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

Cisco, Sirius, Apple: Pre-Market Movers

NEW YORK ( TheStreet) -- Cisco (CSCO - Get Report) was the big laggard in pre-market trading on Thursday as investors responded negatively to the networker's third-quarter results.

The tech giant on Wednesday comfortably beat Wall Street's profit estimate and edged past analysts' top-line forecast. Cisco, however, gave a weak fourth-quarter outlook, citing an uncertain macroeconomic environment.

The Dow component forecast year-over-year fourth-quarter revenue growth of 2% to 5%. Wall Street expected sales growth of 7% compared to the prior year's quarter.

Speaking during a conference call after market close, Cisco CEO John Chambers cited Europe, the public sector and India as areas of concern. Southern Europe's economic problems, he noted, have spread to northern Europe.

The weaker-than-anticipated forecast forced Cisco's shares down on Wednesday and the stock was off 7.56% at $17.36 before market open.

Cisco was also the most active premarket Nasdaq stock on share volume of 1,932,041.

Sirius XM (SIRI - Get Report), however, was a Nasdaq gainer in premarket trading. Shares of the satellite radio giant climbed 1.83% to $2.22 on share volume of 318,852.

Apple's (AAPL - Get Report) stock also crept northward on Thursday, rising 0.93% to $574.47 on share volume of 56,223.

--Written by James Rogers in New York.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $134.65 3.40%
CSCO $28.89 0.24%
SIRI $3.94 -0.50%
FB $81.93 0.49%
GOOG $555.39 -1.70%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs