Cisco Shares Deeply Undervalued As U.S. Spending Returns And Margins Stabilize

Cisco announced a solid set of Q1 FY 2013 results November 13th as revenues grew close to 6% and operating income 20% over the same period last year. The networking giant continued to perform better than rivals such as Juniper Networks despite a challenging macro-environment - a good sign that its turnaround efforts in shoring up key routing and switching businesses are paying off. Macro-economic concerns surrounding the Euro debt crisis however continued to weigh on network spending in Europe, ...