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Cisco Systems (Nasdaq: CSCO ) beat estimates on both the top and bottom lines when it reported third-quarter earnings last night. The stock rose more than 5% in the immediate afterglow, but CEO John Chambers wants more.
In a conference call with analysts Tuesday night, Chambers described a plan to provide cellular base stations that would, in effect, enhance carrier networks in densely populated areas. "We're going to move into small sale, and then we'll combine small sale with [service provider] Wi-Fi, with 3G, with 4G, with our architectural plays, with applications and programmability and flexibility," Chambers said.
A risky move? Perhaps, but it's one that Tim thinks is needed, as he explains in the following video.
Once a high-flying tech darling, Cisco is now on the radar of value-oriented dividend lovers. Get the lowdown on the routing juggernaut in our premium report. Our report also has you covered with a full year of free analyst updates to keep you informed as their story changes, so click here now to read more.