CSCO - knocked lower on good earnings

Despite posting good earnings, Cisco Systems (CSCO) was knocked significantly lower by a market that is frustrated about lack of future growth prospects, settling -4.0% at $31.04. First soft support is the psy' level of $30.00, then the core $27s, and rising support (from 2011) in the $25s.


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Summary

Investor relations home: https://investor.cisco.com/investor-relations/overview/default.aspx

Earnings slideshow:  https://s2.q4cdn.com/230918913/files/doc_presentations/2017/Q4FY17-Earnings-Slides-FINAL.PDF

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With Q2 EPS of 61cents, this is a company that is generating around $2.40 pa... something that Tesla (and many other famous companies) could only dream about.

The current valuation offers a forward PE in the 13s, with a yield of around 3.6%.

On any basis, that is on the very low side. Of course.. the current 'twisted' mindset of the mainstream places more value on revenue growth than actual earnings.

In any case, if you believe the 'bullish train will remain on the tracks' into 2018, then Cisco should rise, at least to some extent.