Like Apple, Cisco Is Holding a Ton of Money Overseas
Cisco beat analyst expectations on both top and bottom lines.
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 Report has sitting overseas. Like fellow tech company Apple (AAPL) - Get 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.
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