Cisco stock drops in extended trading despite Q4 earnings and revenue beat, as Wall Street seeks stronger AI role
Cisco's shares fell after the company reported fiscal fourth-quarter earnings and revenue that topped analyst estimates. The networking giant posted a net income of $3.9 billion, or 97 cents per share, up 51% from a year ago, on revenue that climbed 18% to $17.346 billion (from $14.7 billion a year earlier). Cisco also issued a strong revenue forecast for the current quarter, projecting $18 billion to $18.2 billion, exceeding the average estimate of $16.8 billion. Despite these beats, the stock declined as investors had pushed shares up over 60% this quarter on optimism for a larger role in the AI boom, indicating Wall Street was looking for even stronger signals.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Why are central banks around the world researching and advancing digital currencies?
-
2
What was the issuing price of DOUG? Doug The Duck Launch Price Explained
-
3
What is the value of BCDN token? Is BCDN token a good long-term investment?
-
4
Analysis of the Top 10 Global Mainstream Cryptocurrency Trading Platforms
-
5
Global Mainstream Cryptocurrency Exchange Review: Compliant Exchanges and Core Evaluation Metrics
-
6
Wall Street Journal: Nvidia Stopped Disclosing Singapore Revenue Last Year, Fueling Further Speculation About Megaspeed
-
7
Unveiling the Top 10 Cryptocurrencies in the World: Who Will Lead the Future of Digital Finance?
-
8
Wu Blockchain citing Mlm: Open interest in NVDA perpetual contracts on Hyperliquid reaches $535 million
-
9
How is AIOZ Coin? An Analysis of AIOZ Network's Project Mechanics and Development Outlook
-
10
Analysis of Trump Coin Volatility and the Trump Organization's Metaverse Trademark Strategy
Markets Today
Recommended Reading









