Cisco Shares Drop 6% as 2Q Guidance Misses Wall Street Targets
18 November 2021 - 9:01AM
Dow Jones News
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)
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