Cisco: Weak Results Spun As Potential “Tipping Point”

August 6, 2009 at 10:04 am  ·  Category: Market Commentary, Stocks

Cisco (CSCO) reported an 18% drop in revenue and a 23% drop in net income after the close yesterday for their fiscal 4th quarter ended July 25, 2009.  But CEO John Chambers saw positive order trends during the quarter and if these continue “we believe there is a good chance we will look back and see that the tipping point occurred in our business in Q4.”

csco-1-year-chart

Disclosure: Top Gun has no position in Cisco (CSCO) shares but is short the Nasdaq-100 via the QQQQ.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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