Cisco (CSCO) is now up 6.9% after delivering a strong FQ1 report (I, II) and solid FQ2 guidance....

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Cisco (CSCO) is now up 6.9% after delivering a strong FQ1 report (I, II) and solid FQ2 guidance. Comments made during Cisco's CC about strong switch and router orders, and improving switch margins (long an area of concern), could also be providing a lift. Citi is upgrading shares to Buy, arguing FQ2 expectations are still low, and Cisco's improving growth and margins will lead to multiple expansion.