Cisco Stock Drops After Earnings

Published 2 months ago Negative
Cisco Stock Drops After Earnings
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Cisco Systems stock was down after the networking company reported fiscal-fourth quarter financials Wednesday night. Cisco reported fiscal fourth-quarter adjusted earnings of 99 cents a share on revenue of $14.7 billion. Revenue for Cisco’s networking segment, which brings in the most revenue for the company and includes gear used in AI data centers, was $7.63 billion, a 12% increase from the prior year.

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