Cisco Top Ticks Market?

May 7, 2009 at 11:16 am  ·  Category: Market Commentary, Stocks

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.

csco-1-yr-chart

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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