Title: WhisperNumber.com / Market Sentiment LLC
Headings: 
Cisco (CSCO) Earnings Preview
Highlights include:
Independent Academic Studies
'Conflict in Whispers and Analysts Forecast: Which One Should Be Your Guide'
'Do Bulls and Bears Listen to Whispers'
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Content: To learn more about these studies and how WhisperNumber.com has used the results to develop their unique trading tool called 'Whisper Reactors', select from one of the following links. 'Conflict in Whispers and Analysts Forecast: Which One Should Be Your Guide'
(published 2005, Financial Decisions Journal)
Results of this study conclude investor estimates for quarterly earnings (whisper numbers) provide greater returns when used as an investment vehicle, and have a greater impact on stock movement than analysts consensus estimates. Click here to learn more. 'Do Bulls and Bears Listen to Whispers'
(published 2007, Financial Decisions Journal)
A post-earnings announcement drift associated with the market reaction to analyst forecasts errors remains a puzzle. This study suggests that whispers help to explain part of the puzzle. The study examines the market reaction to whispers and analysts in bull and bear markets, and finds that investors listen to whispers in the bull market and whispers help explain the post-announcement drift. Click here to learn more. Reference Links: Financial Decisions (journal) and Academic Studies: