Cisco Systems Taps Record High Before Earnings
Shares of Cisco Systems Inc (NASDAQ:CSCO) are trading 0.3% lower at $98.44, as investors gear up for the company's fiscal third-quarter report, due out after the close tomorrow, May 13. Zacks Research is anticipating earnings per share (EPS) of $1.04 on revenue of $15.58 billion, a 10.1% jump in revenue from the same quarter a year ago.Over the past two years, CSCO has had a mixed reaction to earnings, finishing the next session lower after four of the last eight reports, including a 12.3% drop in February. ...