Eye On Stocks For Wednesday

Cisco Systems reported solid results for the fourth quarter, boosting shares more than 9% in after-hours trading Tuesday. The networking giant posted a profit of 30 cents per share on revenue of $7.98 billion. Analysts polled by Thomson First Call expected Cisco to report earnings of 28 cents per share on revenue of $7.92 billion. Prudential Equity Group noted the company's generation of free cash flow remained strong and maintained an "overweight" rating on the stock. "Net-net, this appears to be a solid quarter of outperformance for Cisco, in a period when many of its competitors faltered and announced disappointing results."

Eye on Stocks for Wednesday