This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

'Fast Money' Recap: Cisco's Back

NEW YORK ( TheStreet) -- Cisco (CSCO - Get Report) shares were up in after-hours trading on Wednesday after it posted a strong earnings report.

The networking equipment maker posted a revenue and earnings beat while raising its dividend.

Pete Najarian said on CNBC's "Fast Money" TV show that Cisco has stabilized and is benefiting from a return of enterprise spending.

Ron Insana said Cisco stock had telegraphed the company's turnaround for some time. He also said Cisco CEO John Chambers has managed the restructuring quite well.

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

Tim Seymour said the earnings results vindicate what Chambers has been doing to reshape the company and put him back in a position where his comments on such matters as government spending have to be listened to.

Seymour said Cisco has reinvented itself as it focuses on its core business of routing, switching and services. Karen Finerman said the stock is definitely worth a look because its valuation is not stretched in anyway.

Brian Marshall, an analyst with ISI Group, also said Cisco is moving in the direction, but he liked Juniper Networks (JNPR - Get Report) better over the next four quarters.

CNBC reporter Jon Fortt, who was on the Cisco conference call, noted that company's guidance showed an EPS of 45 cents to 47 cents in the third quarter along with a gross margin of 61.5% to 62%. Chambers said the next several quarters may be difficult because of the disruptive impact of the floods in Thailand.

As for derivative trades, Najarian liked Riverbed Technology (RVBD), F5 Networks (FFIV - Get Report) and Akamai (AKAM - Get Report).

Melissa Lee, the moderator of the show, shifted the panel's attention to Diamond Foods (DMND), which was plunging more than 40% after saying it was restating its 2010 and 2011 financial statements.

CNBC senior stocks commentator Herb Greenberg said that move jeopardizes Procter & Gamble's (PG) sale of its Pringles Brand to Diamond Foods for $2.35 billion.

Greenberg said there are provisions in the merger agreement that would allow P&G to exit the deal easily. Finerman said she couldn't see how the deal could hold together, while Greenberg noted that P&G has said the deal has drawn interest from other parties.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AKAM $49.54 -0.74%
CSCO $26.44 -1.56%
DMND $37.56 0.97%
FFIV $100.95 -0.01%
ILMN $134.97 0.99%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs