Broken Networking?

February 10, 2011 Nicholas Santiago

This morning the tech heavy NASDAQ Composite is trading sharply lower ahead of the opening bell at 9:30 am EST. The decline comes as Cisco Systems Inc. (NYSE:CSCO) reported earnings last night. The stock is selling off by $2.25 to $19.80 a share this morning. This is a better than 10.0 percent haircut in this leading networking stock.

Other leading networking stocks could be under pressure today in sympathy to the Cisco Systems earnings. Juniper Networks Inc. (NASDAQ:JNPR), Riverbed Technology Inc. (NASDAQ:RVBD), Finisar Corp. (NASDAQ:FNSR), and F5 Networks Inc. (NASDAQ:FFIV)are some of the stocks that will be in play today. Networking stocks will be in focus this morning after the negative Cisco Systems earnings reaction.

About Nicholas Santiago 575 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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Broken Networking?

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