Cisco +7% after better-than-expected guidance, order data


Cisco (CSCO) guides on its FQ3 CC for FQ4 revenue to be down 1%-3% Y/Y; that's favorable to a -5.2% consensus.

In addition, John Chambers states Cisco's product orders were "relatively flat" Y/Y, a marked improvement from FQ2's 4% drop. Book-to-bill was "comfortably above 1."

Strong U.S. (+7% Y/Y) and Northern European (+4%) orders provided a lift. Emerging markets (-7%) and service provider (-5%) orders remain soft.

Router revenue fell 10%, but orders were nearly flat. Switch sales fell 6%.

FQ3 results, details

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Comments (2)
  • ca7711
    , contributor
    Comments (572) | Send Message
     
    Wow Cramer. What a great call.
    14 May 2014, 05:19 PM Reply Like
  • JD in NJ
    , contributor
    Comments (1634) | Send Message
     
    It's not very often that I find myself owning a stock that is one of the top after/before hours gainers. It's a good feeling.
    14 May 2014, 10:06 PM Reply Like
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