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Cisco slumps after cutting annual profit, revenue forecasts

Cisco slumps after cutting annual profit, revenue forecasts
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Why WMT-N, M-N, CSCO-Q and more stocks are seeing action on Thursday

A survey of North American equities heading in both directions

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Cisco slumps after cutting annual profit, revenue forecasts - Technology

Cisco tumbled 11% on Thursday after cuts to its annual forecasts raised fears that excess inventory with customers.

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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 Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Cisco Systems (NASDAQ:CSCO)

Cisco Systems, Inc. (NASDAQ: CSCO) is projected to release financial results for its first quarter fiscal year 2024, after the closing bell on Nov. 15, 2023.

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