Cisco's Safe Haven -- Any Port in a Storm!: StockTwits
BY Sean McLaughlin | 05/15/14 - 12:15 PM EDT
? Greg Guenthner (@GregGuenthner) May. 15 at 08:48 AM
Stocks as a whole are seeing losses across the board this morning. But Cisco investors appear to be unaffected, as they react positively to the latest quarterly results released yesterday after the close. Cisco shares have shot up as much as 8% this morning, and as of 12 noon shares were up 7%, to $24.40. Today's activity is prompting some to suggest that Cisco is quickly becoming the perceived "safety play" in the tech space:
EVERYONE is plowing into $CSCO as a safe haven tech name. ? tickertutor (@tickertutor) May. 15 at 08:34 AMOf course, not everyone is impressed...