Newer businesses drive Cisco's earnings beat; shares rise

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Cisco Systems Inc reported better-than-expected quarterly earnings on Wednesday,...

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Cisco shares rise on better-than-expected revenue and earningsCisco beat quarterly estimates on the top and bottom lines. I don't do fundamentals, but do people feel good about beating street estimates if they are always so low. 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.
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Cisco stock rises on earnings beat, outlook
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Stocks making the biggest moves after hours: Cisco, AIG, Yelp and moreSee which stocks are posting big moves after the bell on February 13. Cisco uses share buybacks to manipulate and financially engineer the earnings to hit consensus, but miss on revenue that had a low consensus to begin with and the stock rallies. Other stocks have been demolished for the same. Oh yeah, they announced more buybacks 🙄.
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Cisco CEO Chuck Robbins calls for a federal privacy law, throwing a spear at internet companies who sell advertisingCisco wants to lead the charge in common-sense privacy regulations. If it succeeds, it will be good for its business, and maybe everyone else's, too.
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A power shift is happening in the streaming TV market, and it could have brutal consequences for AT&T and DishMore TV viewers are leaving internet-based TV services like Sling TV for newer options like Hulu with Live TV.
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