Cisco Systems Inc said on Wednesday that impending U.S. tariffs and Chinese cust...
- Cisco Systems Inc said on Wednesday that impending U.S. tariffs and Chinese customers shunning the networking company’s gear were weighing on its business, and it forecast sales and profit below Wall Street targets.
“We’re not being allowed to even participate anymore,” Cisco Chief Executive Chuck Robbins told investors on a conference call. Shares of Cisco, a Dow component, fell 3.4% in the runup to results amid broader declines in the market, and dropped 8% to $46.53 in after-hours trading.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cisco drops on poor guidance, says China business dropped 25%Cisco beat in its key Infrastructure Platforms segment, but the company's guidance for the next quarter came in below the levels analysts were anticipating.
Leer más »
Cisco drops more than 7% after soft guidanceCisco beat in its key Infrastructure Platforms segment, but the company's guidance for the next quarter came in below the levels analysts were anticipating.
Leer más »
The charts are pointing to a rally for Cisco on earnings, says traderCisco is reporting earnings Wednesday, and one trader says the stock's about to bounce back.
Leer más »
Stocks making the biggest moves after hours: Cisco, NetApp and VipshopSee which stocks are posting big moves after the bell.
Leer más »
Commerce Secretary Wilbur Ross: Tariff delays were not a trade 'quid pro quo' with ChinaCommerce Secretary Wilbur Ross appears on 'Squawk Box.'
Leer más »
Trump backs off China tariff plan with delays for cellphones, laptopsPresident Donald Trump on Tuesday backed off his plan to impose 10% tariffs on r...
Leer más »