Cisco’s peers failed to meet analysts’ earnings estimates
In the last part of the series, we discussed how some of the tech giants managed to beat analysts’ estimates in this quarter’s earnings season. Keeping up with this trend, #Cisco ( #CSCO ) could also beat all of the earnings estimates and provide strong fiscal 1Q16 results. However, Cisco’s peers in the hardware space like #EMC (EMC) and #F5 Networks (FFIV) provided weaker-than-expected results in the last quarter.
EMC’s stock fell by about 7% in the last month after a weaker earnings announcement. Currently, EMC in the process of getting acquired by Dell. EMC’s virtualization software and services arm, #VMware (VMW), will still be an independent company even after the merger.
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