Cisco Stock Edges Up As Earnings Top Expectations, Guidance In Line
Summary
Cisco Systems ( CSCO ) late Wednesday reported first-quarter profit that topped views as revenue rose for the fourth straight quarter.Analysts expected Cisco earnings of 72 cents on sales of $12.87 billion for the period ended Oct. 31.For the fiscal second quarter, Cisco forecast earnings of 72 cents a share, in line with estimates.The maker of computer networking gear and security software topped estimates of $12.53 billion.Analysts expected computer security services and sales of new Catalyst 9000 network switches to be bright spots for the fiscal first quarter.
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