Earnings Reports to Watch: Cisco Systems (CSCO)
Cisco Systems, Inc. (NASDAQ:CSCO) effectively wraps up the cycle on Thursday after the close. On the one hand, expectations here have been low since November, which is the last time anyone seriously thought this one-time high-tech bellwether was still growing its business.
However, the stakes are relatively high because we’ve already endured so much exaggerated carnage in the technology group this season.
If CSCO can break the second-quarter curse and bounce on any combination of numbers and outlook, I think it’s a great omen for the Nasdaq’s ability to get back to exploring fresh record levels. Otherwise, there’s not a lot of joy in tech right now.
From the reaction to NVDA’s results overnight, I’m inclined to think the numbers don’t really matter as much right now. It’s all about gaming sentiment at this point.
Hilary Kramer is the editor of GameChangers, Breakout Stocks, High Octane Trader, Absolute Capital Return and Value Authority. She is an accomplished investment specialist and market strategist with more than 25 years of experience in portfolio management, equity research, trading, and risk management. She has extensive expertise in global financial management, asset allocation, investment banking and private equity ventures, and is regularly sought after to provide her analysis on Bloomberg, CNBC, Fox Business Network and other media.