Why Cisco Systems Stock Sank on Thursday
Cisco Systems (NASDAQ: CSCO) wasn't a particularly popular tech stock on Thursday. Investors sold out of the stock following a quarterly earnings report that some found dissatisfying. This sank the share price by more than 1% on a day when the S 500 index basically traded flat.
Cisco unveiled its fiscal fourth-quarter and full-year 2025 results just after market close on Wednesday. These revealed that the storied computer networking company managed to boost its revenue by 8% year over year in the former period to $14.67 billion. That was slightly above the consensus analyst estimate of $14.62 billion.
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Source Fool.com
Cisco Systems Inc. Aktie
70,10 €
-1,35 %
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