[May 28, 2012] Earnings Look Back: Cisco Systems Is Down 13.0% Since Reporting Quarterly Results 2 Weeks Ago (CSCO) Tweet May 28, 2012 (SmarTrend(R) News Watch via COMTEX) -- When Cisco Systems (NASDAQ:CSCO) reported earnings two weeks ago on May 9th, 2012, analysts, on average, expected the company to report earnings of $0.47 on sales of $11.6 billion. The company actually reported EPS of $0.48 on sales of $11.6 billion, beating EPS estimates by $0.01 and beating revenue estimates by $14.1 million. Since the company's report, shares of Cisco Systems have fallen from $18.78 to $16.33, representing a loss of 13.0% in the past 19 days. Over the past year, Cisco Systems has traded in a range of $13.30 to $21.30 and is now at $16.33, 23% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1.8%. SmarTrend recommended that its subscribers protect gains by selling shares of Cisco Systems on April 24th, 2012 by issuing a Downtrend alert when the shares were trading at $19.60. Since that call, shares of Cisco Systems have fallen 16.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]