Cisco Guidance, "Decent" to "Good Enough" (CSCO)

[24/7 Wall St.]

24/7 Wall St. Daily News

We already reported earnings out of Cisco Systems (NASDAQ: CSCO). The networking giant posted $0.38 non-GAAP EPS on revenues of $9.8 Billion, which were ahead of First Call targets of $0.36 and $9.75 Billion. This beat initially had shares up over 2% in after-hours reactions. In the conference call, CEO & Chairman John Chambers came out with some loose guidance that you would put slightly below estimates for the coming quarter. The problem is that he did that last quarter too and this still looks like it is in the "good enough" camp. Chambers sees challenges in the U.S. persisting,...http://feeds.feedburner.com/~f/typepad/RyNm?i=cNwIkH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=cNwIkH) http://feeds.feedburner.com/~f/typepad/RyNm?i=wY0H1H</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=wY0H1H) http://feeds.feedburner.com/~f/typepad/RyNm?i=JEUbWh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=JEUbWh)


complete story here... (http://www.247wallst.com/2008/05/cisco-guidance.html)