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 🙄.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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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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