With adjusted earnings of 57 cents per share and year-over-year revenue of $11.58 billion, Cisco beat analyst expectations on both top and bottom lines.
A big factor for investors to consider is the amount of cash Cisco (CSCO) - Get Cisco Systems, Inc. Report has sitting overseas. Like fellow tech company Apple (AAPL) - Get Apple Inc. (AAPL) Report , Cisco has more than $62 billion stored abroad. TheStreet's technology editor Nelson Wang says Cisco is a company to watch as a Trump repatriation tax "could make shareholders quite happy."
TheStreet's Scott Gamm reports from Wall Street.