I read Cisco’s earnings announcement today and thought to myself that this is a company I just haven’t paid much attention to in years, despite the fact that they are one of the most important companies in the industry. I guess while I have been snoozing a lot of traders have been paying attention to the impressive numbers they have been putting up.
MercuryNews.com | 02/07/2007 | Cisco profit, revenue surge in second quarter:
The company said second-quarter sales grew 27 percent to $8.4 billion from $6.6 billion for the same period last year. Chambers said revenue in the next three months will rise 19 percent to 20 percent year over year — a target that is again above analysts’ expectations.
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