Cisco profit up but stock falls
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Cisco Systems' quarterly profit jumps 37%, but its shares fall sharply amid fears about US firms cutting network spending.
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Cisco (CSCO:Nasdaq - news - research) disappointed Wall Street Tuesday with a first quarter profit that was merely in line with estimates, rather than the customary penny ahead.
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Investor's Business Daily - Networking giant Cisco Systems may be in short-term pain. But it's looking past that to long-term gain.
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US stocks were volatile on Thursday after Cisco (NASDAQ:CSCO)'s downbeat outlook added to concerns about the prospects for corporate tech spending.
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Sub-prime takes the shine from quarter Cisco System profit rose 37 per cent in its first quarter '08, with growth in the networking equipment maker's international segments offsetting a "lumpy" US enterprise market.â¦
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Net profits up, per share profits down, share count up.
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Cisco Systems (nasdaq: CSCO - news - people ) posted first-quarter results Tuesday, and investors are likely jumping like the firm&#39;s financials: Profit rose 29%, as the network equipper cited strong activity in both its traditional arenas as well as in
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Cisco Systems Inc. said on Tuesday its quarterly net profit rose as customers bought more network equipment in response to growing Internet traffic.
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Cisco Systems Inc.'s fiscal first-quarter profits jumped 29 percent as the network equipment giant saw growth in its traditional routing markets as well as its emerging technologies like Internet telephone and home networking gear. -AP
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Cisco Systems Inc. surprised investors on Tuesday with a stronger-than-expected outlook and quarterly profit as demand for network equipment to handle Web traffic showed no signs of weakening, driving its shares up 5 percent.
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Stocks opened higher on Wednesday as solid earnings from Cisco Systems Inc.  and data showing unexpected weakness in labor cost growth and a surprisingly strong jump in productivity boosted investor optimism.
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Cisco Systems Inc. CSCO.O, the  biggest maker of equipment that directs data over the Internet,  on Tuesday said quarterly earnings rose 29 percent on stronger  demand for its networking gear.
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Cisco Systems Inc., the biggest maker of equipment that directs data over the Internet, on Tuesday said quarterly earnings rose 29 percent on rising demand for its networking gear.
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Cisco Systems Inc  posted a 7.2 percent rise in quarterly profit on Wednesday as demand for network equipment from telephone companies was steady despite the slowing U.S. economy.
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Juniper Networks Inc ,  the world's second-largest maker of routers for the Internet,  reported on Tuesday a 46 percent jump in quarterly profit, but  its shares fell after the results missed some investors' raised  expectations.
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Cisco Systems Inc.'s  strong  quarterly results and upbeat outlook pushed up tech shares on  Wednesday, cheering investors who had beaten down the sector  after weak results from other tech heavyweights.
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Stocks rallied on Wednesday, driving the Dow Jones industrial average to a record intraday high, after a strong profit and outlook from Cisco Systems Inc.  increased optimism about earnings.