Advertisement
New Zealand markets closed
  • NZX 50

    11,682.39
    -89.42 (-0.76%)
     
  • NZD/USD

    0.6120
    -0.0001 (-0.02%)
     
  • NZD/EUR

    0.5717
    +0.0003 (+0.06%)
     
  • ALL ORDS

    8,039.90
    +27.80 (+0.35%)
     
  • ASX 200

    7,796.00
    +26.60 (+0.34%)
     
  • OIL

    80.59
    -0.70 (-0.86%)
     
  • GOLD

    2,334.70
    -34.30 (-1.45%)
     
  • NASDAQ

    19,700.43
    -51.87 (-0.26%)
     
  • FTSE

    8,237.72
    -34.74 (-0.42%)
     
  • Dow Jones

    39,150.33
    +15.57 (+0.04%)
     
  • DAX

    18,163.52
    -90.66 (-0.50%)
     
  • Hang Seng

    18,028.52
    -306.80 (-1.67%)
     
  • NIKKEI 225

    38,596.47
    -36.55 (-0.09%)
     
  • NZD/JPY

    97.7750
    +0.5550 (+0.57%)
     

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.