The Night Watch: Buyers Boost Cisco in Extended Trading
Traders focused on
Cisco
(CSCO) - Get Cisco Systems Inc. Report
after the regular session closed Monday, sending the networker's shares higher on a better-than-expected quarterly earnings report.
After regular trading ended, Cisco reported earnings, excluding items, of 4 cents a share for the fiscal first quarter. Analysts were looking for income of 2 cents. Revenue totaled $4.45 billion, also ahead of Wall Street's estimates. In the same period a year ago, the company earned 18 cents on revenue of $6.52 billion. The company's shares rose 3.4% to $18.51 in the extra session, on top of the 2.8% they gained by the 4 p.m. EST close.
Starbucks
(SBUX) - Get Starbucks Corporation Report
was also active on Instinet, where the stock inched down 0.1% to $18.58.
Sun Micro
(SUNW) - Get Sunworks Inc. Report
was gaining 0.9% to $12.17 after gaining 5.1% in regular trading. The
Nasdaq 100 Tracking Stock
(QQQ) - Get Invesco QQQ Trust Report
was up 1% to $37.15.
Intel
TheStreet Recommends
(INTC) - Get Intel Corporation Report
was tacking on 0.6% to $27.13, and
Juniper
(JNPR) - Get Juniper Networks Inc. Report
was up 1.9% to $23.01. In regular trading, Juniper had climbed 14.7%.
KPMG Consulting
(KCIN)
was one of the biggest winners after the bell, climbing 9.5% to $15. After the bell, the company posted first-quarter earnings, before items, of 14 cents a share. Analysts were looking for income of 11 cents.
TMP Worldwide
(TMPW)
, which owns the job-hunting Web site Monster.com, was gaining 5.2% to $34.75 after topping third-quarter estimates by a penny, with a bottom line of 35 cents a share.
VerticalNet
(VERT)
was among the biggest losers, falling 6.2% to $1.21 in after-hours trading.
Volume was heavy in the extra session, with more than 3 million shares changing hands in the first 30 minutes of trading on Instinet. Cisco accounted for almost one-third of that volume.
