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MarketWatch and Learn: Cisco turns investor concerns into positives with strong earnings

Bearish investors have had a list of concerns about Cisco Systems Inc., but on Wednesday, the networking giant seemed to tick off many items on those lists and knock them down, one by one.

Earlier, Cisco CSCO, -0.78% reported better-than-expected results for its fiscal first quarter, buoyed by strong product sales across the board and all geographies. Its shares jumped 5% in after-hours trading Wednesday, while the Dow Jones Industrial Average DJIA, -0.73% and the S&P 500 Index SPX, -0.66%SPX, -0.66%SPX, -0.66% , both of which include Cisco as a component, closed off about 0.8%.

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