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Cisco slides as first-quarter forecast disappoints

Cisco slides as first-quarter forecast disappoints

5 years ago
Anonymous $ZuTig1gZkQ

https://www.reuters.com/article/us-cisco-systems-results/cisco-slides-as-first-quarter-forecast-disappoints-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 7.6%.

Cisco slides as first-quarter forecast disappoints

Aug 14, 2019, 11:20pm UTC
https://www.reuters.com/article/us-cisco-systems-results/cisco-slides-as-first-quarter-forecast-disappoints-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 7.6%.