Gorilla and King Portfolio candidates - Moderated Message Board

STOCKTALK

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.

Strategies & Market Trends : Gorilla and King Portfolio candidates - Moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Uncle Frank who wrote (2826)	5/11/2011 4:54:46 PM
From: stockman_scott	of 2955

Cisco Posts Quarterly Profit That Exceeds Analysts’ Estimates By Joseph Galante May 11 (Bloomberg) -- Cisco Systems Inc., the largest maker of networking equipment, reported quarterly profit and sales that topped analysts’ estimates after it exited lower-margin products and took moves to shore up sales of routers and switches. Profit excluding some costs was 42 a share, San Jose, California-based Cisco said today in a statement. Analysts surveyed by Bloomberg predicted profit, on average, of 37 cents. Cisco, which has lost about $50 billion in market value in the last year, is revamping management and scaling back some businesses after losing share amid price pressure from rivals such as Hewlett-Packard Co., Huawei Technologies Co. and Juniper Networks Inc. Chief Executive Officer John Chambers is cutting jobs and refocusing the company on key markets in an effort to regain Cisco’s dominance in the networking industry. “Investors are still hungry for more changes at Cisco,” Brian White, an analyst at Ticonderoga Securities LLC, said in a research note. “These are steps in the right direction.” Sales rose 4.8 percent to $10.87 billion in the quarter that ended April 30. Analysts expected sales of $10.86 billion. Cisco gained in extended trading on the Nasdaq Stock Market after slipping 1 cent to $17.78 at 4 p.m. Cisco typically gives investors a forecast for the current quarter on a conference call after the results are released. To contact the reporter on this story: Joseph Galante in San Francisco at jgalante3@bloomberg.net. To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net. Last Updated: May 11, 2011 16:13 EDT

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next