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

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

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