Cisco Earnings Drive Telecom Equipment Higher

May 17, 2019 Off By readly

Market Recap for Thursday, May 16, 2019

Cisco Systems, Inc. (CSCO, +6.66%) reported its latest quarterly results after the bell on Wednesday, beating both revenue and EPS estimates, and provided a solid outlook.  It was just what the telecom equipment group ($DJUSCT, +4.53%) needed after trending lower for the past month and fading on a relative basis vs. the benchmark S&P 500:

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