Sector Watch: Networkers Mixed a Day After Cisco's Warning
Cisco's(CSCO) after-hours profit warning Monday wasn't a good sign for the networking heavyweight, but investors displayed mixed emotions about the sector as a whole in today's session.
Cisco was by far the most actively traded stock on the Nasdaq this morning, with more than 106 million shares changing hands by midday. Shares of Cisco dropped $1.20, or 7%, to $15.99 in recent trading. After the bell on Monday, the company said its third-quarter revenue would decline 30% sequentially. Cisco also said earnings should be in the "very low single digit" range. Wall Street expected the company to earn 8 cents a share and post revenue of $5.95 billion.| Inventory Mess Shows Cisco Can't Turn on a Dime |
| Making Their Own Troubles: Cisco Highlights the Inventory Woes at Tech Shops |
| Sector Watch: Networkers Mixed a Day After Cisco's Warning |
| Analysts Again Say Cisco's Worst May be Behind It |
| It's Not the Heat, It's the Volatility, Cisco Options Show |
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