Cisco 3Q Earnings Rise, Beat Expectations
“Cisco 3Q Earnings Rise 16 Percent, Beating Expectations; Sales Jump More Than 10 Percent”
Cisco Beats The Streets by a Penny
“Cisco made 23 cents a share on sales of $6.19 billion in the latest period. Wall Street analysts had forecast a 22-cent profit on sales of $6.16 billion. ”
Looks like Cisco is in very good shape and it will continue to grow. The stock price closed at $18.21 (as a yesterday’s closed), but the price went up after-hours, to as high as $18.37 and finally settled at $18.25. The volume today was almost 75M about 40% higher than the 3month average volume, indicating that the market has a very high interest in this company right now. Accumulation for this stock is growing because the market thinks it’s cheap. With zero debt, $6B in cash, low P/E, high brand-recognition, strong revenue growth, increasing business spending from the market, potential VoIP and other power play, I say this is one company with a very high reward/risk ratio.