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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

+0.1%

Nov 7 9:30 AM EST

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To: Eric who wrote (74464)	11/8/2007 10:27:16 AM
From: Eric	Read Replies (2) of 77397

And now... (9:48 AM ET) SAN FRANCISCO (MarketWatch) -- Cisco Systems Inc.(CSCO, Trade )was downgraded to a market perform rating Thursday morning by Raymond James. In a note to clients, analyst Todd Koffman said the company's first fiscal quarter results, which were reported late Wednesday, shows that Cisco's revenue growth trends "may be moderating." Cisco's results for the quarter came in above Wall Street's estimates, but the company's forecast for the current period was below analysts' expectations. "As such, multiple expansion has likely run its course and we would expect some multiple contraction as growth rates moderate," Koffman wrote.

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