Hey Cisco, Hey Poncho...
Yes, we are talking about Cisco Systems. Here is the latest.
Cisco Systems Inc. is on track to report solid quarterly revenue, but also is trying to inject life back into its stock, which investors increasingly see as a reliable yet staid portion of their portfolios.
Sales for the company's 2006 first quarter are expected to hit $6.6 billion -- strong, but flat compared to the previous quarter. That is too slow for investors who seek edgier stocks when they invest in the technology market, analysts said.
"People come to tech for that extra-special sizzle, not for the steak," said Stephen Kamman, an analyst at CIBC World Markets. "By buying into Cisco they're buying into a market that's more moderate."
The company is looking to its six "advanced technology" businesses as a way to shed the perception that its shares are on their way to being considered the technology industry's version of a "value stock."
This is a heads up if Cisco is an important player in your area.
Read more here.
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