Despite the bearish sentiment in the market at present, Cisco Systems' mixed second-quarter results were enough to take its stock higher. It wasn't a flawless report, but the tech giant did enough to dispel fears of an impending collapse in IT spending. Meanwhile, its transition toward more software and software-as-a-service (SaaS) based revenue continues to gain traction, even while its end markets are under pressure. It was definitely a mixed report, so let's take a look at the details.
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