Cisco Shares Dip To 4-Month Low Ahead Of 3Q 2012 Earnings
May 7, 2012
Cisco Systems (CSCO) is slated to report 3Q 2012 earnings after the close of trading on Wednesday, May 9. The results are typically available at 4:05 p.m. EST and will follow with a conference call at 4:30 p.m. Given its size and influence, Cisco has the potential to impact the broader market gauges, including the index futures and large-scale ETFs.
Cisco shares have come under pressure in recent months, due to softness in Europe and the macro weakness in the Asia Pacific region, along with intensifying competition. But with the shares now trading at less than 10x forward earnings, an improving domestic enterprise backdrop, stabilizing margins…
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