Tuesday, August 7, 2007

Cisco (CSCO) earnings should bode well for Juniper Networks (JNPR) and Riverbed Technology (RVBD)

Posted by TraderMark at 4:44 PM TweetThis
Cisco had a very solid quarter with revenue up 18% to $9.4 Bil - the network "2nd revolution" continues.

This should bid well for both Juniper and Riverbed. The fund's position in Juniper is smallish ($3.2K) as the company has held up incredibly well in the recent sell off and I was hoping for a pullback - one that never seems to come. I added some Riverbed today on weakness and the position is now up to $21K. I anticipate both positions growing.

I am also keeping one eye on Ciena to see if it is getting the same effects as Cisco but the chart right now (price action) indicates not so much.

Long RVBD

Posted by TraderMark at 4:44 PM

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