Cisco Systems Inc. shares recorded their worst one-day drop in nearly a decade Thursday, following the network giant’s decision to circle the wagons in the form of cost cuts, as the company suffers from increasingly selective business expenses during the COVID-19 pandemic. Cisco CSCO, -11.18% shares, which fell as much …
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Cisco Systems Inc. reported financial results that were largely in line with the Wall Street estimate, but another revenue decline and accompanying soft income battled the stock in trading after hours Wednesday. The company also announced the retirement of longtime Chief Financial Officer Kelly Kramer, once a successor is found. …
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Cisco Systems Inc. will expect to benefit from technical expenditures of large companies despite the COVID-19 pandemic, but the struggle of smaller companies could take its toll. Cisco CSCO, -1.13% is scheduled to report fourth-quarter fiscal revenue on Wednesday afternoon, always a crucial barometer for IT spending, which turned out …
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Corporate profits have so far surpassed low expectations so far this winning season, but there are still a lot of wild cards left in the deck. Consensus S&P 500 SPX, + 0.06% income taxes rose only 3% for the third quarter and are not budgeted at all in the fourth …
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