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CSCO Cisco Systems Inc

47.11
-0.01 (-0.02%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cisco Systems Inc NASDAQ:CSCO NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -0.02% 47.11 47.10 47.18 47.435 46.97 47.22 14,162,954 00:55:41

Cisco Shares Drop 6% as 2Q Guidance Misses Wall Street Targets

17/11/2021 10:01pm

Dow Jones News


Cisco Systems (NASDAQ:CSCO)
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From May 2021 to May 2024

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   By Maria Armental 
 

Cisco Systems Inc.'s stock slid 6% to $53.20 in after-hours trading on a weaker-than-expected outlook for the second quarter.

Cisco expects to make 64 cents to 68 cents a share this quarter, or 80 cents to 82 cents a share, with revenue increasing 4.5% to 6.5%. That compares with analysts' projected 70 cents a share in profit, or 82 cents a share as adjusted, with revenue increasing about 7.3% to $12.84 billion, according to FactSet.

 

Write to Maria Armental at maria.armental@wsj.com

 
 

(END) Dow Jones Newswires

November 17, 2021 16:46 ET (21:46 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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