Cisco Stock Surges On High Speed Internet Demands

Technology stock Cisco gained the most they have in 9 moths after the company increased its sales forecast.

Cisco sales are expected to increase on demand for high-speed Internet gear and Web-based phone systems.

Cisco is the world’s largest manufacturer of computing networking equipment and it announced yesterday that it expected revenue to climb 12 percent to 17 percent a year, compared with a previous prediction of as much as 15 percent.

This growth is predicted to accelerate as consumers buy faster network equipment to handle more advance applications like online videos.

Shares of San Jose, California-based Cisco rose $1.75, or 5.9 percent, to $31.44 at 9:34 a.m. New York time in trading on the Nasdaq Stock Market.

Do you think Cisco can make these sales forecasts?

Can Cisco stock continue to rise?

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