Cisco Systems (CSCO) - Bull Of The Day
By Zacks Investment Research on August 13, 2009 | More Posts By Zacks Investment Research | Author's Website
Cisco Systems’ (NASDAQ:CSCO) fourth quarter results were a significant improvement over prior quarters, with both revenue and earnings growing sequentially.
Of particular note is the growth in orders, which indicates a bottom for CSCO. Improving operating performance, solid financials, a sound restructuring policy and new growth initiatives are the drivers behind our Outperform rating.
However, we caution investors about the increasing competition, market share losses, complicated decision making process and integration risks.
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