Two stocks are moving and shaking the market today, and two tech companies go in completely different directions. How should investors take the news?
Today, in the "Movers and Shakers" segment of Investor Beat, Chris Hill and Motley Fool analyst Matt Koppenheffer rake through the two tech companies offering investors two completely different results.
First, Chris explains that, while Cisco Systems' (NASDAQ:CSCO) third-quarter profit fell 3%, investor expectations are still high, and shares of the tech giant are on the rise. Matt blames the economy for some of Cisco's falling numbers, but he also sees how competition for the major tech player presents some challenges for Cisco. Chris parallels Cisco's management team to Microsoft's (NASDAQ:MSFT), and wonders if CEO John Chambers' seat will be heating up because of the numbers.
The second mover of the day is Netqin Mobile (NYSE:NQ), and Chris sees the red flags from this tech company after it delayed the release of its annual report for the second time. Matt also wonders about the company, and references Muddy Waters Research, which called Netqin a fraud. Matt can't help but be worried about this stock for shareholders.