Cisco Beats Earnings, Stock Drops | Business and Finance News

Cisco crushed Q4 earnings and revenue, beating Wall Street’s expectations with $17.3 billion in revenue—yet its stock plunged 9%. The company also delivered a strong next-quarter forecast, projecting $18B–$18.2B in revenue, again ahead of estimates. But some analysts question if the guidance is overly cautious, especially with the market’s current mood. CEO Chuck Robbins says they’re being deliberate as they start the new fiscal year, aiming to manage expectations. Still, others remain bullish, seeing Cisco as well-positioned to capture more market share amid rising cloud spending. A classic case of the market reacting to cautious guidance—even when the numbers are stellar. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0adbb4c82b083f86