Despite Cisco's Q2 double beat and its fiscal year guidance exceeding Wall Street's consensus, the stock still fell by 8 points since the earnings report. How and Why?
19 replies (most recent on top)
Cisco is an EN business
This is down
Investors are not patient
Show growth and innovation or sink
If apple's iPhone being down in sales and they try to cover that hole with AI and automation and acquisitions it would behave similarly
Thats a straight question to ELT ...Not for Public or Investor
So people can buy the dip
The dip from $82 in March of 2000 is still going on. According to the BLS inflation calculator that would be $150.18 as of April 2024. Cisco isn't even a volatility play at this point.
Because smart money knows that Cisco is in a managed decline, and they are carefully milking every last drop.
It's over.
Bummer, using span didn't work.
Trying LaTeX syntax.
Roses are \textcolor{red}{red}, violets are \textcolor{blue}{blue}.
@1azt+1sDKvfiL, how did you get colored text here?! Very cool.
Testing markdown/html syntax:
Some Markdown text with some blue text.
using (open angle bracket>span style="color:(color)"(close angle bracket)text to be in (color) color(open angle bracket)/span(close angle bracket)
The employees continue to bear the brunt of the ELT decisions.
Your developers don't have development skills. It's not just the fault of the ELT.
The company has been mired in a daze for a decade with poor ELT selections, ineffective company strategy to transition from hardware to software and acquisitions that has the Street wondering what is going on. The latest earnings were not impressive nor they they show the company is going on the right path.
The employees continue to bear the brunt of the ELT decisions.
Story time. Back in the day (before Covid) I went to my local hospital (one of the largest HMO's in the US) and it was a Cisco shop, top to bottom. Phones, wireless routers, and webex. They bought so much cisco it was its own territory back in the day. Then all the sudden Microsoft and HP went after it. Now I have video appointments with my Dr on Microsoft Teams and when I do go into the office I see aruba routers on the ceiling.
The massive account was ours to lose. All of the best sales people have left, all the best post sales people have either been LR'd or left. Cisco has no R&D or new products in the hopper. Cisco is eating its own po-p because it can't keep good talent. Who wants to work for a company that lays you off every three months?
It "fell" because we have people employed like you who can't construct a sentence.
Too bad they don't pay us for our grammar, we would probably be in a better financial situation
Some of you speak English and that's it.
A bilingual employee is, everything else being equal, better than an employee who speaks English, perfect English, but with nothing to say. ELT speaks perfect English, no doubt about it and look where that got us.
Stock price reflects the fear of today and the hope for tomorrow.
Cisco, for almost a decade, falls after the earnings announcement and then, after some digestion, the stock starts to creep up.
No brainer-HW sales were down 18% while all the good reps that left Cisco over the past decade continue to replace Cisco gear with better solutions
It "fell" because we have people employed like you who can't construct a sentence.
the only reason for the climb after the earnings calls was all of the schmucks that had put Calls at $52 and $53 that had to pay up after the bell
So people can buy the dip
Why not?
Scott was literally begging everyone to buy on the low today. That tells you everything that is to know. Investors hear about firing the EVP of Sales and that doesn't help anyone's confidence
Because the investors stopped believing the years and years of spouting the same BS. Scott met with the important ones yesterday and they all sold today. What does that tell you about their confidence in him, and the company?
CSCO did climb after hours immediately following the earnings call.