Cisco: Surprisingly Positive Reaction, Still A Zombie

Summary:

  • Cisco Systems stock has been stagnant for months, barely reaching $50 despite a recent pop.
  • Revenues down 10% but services revenue up 6% with Splunk contributing $960 million.
  • Margins improved but operating expenses up 12% and net income down 45%, cautious optimism for future Cisco performance.

Zombie apocalypse

gremlin/E+ via Getty Images

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) have quite a storied history, but in trading and investing, it does not matter where a company or stock has been, it matters where it is going. For many quarters, performance at Cisco


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