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cisco share price: Cisco slumps over 12% after cutting annual profit, revenue forecasts

The company was set to lose more than $25 billion in market value, if losses hold, based on its share price of $46.90, after it lowered its projections for profit and revenue for fiscal year 2024 on Wednesday.

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Cisco made $20 billion-plus takeover offer for Splunk

Bid was made recently though companies aren’t currently in active talks, according to people familiar with the matter

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