November 07, 2007
Posted by Geldof
Cisco reported a 37% surge in first-quarter profit today. And analysts still aren't happy. Not only that, they repurchased 3 billion of their shares, yet the stock dropped.
Cisco has been one wild ride
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November 08, 2007
Posted by richinpeac
( 1 rating )
The analysts weren't the primary reason for the stock being hit. CSCO was down today due to panic in the market. Their earnings, business diversifications and growth are all positive. Mark my words. 40 dollars by the end of the year.
*Long CSCO
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November 08, 2007
Posted by spcarrying
( 0 ratings )
I couldn't disagree more with richin below. The reason Cisco Systems closed down over 3.9% today was because their report to wall street was unclear. The reported confused a lot of people leading many to lose confidence in management.
More importantly. Everyone on the street was expecting Cisco to blow away earnings numbers, which sure did not happen.
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