EMS Stocks Hit On Lower Cisco Guidance (JBL, FLEX, SANM)
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EMS stocks are weaker today on lowered guidance from Cisco (Nasdaq: CSCO).
Jabil Circuit Inc. (NYSE: JBL), which gets 15% of its business from Cisco, is down 6.8% today. Shares were downgraded by Citigroup.
Flextronics International Ltd. (Nasdaq: FLEX), which gets just under 10% of its business from Cisco, is down 2% today. It too was downgraded by Citigroup.
Sanmina (Nasdaq: SANM), which gets a high single digit percentage of its business from Cisco, is flat today.
Jabil Circuit Inc. (NYSE: JBL), which gets 15% of its business from Cisco, is down 6.8% today. Shares were downgraded by Citigroup.
Flextronics International Ltd. (Nasdaq: FLEX), which gets just under 10% of its business from Cisco, is down 2% today. It too was downgraded by Citigroup.
Sanmina (Nasdaq: SANM), which gets a high single digit percentage of its business from Cisco, is flat today.
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