The Cisco Kid Rides Again (CSCO)
Cisco Systems (CSCO) said that it would deliver again. The company affirmed that it would hit a 16% revenue growth rate in the quarter ending in October and also repeated that it would see 12% to 17% growth over the…
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Cisco Systems (CSCO) said that it would deliver again. The company affirmed that it would hit a 16% revenue growth rate in the quarter ending in October and also repeated that it would see 12% to 17% growth over the next three to five years. In yesterday’s Financial Analyst Conference 2007, the company maintained its strong tone from just a month ago.
Here is just part of the winning combo:
- The company’s diversification into video conferencing, VoIP, data security and even cable set-top boxes seems to be working better than most would have guessed.
- If you listened to John Chambers in the last earnings conference call, you will know that TelePresence is going to be a huge focus going forward.
- The company has been investing heavily into wireless and future WiMAX offerings in many private acquisitions.
Back in January, 24/7 Wall St. outlined the path for Cisco shares to hit $34.00 around mid-year. Shares briefly hit multi-year highs after its strong guidance.
Cisco is no longer just a router company. But, there is nothing wrong with that.
Douglas A. McIntyre
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
