Subscribe RSSUnfortunately, the statement of cash flows for the six-month period didn't match the impressive earnings growth. Cash from operating activities took a dive of over 30%. There was still a significant amount of money left over after capital spending and acquisition activities, however. Long-term debt on the balance sheet has increased, although you can interpret that as an investment for the future (and let's not forget that there's a lot of cash and investments on the books to compensate for the debt level).
Overall, though, I found the earnings report to be satisfactory. I look favorably upon the two purchases mentioned in the release -- Cisco completed the transactions with ScanSafe and Starent Networks -- and I perceive the company's long-term prospects as being strong. As Trey Thoelcke mentioned in his preview , the forecast and valuation on the business is relatively positive.
