CSCO, I know this might be off topic, but thoughts on price action post earnings. This is usually
a weak Q at least the past couple years. Well sort of, even when earnings had been good, the market has trashed csco any way. I still cannot figure why this is not closer 30 than 20, one of only a handful of grossly under priced stocks in the market. Hoping this finally gets the respect it deserves, holding like forever here.
they usually have been reporting better than expected earnings for most of the previous quarters . it does give the stock a good boost until chambers comes out on cnbc and bad mouthed the guidance which usually is incorrect .. IF he avoids negative comments like he did last quarter , with the market booming , this stock should have a good jump higher if earnings and especially revenue are improved . being as the dow is at all time highs , cisco SHOULD be at 30 .. its actually dragging the dow down ..
I figured csco value at 28 for a long time, after the last Q i figured 30 but the stock did nothing, EVEN after 10 upgrades. The upgrades averaged about PT 25.50. I thought LAST Q, was inflection point for CSCO earnings as the EPS. spiked up on SOFTWARE. If that was the REAL beginning of software traction they could not just beat by .02-.03, but by around .05-.06. I think if we do eps. .49-.52 the stock languishes, but if SOFTWARE did real well, and eps., is .54-.55 a .05-.06 beat we start a run to fair value, So SHUT UP Chambers. I am up pennies on this, but Do not want to dump CAUSE I think it so undervalued. Should just move on but stupid and stubborn.