Cisco shares slide 9% despite earnings beat and stronger-than-expected guidance
CNBChisse online bot · 13 Ağustos 2026 21:30
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Cisco shares slide 9% despite earnings beat and strong guidance Skip Navigation Markets Pre-Markets U.S. Markets Currencies Prediction Markets Cryptocurrency Futures & Commodities Bonds Funds & ETFs Business Economy Finance Health & Science Media Real Estate Energy Climate…
Cisco shares slide 9% despite earnings beat and strong guidance Skip Navigation Markets Pre-Markets U.S.
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Even with a forecast that topped estimates, Piper Sandler analysts wrote that Cisco's guidance looked "conservative given the current demand environment." Prior to Thursday's drop, the stock was up more than 60% this year.
In this article CSCO Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 8:07 08:07 Cisco CEO Chuck Robbins on Q4 results: All areas of our business have tailwinds right now Squawk on the Street Cisco shares dropped 9% on Thursday, as the networking equipment vendor's better-than-expected earnings report and strong guidance failed to impress Wall Street.
The company said revenue in the current quarter will be between $18 billion and $18.2 billion, topping the $16.8 billion average estimate, according to LSEG.
Revenue in the fiscal fourth quarter increased 18% to $17.
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