Cisco is the Real Web 2.0 Winner

Cisco looks like a massive winner here. Look at their 4th quarter results and guidance.

I am not bullish on the market. I am very concerned, but I have always been a holder of Cisco stock and I will continue to hold it.

Their results tonight were great - a 25% growth in profit and an 18% growth in revenue.

It seems clear that phone companies (and now cable companies after the Scientific Atlanta acquisition) have turned to Cisco for new gear to help deliver a triple play - Internet, TV and phone service - to consumers and businesses.

Cisco also raised its long-term revenue growth forecast to 12% to 17%.

Most importantly, John Chambers, has been very cautious about the company and about forcasts for the last seven years and has therefore regained credibility on Wall Street. Tonight, he said the internet is entering its second major phase, brought about by new technologies like social networking and online video. He said such trends will result in innovation and productivity increases for businesses, which will benefit Cisco. Chambers concluded: \"We believe there's an opportunity to be an instant replay to what occurred for Cisco in the very early 1990s.\"

Wow, did you hear that? This stock is ready to roll higher and higher!

Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to financial literacy and bank transparency. Since co-founding this website in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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Comments

  • fs

    August 08, 2007

    like i said, i am waiting to see $40 in 7 days.

  • JRodgers

    August 08, 2007

    $40 is well within reason. Back in 1999, everyone was looking for the next Cisco and the next John Chambers. It looks like they have finally arrived.

  • ciscofan

    August 09, 2007

    Agreed, the numbers are bullet-proof. Chambers is god, again.

  • joeywolocos

    August 09, 2007

    Ra-ra-ra Cisco. Let's party like 1999!

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