Cisco Systems Promises Growth But Guidance Lags

By | November 13, 2015

Scalper1 News

Cisco Systems (CSCO) stock gapped down Friday to a six-week low after the company gave lower-than-expected guidance late Thursday, with investors not appeased as yet with CEO Chuck Robbins’ message that better days are ahead. The company’s earnings and sales for its fiscal Q1, ended Oct. 24, beat Wall Street expectations, but its Q2 guidance missed. “We’re doing all the right things to drive our growth,” CEO Chuck Robbins said on the company’s Scalper1 News

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