On Thursday morning, shares of Cisco Systems (CSCO) hit a new 52-week high after the company's fiscal Q2 earnings report. While the company did beat on the top and bottom line, it wasn't a blowout by any means and the guidance was not spectacular. With shares surging currently along with the market, investors looking to buy probably want to wait for the next pullback.
Cisco beat on the top line, but was well within its quarterly guidance. The most significant number, in my opinion, was the non-GAAP penny per share beat, which was the