shares were flat Wednesday after a regulatory filing offered another potentially hopeful nugget about the networker's sales growth.
In a 10-Q quarterly report with the
Securities and Exchange Commission
, the company put its Sept. 8 order backlog at $1.6 billion, up 14% from $1.4 billion a year earlier. The backlog tally represents the value of unfilled orders. Its direction is seen in some quarters as a clue to future earnings and sales results, though Cisco warns in its filings that the backlog totals aren't predictive of other trends.
The filing came less than a week after CEO John Chambers
ignited a rally across the tech sector by saying August sales had been stronger than expected. Because of its history of rapid expansion and its massive reach across the communications sector, Cisco has become a bellwether stock as investors await the return of sales growth to the torpid tech sector. Hopes of a pending information technology spending surge have pushed Cisco shares near their highs of the year, up more than 100% off the spring's single-digit low point.
On Wednesday, Cisco added 2 cents to $20.80.