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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (5668)2/4/1998 1:35:00 AM
From: Judy  Read Replies (6) of 42787
 
CSCO's earnings came in as expected, already priced into the stock. Have not heard CSCO's conference call, but forward guidance is key.

CSCO deserves to trade at a premium for its consistency and predictability in earnings, but 29 percent revenue growth may not justify an over 50 PE. I'll watch the market's reaction and will take a position unless CSCO breaks 59+ on heavy volume.
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