Cisco Back in Black with Strong Earnings - NBC Bay Area
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Cisco Back in Black with Strong Earnings

Actual numbers are ahead of Wall Street guesses.



    Cisco Back in Black with Strong Earnings
    Tech giant Cisco makes its profit numbers this quarter.

    The numbers are in for one of the most widely held stocks:  Cisco Systems revenue is a bit above Wall Street expectations; earnings per share are also ahead of the guesstimates -- both good news for stockholders.

    An added bonus: Cisco also announced a boost in the cash dividend it pays to investors.

    Cisco (CSCO) is really at a crossroads. The company recently admitted that its famous growth was slowing, and it announced a widespread set of layoffs aimed at cutting costs.  Cisco has not been the flag-bearer for the tech industry in many years, but it's been a consistent cash generator, and has tried to broaden its portfolio, all things that investors like.

    CEO John Chambers is also being watched closely.  He's a Silicon Valley legend, and while earning his accolades, has also been asked by some investors, "What have you done for me lately?"

    This gives him a chance to respond.

    Do you still hold Cisco? Scott can be found on Twitter: @scottbudman