Deprecated: Optional parameter $id declared before required parameter $images is implicitly treated as a required parameter in /home/bestsoca/public_html/marketmakeredge.com/wp-content/plugins/wp-smush-pro/core/modules/class-wp-smush-dir.php on line 893

Deprecated: Optional parameter $path declared before required parameter $images is implicitly treated as a required parameter in /home/bestsoca/public_html/marketmakeredge.com/wp-content/plugins/wp-smush-pro/core/modules/class-wp-smush-dir.php on line 893

Deprecated: Return type of WPSmushRecursiveFilterIterator::accept() should either be compatible with FilterIterator::accept(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/bestsoca/public_html/marketmakeredge.com/wp-content/plugins/wp-smush-pro/core/modules/class-wp-smush-dir.php on line 1175

Deprecated: Optional parameter $id declared before required parameter $wp_smush_data is implicitly treated as a required parameter in /home/bestsoca/public_html/marketmakeredge.com/wp-content/plugins/wp-smush-pro/core/modules/class-wp-smushit.php on line 383

Deprecated: preg_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-includes/kses.php on line 1729

Deprecated: preg_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-includes/kses.php on line 1729

Deprecated: preg_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-includes/kses.php on line 1729
Cisco’s Disastrous New Normal – Market Maker Edge Trading in Multiple Markets Skip to main content
Uncategorized

Cisco’s Disastrous New Normal

By February 13, 2014No Comments

Back in November, when Cisco reported that instead of a 4% increase in revenues it would have an 8-10% collapse in sales (thank you NSA and Edward Snowden) we penned “Something Is Very Wrong With This Picture.” And for those who hadn’t seen the chart, we urge you to click on the hyperlink. Moments ago CSCO reported earnings, which just barely beat the already sharply downward revised estimates, but more importantly it provided guidance on what to expected in the next quarter. Well, instead of reporting it, here is a chart of how the Company’s guidance looks now and relative to what Goldman was expecting CSCO would sell as recently as November. We like to call the new trendline: Cisco’s disastrous new normal.

But that’s not the worst news. The worst news, by far, was the following announcement from the conference call:

  • CISCO SEES 3Q ADDING DEBT TO FINANCE MATURING BONDS

In other words, issuing incremental debt to fund maturities. We hope, for its sake, that like all the developed world’s insolvent governments who do just that, that CSCO stock also doubles as a reserve currency. Then again, judging by the market reaction after hours, the answer is no.

Your rating: None Average: 4.8 (6 votes)