Ron Burgundy Posted November 12, 2015 Share Posted November 12, 2015 Network equipment maker Cisco Systems Inc's forecast adjusted profit and revenue growth for the second quarter below analysts' estimates, citing a slowdown in order growth and weakness in its enterprise business outside the United States. Shares of Cisco, considered a bellwether for the performance of the broader network gear industry, fell 5 percent to $26.41 in extended trading on Thursday. A strong dollar hurt demand for Cisco's enterprise products in Asia-Pacific, Canada and Latin America, said Chief Executive Officer Chuck Robbins, who succeeded long-time CEO John Chambers in July. View the full article Quote Link to comment Share on other sites More sharing options...
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