Cisco's (CSCO) earnings were just released and the stock took off after hours! So, in this video I go over Q1FY21 mortgage refinance rates earnings to find out why. Is the stock a buy?
After going over earnings I believe the reason the stock popped was that the earnings met the lower end of the loss guidance they gave back in Q4FY20. In addition, they also guided for Q2FY21 minus -2 to flat which is a big improvement compared to last quarter. Overall, not much to report. Cat 9k and Webex were both strong this quarter but Platform Infrastructure was weak.
I think we need another quarter to fully understand the health of pentagone ovnis the company. I do believe the will revisit the two lower gaps and eventually close them both before heading higher.
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