• +1-949-335-4314

Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • support@optionbanque.com

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Rosy Outlook Boosts Cisco Shares To Levels Not Seen for 15 Years

    • Home
    • Trade Ideas
    • Rosy Outlook Boosts Cisco Shares To Levels Not Seen for 15 Years
Nov, 16th 08:13

Shares of Cisco Systems Inc. rose drastically in the extended session Wednesday after the multinational technology conglomerate reported quarterly earnings that topped market estimates and forecast upbeat earnings outlook for the current quarter.

Cisco’s shares jumped more than 5.8 percent in after-hours trading on Wednesday after having closed the regular session up 0.21 percent. Shares were trading at as high as $36.10 – levels not seen for more than 15 years. The networking company posted fiscal first-quarter net income of $2.39 billion, or 48 cents a share, up from $2.32 billion, or 46 cents a share, in the year-ago period. Adjusted earnings were reported to hit 61 cents a share.

For the second fiscal quarter, Cisco forecast earnings to reach a range from 58 cents to 60 cents a share. Year-on-year revenue is expected to advance by 1% to 3%, to $11.7 billion to $11.93 billion. The forecast beat analysts’ expectations calling for earnings of 58 cents a share on revenue of $11.7 billion.

Trade suggestion

Buy Digital Call Option from 36.10 to 36.50 valid until 20:00 GMT November 16, 2017