Cisco stock plunges on light guidance after product order slowdown
Publishing timestamp: 2023-11-15 17:38:13
Summary
Cisco's quarterly results exceeded expectations, but the company's guidance for the future disappointed investors. The slowdown in product orders was attributed to clients implementing Cisco offerings they received in previous quarters. Cisco's shares dropped by 13% in extended trading.
Sentiment: MIXED
Keywords: breaking news: technology, nvidia corp, earnings, cisco systems inc, breaking news: earnings, enterprise, business, business news, splunk inc, technology,
Source: https://www.cnbc.com/2023/11/15/cisco-csco-q1-earnings-report-2024.html