Cisco shares rise on better-than-expected revenue and earnings

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Cisco beat quarterly estimates on the top and bottom lines.

 

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Not hard when you set the earnings bar so low that a toddler could jump over it. When I started to hear headlines of “better than feared” this earnings season to spark rallies I knew we were in for some major manipulation.

I don't do fundamentals, but do people feel good about beating street estimates if they are always so low.

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