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(Reuters) -Cisco Systems cut its full-year revenue and profit forecasts on Wednesday in a sign that demand for its networking equipment was slowing, sending the company's shares down more than 10% ...
Cisco forecast fourth-quarter revenue between $13.4 billion and $13.6 billion, compared with analysts' estimates of $13.23 billion, according to LSEG data. For the third quarter, revenue fell 13% ...
Cisco on Wednesday forecast fourth-quarter revenue between $13.4 billion and $13.6 billion, compared with analysts' estimates of $13.23 billion, according to LSEG data.
Since the stock’s spectacular crash, Cisco’s annual revenue has grown from around $12.5 billion to around $57 billion. Its annual net income has gone from $2.7 billion in 1999 — this flipped ...
Networking hardware giant Cisco Systems (NASDAQ: CSCO) beat analyst expectations across the board with its quarterly report last week, but the stock was punished, nonetheless. Revenue plunged 13% ...
The company's largest acquisition as of October 2023 is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [3] Cisco's previous largest acquisition was tied between Cerent Corporation and Scientific Atlanta for $6.9 billion in 1999 and 2005 respectively.
By Akash Sriram (Reuters) -Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that ...
U.S. stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong. Investors were ...