Cisco Systems (CSCO) stock plummeted 12.5% to a six-month low in early trading Thursday after the networking gear leader gave a disappointing outlook late Wednesday and missed on its fiscal Q1 revenue. Investment banks downgraded Cisco stock after the report. “We continue to believe that, as Cisco keeps trying to align itself to a shifting market, it will likely struggle through significant head winds over the next 12 to 18 months and make aggressive use
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Cisco Downgraded, Outlook Casts Doubts On Transition