Cisco Flakes On Confidence

Posted in pre-market 
August 12th, 2010

Cisco Systems, Inc. (NASDAQ: CSCO) was down in pre-market trading as a result of weak guidance offered by the company.  At 8:35 AM EST is down 7.42% from $23.73 to $21.97, and has traded 876,856 shares, compared with the company’s average of 58,236,500 shares.  This drop comes during a 52-week trading range of $20.68 – $27.74.

Investor confidence was shaken by John Chambers, CEO of the IT company’s, characterization of the market as possessing “unusual uncertainty.”

-Michael B. Sauter

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