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Cisco's 4Q results, outlook top analyst views
MICHAEL LIEDTKE
(The Associated Press)



06:34:19AM (DST) Thursday, 8.11.11.

SAN FRANCISCO (AP) — Cisco Systems Inc. provided a small measure of comfort to the battered stock market late Wednesday with quarterly results that underscored the technology bellwether's resolve to improve its financial performance.

The numbers for the latest quarter weren't spectacular, but at least they didn't disappoint analysts. Cisco, the world's largest maker of computer-networking equipment, also predicted that its revenue in the current quarter could rise as much as 4 percent, a growth rate that would be slightly better than what Wall Street had expected.

Those positive developments were sorely needed against the current backdrop of market upheaval, especially because Cisco is one of the 30 companies that make up the Dow Jones industrial average. That widely watched benchmark has plummeted 16 percent during the past three weeks amid concerns about unsustainable government debts in the U.S. and Europe and ongoing worries about the flagging recovery from the Great Recession.

Cisco shares rose 97 cents, or 7 percent, to $14.70 in Wednesday's extended trading after the company released its results and forecast. The company has been the biggest laggard in the Dow industrials. At the end of Thursday's regular trading session, Cisco's stock price had fallen 32 percent so far this year compared to a 7 percent decline in the Dow overall.

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The key words are "networking equipment".
Though Cisco stock prices had fallen the small profits and shares are nothing to laugh at.

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