May 09, 2012 at 16:35 PM EDT
Cisco’s Q3 Profit, Revenue Top View (CSCO)

Networking equipment maker Cisco Systems, Inc. (CSCO) late Wednesday posted fiscal third quarter earnings results that narrowly beat Wall Street’s expectations.

The San Jose, CA-based company reported adjusted fiscal third quarter net income of 48 cents per share. Revenue rose 7% from last year to $11.6 billion.

On average, Wall Street analysts expected a slightly smaller profit of 47 cents per share, on slightly lower revenue of $11.58 billion.

Cisco shares closed slightly higher in Wednesday trading, but the stock was indicated lower following its after-the-bell earnings report.

The Bottom Line
Shares of Cisco Systems (CSCO) have a 1.70% dividend yield, based on today’s closing stock price of $18.78. The stock has technical support in the $16-$17 price area. If the shares can firm up, we see overhead resistance around the $20-$21 price levels.

Cisco Systems, Inc. (CSCO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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