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Cisco Shares Fall in Premarket After Soft Guidance for Full Fiscal Year
Cisco reported quarterly EPS and revenue that beat estimates, but its shares fell 11% due to gloomy Q2 and full-year guidance.
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SOL$69.40-3.23%
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USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Cisco shares rose after the company unveiled its new Silicon One G300 AI networking chip, signaling a deeper push into AI data center infrastructure.
Cisco reported quarterly EPS and revenue that beat estimates, but its shares fell 11% due to gloomy Q2 and full-year guidance.
A positive black swan market event transpired on Thursday.