Cisco Leads Volume Board (CSCO)

Posted in pre-market 
August 6th, 2009

Cisco Systems Inc. (CSCO) is now down only 1.1% at $21.90 as of 8:20 AM EST on some 660,000 shares.  Last night’s report of $0.31 EPS and $8.5 billion in revenues exceeded forecasts.  Unfortunately the company gave light guidance and was not committed to growth unless things continue to improve in the economy.  As we have maintained, the company just had to do a lot better in its tone and guidance after the stock had run from under $18 to over $22 in  less than a month. -JON OGG

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