Cisco Systems Stock Jumps After Q1 Earnings Beat |
| Investor's Business Daily - Nov 13, 2012 |
Cisco Systems (CSCO) has some fight left.
The computer networking leader late Tuesday reported quarterly results that avoided the deepest potential pitfalls of a dour global economy, as earnings and sales beat Wall Street expectations.
The tech giant's outlook for the current quarter also edged views.
Cisco's stock was up 7% after hours, after the company released results for its fiscal Q1 ended Oct. 17. The stock fell a fraction in the regular session, closing at 16.85. Shares are down 11% since Aug. 16, when a Q4 earnings beat sent the stock up nearly 10%.
As it has done in recent quarters, Cisco achieved growth in small but promising areas such as mobile, security and data center gear, while its core networking switches and routers fell.
Read More At IBD: http://news.investors.com/technology/111312-633302-cisco-stock-jumps-on-q1-beat.htm#ixzz2CDuTBSX7
Read Full Article from Investor's Business Daily
- Posted: 2012-11-14 13:34:58
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