Wed, Aug 14, 2013 7:33 PM EDT 0:59
Cisco Systems reported fiscal fourth-quarter revenue in line with Wall Street expectations, helped by continued strength in its enterprise business. Cisco had a net profit of $2.3 billion in the quarter compared with a profit of $1.9 billion in the same quarter a year ago. BlackBerry is practically impossible to value right now, but that obviously won't stop analysts from trying. With the struggling smartphone maker having recently announced that it is exploring a number of new strategic options including a sale, industry watchers are abuzz with ideas. Most tend to agree that no rival smartphone companies have any interest in BlackBerry. J.C. Penney Co Inc shares rose in late trading on Wednesday, after the New York Post said on Twitter that same-store sales are positive so far this month, citing sources.