Tuesday, December 15, 2009, 11:48PM ET - U.S. Markets Closed.

Cisco Q2 Revenue Down, Still Beats the Street

Posted Feb 04, 2009 04:30pm EST by Eric Krangel in Investing, Computers, Data Storage, Recession

From Silicon Alley Insider, Feb. 4, 2009:

Times are tough for Cisco Systems (CSCO), but things could have been worse. In reporting earnings, the company beat analyst expectations despite a 7.5% y/y slump in sales.

Key Stats:

  • Q2 Revenue: $9.1 Billion vs $9.00 billion consensus
  • Q2 EPS: $0.32 vs $0.30 consensus

Cisco's stock was up 1.4% after hours. Stay tuned for LIVE analysis of Cisco's earnings call.

For more coverage, go to SAI.

17 Comments

RonK
RonK - Wednesday February 04, 2009 05:03PM EST

I remember my stupid M Lynch broker telling me to buy cisco at 68. "it's going up" lucky for me we didn't listen. Full price broker, what a mo mo.

Yahoo! Finance User
Yahoo! Finance User - Wednesday February 04, 2009 05:06PM EST

Tax big oil for stimulus package!

cisco.nosle.com
cisco.nosle.com - Wednesday February 04, 2009 05:28PM EST

That is wonderful news. Hopefuly cisco brings up the economy!

JS
JS - Wednesday February 04, 2009 06:22PM EST

Let's just hope that things turn around for everyone in 2009. Not just CSCO, but the entire US and global economies ! This bailout stuff is an entirely BAD idea. Let the free market work !

Shelly
Shelly - Wednesday February 04, 2009 06:49PM EST

Let's tax the people who currently don't pay taxes for the stimulus package!

__A_YAHOO_USER__
__A_YAHOO_USER__ - Wednesday February 04, 2009 06:51PM EST

CISCO PROVE ...........THEY CAN STAND STRONG INSPITE OF RECESSION.

GREG J
GREG J - Wednesday February 04, 2009 07:50PM EST

go cisco

Yahoo! Finance User
Yahoo! Finance User - Wednesday February 04, 2009 10:18PM EST

Cisco is going DOWN after hours, not up. Chambers is forecasting an up to 20% drop in revenue next quarter and said conditions deteriorated in January. Last traded at 15.15 from a close of 15.84

Soul
Soul - Wednesday February 04, 2009 10:44PM EST

CSCO is the internet, so i will keep buying CSCO each month until this economy turn around. I have 2000 shares at $15.85 and $50 per share not bad for 5 years on average of $15.85 or less. GO CSCO

Pat G
Pat G - Wednesday February 04, 2009 10:49PM EST

Cisco setting the path for next down leg ? 20 % drop in revenue is no small potatoes. wonder what that does to our 401k accounts. Is it worth holding these losing accounts ??

Mohammad
Mohammad - Thursday February 05, 2009 02:43AM EST

I like it when they make down signals for now it is historical opportunity to buy and buy...

Mohammad
Mohammad - Thursday February 05, 2009 02:44AM EST

I like it when they make down signals for now it is historical opportunity to buy and buy...

Nathalie
Nathalie - Thursday February 05, 2009 07:15AM EST

It's the perfect time to stock up on Cisco stocks! That's what I'm going to do .

Rosepw
Rosepw - Thursday February 05, 2009 08:53AM EST

ON the financial TV shows the people that lick the boots of the Rich are very angry over the Presidents stimulus bill. That tells me it must be a very good bill for the average American. The Boot Lickers of the Rich are pisst how wonderful. I hope the President has the courage to hit them on their knuckles.

Paul
Paul - Thursday February 05, 2009 11:23AM EST

Unfortunately we need the rich to keep people of this country employed. Who is going to provide all of these jobs if their are no business owners and these bailouts only make America a step closer to a socialist nation. 85% of all jobs are created by small business owners.

Andrew
Andrew - Thursday February 05, 2009 04:25PM EST

Current stimulus package is just taking rather large bucket fulls of our own money from one side of the lake and putting it back into the other side of the lake. There is one stop along the way - Washington DC so they can sample the water and put it where they want it to go to buy votes. It's all one big friggin' lake! Let us keep more of it before it gets to the lake. Keynsians are morons. Remember the term "redistributive change". Elections matter.

lbhksh
lbhksh - Friday February 06, 2009 10:06AM EST

csco or orcl that is the question ? maybe just buy both.

Yahoo! reserves the right to refuse, or remove any comment that does not comply with the Yahoo! Terms of Service. The submission of spam, hateful, or obscene messages may result in the termination of your Yahoo! ID.
About Tech Ticker - Send FeedbackDisclaimer. Copyright © 2007 Yahoo! Inc. All rights reserved.
Copyright/IP Policy - Terms of Service - Privacy Policy - Help
Quotes delayed, except where indicated otherwise. Delay times are 15 mins for NASDAQ, NYSE and Amex. See also delay times for other exchanges.

Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. Fundamental company data provided by Capital IQ. Financials data provided by Edgar Online. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc. Analyst estimates data provided by Thomson Financial Network. All data provided by Thomson Financial Network is based solely upon research information provided by third party analysts. Yahoo! has not reviewed, and in no way endorses the validity of such data. Yahoo! and ThomsonFN shall not be liable for any actions taken in reliance thereon. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.