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Cisco (CSCO) Stock Falls Following Revenue Miss and Unchanged Guidance, Analyst Says Buy the Dip
November 18, 2021 6:43 AM ESTCisco Systems (NASDAQ: CSCO) shares are down 7% in pre-open Thursday after the company reported mixed FQ1 results.
Cisco reported FQ1 EPS of $0.82, in-line with the analyst estimate of $0.82. Revenue for the quarter came in at $12.9 billion, below the consensus estimate of $13.03 billion.
"In Q1, we had robust growth and continued strong demand despite the very dynamic supply environment. Cisco's technology sits at the heart of the accelerated digital transformation happening today. Our breakthrough innovation, strong demand, and the success of our business transformation... More
