Cisco Systems Inc. (CSCO) reported fourth quarter non-GAAP net income of $0.47 per share after the bell Wednesday, up from $0.40 per share in the previous year. The consensus estimate was for EPS of $0.46. The company also announced that it is increasing its quarterly dividend for the first quarter of fiscal 2013 by 75%, to $0.14 per share.
Cisco Systems gapped open sharply higher Thursday and climbed further around the middle of the afternoon. The stock closed up by 1.67 at $19.02 on strong volume. Cisco surged to over a 3-month high and re-crossed its 200-day moving average.
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