SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.42+4.6%Nov 13 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GVTucker who wrote (51460)4/16/2001 4:19:01 PM
From: t2  Read Replies (2) of 77398
 
Cisco profit warning was the last one everyone seemed to be waiting for in technology.

Therefore, it clears the way for a Nasdaq upturn that is more sustainable, IMHO.

Important thing to note is that the guidance is for the company to hit what the low consensus estimates for Revenue and EPS is on the street.

Some feared operating loss and that can be considered a relief.

Wait to wait for market reaction tomorrow (not afterhours) to see what analysts have to see.

All I can say is that this the big cap that was expected to warn, given NT's multiple warnings and JNPR barely hittting targets(which is unusual for JNPR).

C'mon, is anyone really surprised?
The question is really how investors react to the next quarter's guidance--that is probably the key and that is what could still hurt this stock. Even on that they say flat to down 10%. I had thought it was going to be down 10% mistakenly...so flat revenues next quarter (best case) may not be bad if this is just a transition to a higher growth period down the road. Flat to down 10% is inline with the lowest street numbers right now.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext