Cisco Stock Tanks on Weak Forecast

Nov. 12, 2010
Cisco Systems (www.cisco.com) stock dropped nearly 17% percent yesterday, largely based on a weak second-quarter forecast of $10.2 billion, rather than the $11.1 billion analysts expected. The company showed unexpected shortfalls in the cable and non-federal pub...
Cisco Systems (www.cisco.com) stock dropped nearly 17% percent yesterday, largely based on a weak second-quarter forecast of $10.2 billion, rather than the $11.1 billion analysts expected. The company showed unexpected shortfalls in the cable and non-federal public sectors.