“Cisco stock falls 10%, the worst day in over a year”
November 17, 2023
“Cisco shares closed down 9.8% Thursday, marking the worst day since May 19, 2022 when the stock slipped 13.7%.
The fall comes a day after the company reported its quarterly earnings that beat on the top and bottom lines but gave weaker-than-expected revenue guidance for the fiscal second quarter. It also reduced its full-year revenue forecast.
The company cited a slowdown in orders as customers deployed Cisco products they had purchased in recent quarters…”
https://www.cnbc.com/2023/11/16/cisco-stock-falls-12percent-on-guidance.html