3 Things Cisco Systems' Management Wants You to Know
Networking equipment veteran Cisco Systems (NASDAQ: CSCO) reported respectable results in the first quarter of fiscal year 2020. Sales rose 0.7% year over year to $13.2 billion, and adjusted earnings increased by 12% to $0.84 per diluted share. In both cases, Cisco's reported results edged out Wall Street's consensus estimates.
The company also issued second-quarter guidance far below analyst expectations, triggering a sharp sell-off of Cisco's shares. After publishing the report on Wednesday evening, the stock closed Thursday's trading session 7.3% lower.
But the numbers rarely tell the whole story. Let's take a dive into Cisco's earnings call, where management added color commentary and insights you simply won't find anywhere else.
Source Fool.com
