6 May 2008

Cisco: caution prevailed before the quarterly.


With the image of the Nasdaq Composite (NASDAQ: news), Cisco was down on Tuesday before the publication of its quarterly accounts, tonight after the closure of U.S. markets.

Analysts predict an average turnover of 9.75 billion dollars, up 10% from one year to another, for earnings per share (EPS) of 36 cents.

'For my part, I waiting for me to a quarter without surprise with prospects for the new quarter just as cautious as those who had been reported for the past quarter', notes an analyst based in New York.

For the 4th quarter of fiscal group, which will close in July, the consensus expects a turnover of 10.3 billion dollars for EPS of 39 cents.

'It is important to emphasize that the quarter that ends in July is supposed to be a floor for the activity of the group due to seasonality in Europe, a base effect and temporary disruption of activity in China due the Olympic Games', notes the specialist.

'After that, the bases of comparison become friendlier and the existence of an offer rich in high-margin products paves the way to an appreciation of securities', he adds.

Around 10:30 am (New York time), the title Cisco repliait 1.5% to 25.9 dollars.



The stock markets are in the red at the approach of mid-session. If the Nasdaq (NASDAQ: news) has flirted with a time balance, the orientation of traditional values remains clearly negative. The experts stressed that the third consecutive quarterly loss Fanie Mae is indicative of the state of disrepair of the property sector in the USA. In addition, the new surge in crude oil prices could delay the recovery of the economy, analysts added. A 17H35, the Dow Jones (news) lost 0.36% to 12923.13 points while the Nasdaq Composite (NASDAQ: news) lost 0.12% to 2461.39 points.

Despite a deficit nearly five times larger than expected, Fannie Mae (NYSE: FNM - News) increased by 4.10% to 29.45 dollars on Wall Street. At the same time a third consecutive quarterly loss, the specialist U.S. mortgage refinancing announced a series of measures to enable it to cross the current financial crisis. The company cut its dividend in the third quarter because it expects further losses on loans until 2009 and it will soon raise 6 billion on the market in order to restore its own funds

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