'Fast Money' Recap: Cisco's Bullish Report

NEW YORK (TheStreet) -- The markets ended mixed Wednesday after the Federal Reserve left interest rates unchanged.

The Dow Jones Industrial Average was up 30.23, or 0.31%, to 9,802.14, while the S&P 500 added 1.09, or 0.10%, to 1,046.50. The Nasdaq fell 1.80, or 0.09%, to 2,055.52.

The Fed decided to leave its record-low benchmark interest rate alone. The Institute for Supply Management reported continuing improvement in the service sector, while the ADP National Employment Report said that job losses in the private sector declined for the seventh consecutive month.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Melissa Lee, the moderator of CNBC's "Fast Money" TV show, said Cisco's(CSCO Quote) shares were surging in after-hours after its earnings beat expectations.

Guy Adami said he believes there is more upside for Cisco since it's cheap at 15 times forward earnings. Tim Seymour said the company beat on the top line and has done a good job of cutting costs and staff.

Pete Najarian was impressed with Cisco's expenditure of $7 billion in acquisitions this year. "And they're still sitting on $30 billion in cash," he said. "The growth engine is back, and they're going into mobile in a big way."

Joe Terranova said Cisco's bullish report sets up well for the tech sector, which, he predicts, will see "pent-up demand" coming its way.

Jim Goldman, a CNBC technology reporter, said Chambers was very optimistic in the conference call about the outlook for his company and the economy.