Cisco And Akamai Are Getting Crushed After Hours, So NASDAQ Futures Are Diving


It’s going to be a pretty ugly day tomorrow for big tech. At least if the action right now is indicative.

Two big names are diving.

The first is Cisco, which is down 7% after hours on pretty meh earnings. The number was fine, but on the call the company has revealed margin pressure, and this is basically looking like a repeat of last quarter when the stock tanked after earnings.

The other is Akamai, which is also down hard, on a revenue outlook that’s less than impressive. The revenue outlook was well below expectations.

With these two players diving, it’s no surprise that NASDAQ-100 futures are getting whacked after hours, indicating a slide of more than 0.5%.

Tech, of course, has been particularly hot of late.

Might this let the air out of the bubble….