Cisco Trading Higher After Earnings Report Today

It should be interesting to see where Cisco opens up tomorrow.
The company released its earnings report today, beating analysts’ expectations by indicating net sales for their third quarter had increased $10.4 percent to $9.8 billion  The company also stated their profits fell in the same quarter by 5.4 percent, citing acquisitions as the culprit.
The street reacted favorably to the report, with the stock closing up 5 cents at $26.33.
As of the writing of this report around 6 p.m., the stock is actively trading even higher at 26.63.
The message boards are currently buzzing over Cisco’s report.

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