Veteran analyst drops a shocker on Cisco

Cisco (CSCO) should be on cloud nine right now. The software giant posted another strong quarter. Everything, on a fundamental level, is going well: record revenue, double-digit growth, and a tangible surge in AI-driven demand; if these are not reasons to celebrate, I do not know what is. Yet its share price fell following the earnings release. What gives? Ugly gross margins. I've covered tech cycles for several years now. What I've learned thus far is that the tech market has its own set of inflection p ...