Cisco (CSCO) Drags Down QQQ After Hours

May 9, 2012 5:33 PM EDT
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Price: $30.10 +0.40%

EPS Growth %: +3.4%

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Product: 3.4B

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Shares of Cisco Systems (NASDAQ: CSCO) are getting hammered in after-hours trading Wednesday and dragging down the entire NASDAQ Index, which trades as an ETF under the symbol QQQ.

Cisco Systems, Inc posted solid third-quarter results after the close Wednesday, but investors are selling the shares as the networking giant provided statements and guidance that were less than compelling during the conference call.

After closing the intraday session down 0.3 percent, the ETF is now trading down about 0.8 percent.

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What are you thoughts on this stock?
John Bernard on 2012-05-10 17:54:48
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I have been trading QQQ for a while now. I got alerted well before the volume started to pick up and because of this I was able to score a nice profit a few times. The report helped me understand the complete scenario and the pros and cons. It’s always best to buy before everyone else does. Check it out at (Kindly, copy and paste the link in to your browser.)

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