Cisco Top Ticks Market?
Our customers [in the US, Asia, Europe and Latin America] are beginning to see a steadying, a stabilization, something solid under their feet.
– John Chambers, CEO, Cisco Systems, Squawk On The Street this morning
John Chambers was pretty optimistic on Squawk On The Street This Morning. It wasn’t a great quarter with revenues down 17% and net income 24%.
The stock looks toppy to me – as does the entire market.