Cisco Systems (CSCO) 6% Higher Following Q4 Report
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Shares of Cisco Systems (Nasdaq: CSCO) are 6% higher after reporting better-than-expected Q4 results and providing okay guidance.
Cisco reported Q4 EPS of $0.40, 1 cent better than the analyst estimate of $0.39. Revenues for the quarter were $10.4 billion, versus the consensus of $10.31 billion.
On its call, Cisco reiterated its guidance of 12%-17% annual sales growth. The company said it sees Q1 revenues growth of 8%. On a more cautious note, Cisco said it sees 'economic challenges' over the next few quarters.
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