $116.65. Disney, which sports a market capitalization of nearly $210 billion, says it's targeting $7 billion in share repurchases in FY26. (colin.kellaher@wsj.com)

0459 ET - Deutsche Telekom delivered a robust third-quarter performance, ING analyst Jan Frederik Slijkerman writes in a note. The German telecommunications company continues to make progress in strengthening its network leadership in both the U.S. and Germany, he says. Nonetheless, further effort are needed on the fiber roll-out in its domestic market. The company's tangible plans for applying AI are seen positively, he adds. Shares are up 0.1% at 27.33 euros.(najat.kantouar@wsj.com)

0459 ET - JYP Entertainment is expected to face persisting margin pressure amid its expansion into new intellectual property, Nomura analysts Angela Hong and Won Kang say in a note. The company, which Nomura notes has historically maintained the highest margins among Korean entertainment companies, thanks to disciplined investments in a smaller roster of artists, is expanding into new genres and regions. While these initiatives are viewed as strategically necessary for the long term, Nomura notes the related costs will likely weigh on near-term profitability. "We see limited scope for margin recovery until the company demonstrates tangible returns from its IP investments and overseas initiatives," the analysts write. Nomura maintains a buy rating and KRW94,000 target price on its stock. Shares last closed at KRW71,200. (jason.chau@wsj.com)

0429 ET - Cisco Systems shares are up Thursday premarket after the networking-equipment company raised its fiscal 2026 guidance and reported strong demand for artificial-intelligence products. Cisco stock closed 3.1% higher at $73.96 ahead of fiscal first-quarter results on Wednesday. Shares are up 7% at $79.17 Thursday premarket. The company said AI Infrastructure orders from hyperscaler customers totaled $1.3 billion in the three months to Oct. 25. "Not only are they selling more hardware, but they're also securing large AI infrastructure orders. That was exactly what investors wanted to hear: that AI investments are starting to show up somewhere in revenue generation," Swissquote Bank's Ipek Ozkardeskaya writes in a note. (mauro.orru@wsj.com)

0350 ET - Tencent Music Entertainment Group could be a good buy when its stock falls, according to analysts at DBS Group Research. The music-streaming service provider's 3Q adjusted earnings beat consensus estimates on stronger music non-subscription revenue, Edmond Fok and others write in a note. They expect ad-supported membership tier--which provides some membership perks at a lower price, but still includes advertisements--to be a multi-year growth engine, given the music service has over 400 million non-paying users. Tencent Music Entertainment's ADRs fell 8% after its 3Q results, which seems unwarranted to the analysts, as they still view the company as China's top paid music-streaming option compared with ByteDance's Soda Music. DBS does not have a rating for Tencent Music. Its Hong Kong shares closed 10.7% lower at HK$75.60. (megan.cheah@wsj.com)

0053 ET - China has favorable conditions to help it take the lead in the humanoid industry, Bernstein analysts write in a note. Having established global leadership in many emerging areas like solar, battery, new energy vehicles, 5G, drones, among others, humanoid robots wouldn't be an exception, they say. China possesses a large pool of talented engineers, they say, adding that several local governments have introduced specific policies and guidance to support the humanoid industry. These conditions will help Chinese companies to engage in a trial-and-error process and iterate on products for practical application, they say. Western players, in contrast, tend to act as futurists for ultimate solutions. This approach may result in repeated delays, as seen in autonomous driving, they say. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

November 13, 2025 12:20 ET (17:20 GMT)

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