Will Cisco Soar After Earnings This Week?
Cisco Systems reports earnings on Wednesday this week. In this video, Motley Fool senior technology analyst Eric Bleeker tells investors why this is going to be the week's big notable technology stock to report earnings. Simply put, Cisco is still the most notable bellwether across networking and gives good insight into broader IT spending. He also covers the performance of some of Cisco's peers this earnings season and how several have taken beatings due to weak growth. Lastly, Eric notes that while company guidance is always important, it's beenthe largest determining factor in how tech companies performed after earnings across this season. He suggests that if there's one number that will drive the reaction to Cisco's earnings, forward guidance will be the area taking center stage when investors react to Cisco's earnings on Wednesday night.
Once a high-flying tech darling, Cisco is now on the radar of value-oriented dividend lovers. Get the lowdown on the routing juggernaut in The Motley Fool's premium report. Our report also has you covered with a full year of free analyst updates to keep you informed as its story changes, so click here now to read more.
The article Will Cisco Soar After Earnings This Week? originally appeared on Fool.com.Eric Bleeker, CFA owns shares of Cisco Systems. The Motley Fool recommends Cisco Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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