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's Safe Haven -- Any Port in a Storm!: StockTwits

NEW YORK (TheStreet) -- In a sea of red, Cisco Systems  (CSCO) offers safe harbor for bullish investors looking to ride out the red tide.

Today in a nutshell $SPX $CSCO http://stks.co/r0KXc

? 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 AM

Of course, not everyone is impressed...

1 of 2
DOW 16,563.30 -317.06 -1.88%
S&P 500 1,930.67 -39.40 -2.00%
NASDAQ 4,369.7730 -93.1290 -2.09%