Cisco (CSCO) Volatile in After-Hours as Q2 Results In Line, But Outlook Concerning
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Cisco (Nasdaq: CSCO) stock is swinging in today's post-market session following a Q2 earnings beat, but a somewhat mixed outlook. Shares of Cisco most recently traded at $15.20, down about 3% from its closing price of $15.84 today.
Cisco reported Q2 adj-EPS of $0.32, beating the Street's estimate by 2 cents, on sales of $9.1 billion.
On its conference call, Cisco said it expects Q3 revs to be down 15-20%. The tech bellweather's CEO, John Chambers said Cisco is "comfortable with long-term growth goals."
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