Cisco (CSCO) Shares Move Lower as Q1 Sales Guidance Comes in Below the Street
CSCO Hot Sheet
Revenue Growth %: +6.4%Financial Fact:
GROSS MARGIN: 7.17B
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Cisco (Nasdaq: CSCO) shares have just fallen another couple percentage points in the after-hours session following Q1 sales guidance from CEO Jon Chambers on the tech-bellweather's Q4 conference call.
The exec said sales are expected to rise about 18-20%, or to about $10.64-$10.83 billion. The Street is currently looking for quarterly sales of about $10.95 billion.
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The exec said sales are expected to rise about 18-20%, or to about $10.64-$10.83 billion. The Street is currently looking for quarterly sales of about $10.95 billion.
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