Advertisement
Australia markets open in 9 hours 58 minutes
  • ALL ORDS

    8,206.10
    +72.70 (+0.89%)
     
  • AUD/USD

    0.6786
    +0.0024 (+0.35%)
     
  • ASX 200

    7,959.30
    +69.70 (+0.88%)
     
  • OIL

    82.18
    -0.44 (-0.53%)
     
  • GOLD

    2,416.00
    -5.90 (-0.24%)
     
  • Bitcoin AUD

    88,247.34
    +1,627.84 (+1.88%)
     
  • CMC Crypto 200

    1,243.41
    +44.85 (+3.74%)
     

Cisco Stock Barely Moves Despite Stellar-Earnings Report: Time to Buy?

Cisco Stock Barely Moves Despite Stellar-Earnings Report: Time to Buy?

Shares of Cisco Systems (NASDAQ: CSCO) treaded water on Thursday after the networking-hardware provider reported blockbuster results for the fiscal third quarter, which ended April 29. Cisco reported a steep decline in product orders, the precursor to generating product revenue, across all geographies and customer types. The worry is that tumbling product orders will give way to slumping revenue down the line.