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Cisco’s alarming profit warning triggers stock plunge

12h

Cisco Systems experienced a brutal market reaction Thursday morning despite delivering better-than-expected quarterly results, highlighting how profit concerns can overshadow revenue achievements in the tech sector. The networking equipment giant’s stock plummeted more than 11% as investors focused on the company’s disappointing profit forecast rather than its solid sales performance. The San Jose-based company reported […]

The postCisco’s alarming profit warning triggers stock plungeappeared first onRolling Out.

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