Cisco Traders Initially Sell the News
Cisco Systems (CSCO-NASDAQ): $0.33 non-GAAP EPS & Revenues $8.4 Billion.Estimates were $0.21 & $8.28+ Billion, although whisper numbers were $0.32 to $0.33 on the higher-end. On a GAAP basis it made $0.31, so even the pickiest technology analyst would have…
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Cisco Systems (CSCO-NASDAQ): $0.33 non-GAAP EPS & Revenues $8.4 Billion.
Estimates were $0.21 & $8.28+ Billion, although whisper numbers were $0.32 to $0.33 on the higher-end. On a GAAP basis it made $0.31, so even the pickiest technology analyst would have a hard time saying this was not a meet or beat.
There may be a concern that the Scientific Atlanta numbers didn’t come in as robust, but we’ll see.
The stock is down almost 1% at $27.10 on the Scientific Atlanta numbers and no-guidance, but they usually give the actual guidance in the conference call. This reaction so far is more of a trader reaction and a ‘Sell the news’ rather than based on any massive long-term expectation changes.
Assuming it gives guidance in the conference call: Its next quarter expected by the street is $0.33 and $8.55+ Billion.
Jon C. Ogg
February 6, 2007
Contact [email protected] for any questions or corrections.
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