For whom Cisco tolls: Nasdaq futures, networking stocks down AH


Nasdaq-100 futures (QQQ, XLK) -0.5% AH after Cisco provides relatively light FQ1 guidance to go with an FQ4 beat, and also reports Asia-Pac/Japan orders were down 3% Y/Y (macro is blamed).

Networking/telecom hardware vendors and some of their suppliers are naturally the biggest decliners. Many of them have run up strongly this year on hopes of gradually improving carrier capex and enterprise IT spending. ALU -3.3% AH. JNPR -2.4%. ARUN -1.4%. FFIV -2%. ARRS -2.4%. RVBD -3.2%. JDSU -1.6%. FNSR -2.8%. CIEN -2.2%. CAVM -2%.

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Comments (1)
  • Stock Market Mike
    , contributor
    Comments (3741) | Send Message
     
    $MRVL -1.52% AH (Also in networking)
    14 Aug 2013, 09:36 PM Reply Like
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