Cisco Sees Revenue Drop Amid Weak Demand
First-quarter results beat analysts' estimates but the revenue guidance for the current quarter helped send Cisco shares down 5.1%.
Cisco Warns of Soft Growth Amid Trade Tensions
“We definitely saw significant impact on our business in China as it relates to what's going on with the trade war right now."
Cisco Beats Estimates, Forecasts 5-7% Growth
“We’re seeing the returns on the investments we are making in innovation and driving the shift to more software and subscriptions," CFO Kelly Kramer says.
Cisco Shares Jump on Return to Sales Growth
“We are seeing the benefits of the strategy we started executing on 10 quarters ago,” CFO Kelly Kramer says.
Cisco to Break 2-Year Streak of Declining Sales
The company's shares rise nearly 6% as it predicts revenue will rise 1% to 3% in the next quarter.