Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Cisco Systems
So what: Non-GAAP EPS of $0.40 fell 7% year-over-year but beat the $0.38 consensus estimate. GAAP EPS of $0.22 fell 33% year over year, hurt by $768 million of restructuring and other charges. Revenue increased 3% year over year, helped by services revenue growth of 12%.
Now what: Networking rivals Juniper Networks
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