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Stock impact report

Cisco's stock drops 7% on mediocre forecast even as earnings and revenue top estimates [MSNBC.com]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: MSNBC.com
CiscoHere's how the company did in comparison with LSEG consensus: per share:Cisco's revenue grew about 10% from $14 billion a year earlier, according to astatementFor the current period, Cisco expects $1.02 to $1.04 in adjusted earnings per share and $15.4 billion to $15.6 billion in revenue. Analysts polled by LSEG were looking for $1.03 per share and $15.18 billion in revenue.Investors have been looking for Cisco to play a more central role in the artificial intelligence boom, which has lifted chipmakers and providers of other data center technologies. Cisco is seeing some growth acceleration, reporting $2.1 billion in infrastructure orders from hyperscalers during the quarter.Cisco's core networking revenue increased 21% from a year earlier to $8.3 billion. Analysts polled by StreetAccount were looking for $7.9 billion.During the quarter, Cisco said it wouldprovide productsAdvanced Micro DevicesannouncedNvidia"On the sovereign side, there's really no real need nor expectation for Show less Read more
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