Forecast sales growth raises shares in Cisco

Cisco Systems' shares surged Thursday after the company predicted faster sales growth than analysts anticipated, spurred by customer demand for gear that offers high-speed Internet and video downloads.
Sales will rise as much as 25 percent to $8.29 billion this quarter, the company's chief executive, John Chambers, said Wednesday after Cisco reported first-quarter revenue that also beat estimates. Analysts predicted $8.05 billion on average.

Source: Movers: Forecast sales growth raises shares in CiscoInternational Herald Tribune