Cisco Systems Stock Dips on Mixed Earnings Report
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BTCCSquare news:
Cisco Systems (CSCO) shares fell over 1% Thursday despite narrowly beating fiscal Q4 revenue and earnings estimates. The networking giant posted $14.67 billion in revenue (8% YoY growth) and $0.99 adjusted EPS, both slightly above analyst expectations. AI infrastructure products emerged as a bright spot, with $2 billion in orders—double management's target.
Investors appeared disappointed by forward guidance projecting fiscal 2026 revenue of $59-$60 billion and EPS of $4.00-$4.06. The muted reaction occurred against a flat trading day for the broader market, suggesting Cisco's growth trajectory failed to meet heightened expectations in the tech sector.
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