As I mentioned yesterday, Cisco Systems (NASDAQ:CSCO) reported a decent F2Q17 that, while not impressive enough to cause excitement, marginally beat revenue and earnings expectations. The stock is up today nearly 3% intraday, but concerns over the company's service provider and network equipment (routing and switching) businesses are understandably causing the more cautious investors to scratch their heads.
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Revenue contraction in the quarter reached nearly 3%, worse than the 2% YOY decline observed in the trailing twelve-month period. Bears and skeptics now question: where's the top-line growth?