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$CSCO, which competes with $HPQ and $JNPR, said it anticipates 4Q16 non-GAAP gross margin rate to be in the range of 63-64%. Non-GAAP operating margin rate is expected to be in the range of 29-30% and the non-GAAP tax provision rate is expected to be 22% in 4Q16.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?