NEW YORK ( TheStreet) -- There's no denying that Wall Street has an insatiable appetite for growth. But to that end, I don't believe that there's anything a company can do other than to beat its performance expectations, which is exactly what Cisco (CSCO - Get Report) has now done for 10 consecutive quarters. But instant gratification is another flaw that plagues investors, many of whom missed, if not blatantly ignored, the good that came out of Cisco's earnings report; this sent the stock tumbling down 10%.Earlier this week, I told you that Cisco was a buy ahead of earnings. And even with Wednesday's plunge, I'm not backing away from that. Here's why I was right: Cisco beat or reached the upper end of its guidance on pretty much every metric that mattered, including earnings of 52 cents per share on revenue of $12.4 billion.
Cisco Beats but Wall Street Misses
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