With adjusted earnings of 57 cents per share and year-over-year revenue of $11.58 billion, Cisco beat analyst expectations on both top and bottom lines.
A big factor for investors to consider is the amount of cash Cisco (CSCO) has sitting overseas. Like fellow tech company Apple (AAPL) , Cisco has more than $62 billion stored abroad. TheStreet's technology editor Nelson Wang says Cisco is a company to watch as a Trump repatriation tax "could make shareholders quite happy."
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
