Cisco's Strong Q3 Results Fail to Boost Stock Amid Cloudy Growth Outlook.

Cisco Systems Inc. has underperformed compared to big tech stocks, with shares stagnating for five years and remaining more than 40% below a record hit in 2000. While the firm ticks some of the defensive boxes that have served as a boost to big tech this year, its growth is expected to slow in coming years at a time when investors are seeking acceleration. Cisco’s drab outlook is reflected in its valuation, which is likely to limit downside risk, although more bearish outcomes are possible with the results.