Published:
"Seasonally Fine" Cisco Forecasts 4th Quarter Growth
By Mark Turn
Cisco (CSCO), the world's foremost manufacturer of computer networking hardware, today announced a return to hiring after laying off workers this past year and seeing a nearly 3,500 count decline in its total workforce over the same period.
The company also announced an increase in revenue forecasts for the first time in a year, citing rising orders for its routers and switches, whose demand has been on hold by customers fearing a lingering recession.
Reminding investors that there was still uncertainty in the marketplace and that revenues could drop if customers succumbed to a renewed recession-dread, the company forecast growth of 1-4% in the current quarter, ending in January, against analyst expectations of a decline. Share prices climbed 3.5% in extended trading.
Seasonal Cisco charts
Seasonal charts for the stock price [courtesy of
MarketTimingResearch.com] show that Cisco stock (CSCO) usually increases until year end and on through to January of next year. The market timing factor seasonal chart of Cisco's stock price during other recession periods also show the same increasing price pattern.
Tags: CSCO, Cisco, seasonal cisco, cisco hiring, seasonal chart
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