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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Mike Farrar who wrote (12196)2/4/1998 1:19:00 PM
From: thebeach  Read Replies (1) | Respond to of 77400
 
They must have some clients that need to get in at a lower price!!!



To: Mike Farrar who wrote (12196)2/4/1998 1:19:00 PM
From: Zoltan!  Respond to of 77400
 
RESEARCH ALERT - Cisco EPS estimates upped

NEW YORK, Feb 4 (Reuters) - BancAmerica Robertson Stephens said on Wednesday it raised its 1998 and 1999 earnings estimates on shares of Cisco Systems Inc based on strong second quarter results.

-- Cisco reported second quarter earnings of $0.43 per share, above Wall Street estimates of $0.42 per share.

-- Firm raised 1998 earnings estimate to $1.73 per share from $1.68 per share and 1999 earnings estimate to $2.13 per share from $2.01 per share.

-- Analyst Paul Johnson said revenues in the quarter grew at an impressive 7.9 percent sequentially to $2.02 billion.

-- Reiterates buy rating on the stock.

-- ''Revenue growth in the quarter was fueled by strong demand for high-end routers and switching, both LAN and ATM,'' Johnson said.
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