Should You Sell Cisco Stock After Its Second-Quarter Earnings?
Cisco's (NASDAQ: CSCO) stock recently tumbled after the networking giant posted its second-quarter numbers. Its revenue fell 4% annually to $12 billion, beating estimates by $30 million. Its non-GAAP net income stayed flat at $3.3 billion, but buybacks lifted its EPS 5% to $0.77 and topped expectations by a penny.
Cisco cleared Wall Street's low bar, but it still grew at its slowest rate in over two years. Should investors stick with the sluggish tech giant and wait for a cyclical rebound? Or should they sell Cisco and move on to more promising tech stocks instead?
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Source Fool.com
