real-time news and commentary for investors
Wednesday, Sep 25
Cisco -0.5% AH following Chambers' CNBC talk
- John Chambers (CSCO) provided mixed commentary during a talk with Maria Bartiromo on CNBC's Closing Bell.
- While stating European demand is recovering and calling the U.S. a growth engine, Chambers called emerging markets demand is "mixed."
- Cisco tumbled last month after providing weaker-than-expected guidance to go with an FQ4 beat. On its CC, the networking giant mentioned total FQ4 emerging markets orders rose 8% Y/Y in FQ4, but added some markets were much stronger than others. While India and Mexico saw double-digit order growth, Brazil and Russia were flat, and China was down 6%.