Cisco forecasts first-quarter profit below estimates; shares slide

Cisco forecasts first-quarter profit below estimates; shares slide

5 years ago
Anonymous $ZuTig1gZkQ

https://www.reuters.com/article/us-cisco-systems-results/cisco-forecasts-first-quarter-profit-below-estimates-shares-slide-idUSKCN1V424I

Cisco Systems Inc forecast current-quarter profit below Wall Street estimates on Wednesday as it struggles to transition to a software-focused company from its traditional business of selling routers and switches, sending shares down 7% in extended trading.

Cisco forecasts first-quarter profit below estimates; shares slide

Aug 14, 2019, 9:28pm UTC
https://www.reuters.com/article/us-cisco-systems-results/cisco-forecasts-first-quarter-profit-below-estimates-shares-slide-idUSKCN1V424I >Cisco Systems Inc forecast current-quarter profit below Wall Street estimates on Wednesday as it struggles to transition to a software-focused company from its traditional business of selling routers and switches, sending shares down 7% in extended trading.