"Cisco's Stock Tumbles on Disappointing Earnings and Revenue Outlook"
TL;DR Summary
Cisco Systems reported fiscal first-quarter earnings that beat estimates, but product orders declined. The company's guidance for the current quarter fell short of expectations, with lower earnings and sales forecasts. Cisco stock tumbled approximately 11% in extended trading. The company is shifting its focus towards software and services through acquisitions, such as the planned purchase of software company Splunk.
- Cisco Stock Falls As Earnings, Revenue Outlook Miss Estimates Investor's Business Daily
- Cisco (CSCO) Q1 earnings report 2024 CNBC
- Cisco stock plunges after cutting full-year revenue forecast Yahoo Finance
- Cisco plunges as it lowers full-year revenue guidance as new orders slow Seeking Alpha
- Cisco Reports First Quarter Earnings Cisco Newsroom
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