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Cisco's stock drops 7% on mediocre forecast even as earnings and revenue top estimates
CNBC· 2026-02-11 21:59
Cisco CEO Chuck Robbins appears at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026.Cisco reported better-than-expected quarterly results on Wednesday, but the stock dropped about 7% in extended trading as earnings guidance for the current period only met estimates. Here's how the company did in comparison with LSEG consensus:Earnings per share: $1.04 adjusted vs. $1.02 expected Revenue: $15.35 billion vs. $15.12 billion expectedCisco's revenue grew about 10% from $14 billion a year earlier, ...