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Cisco Systems reported QE April 2017 financial results on May 17
Summary
- Cisco quarterly revenues failed to reach $12 billion and were down -0.5% YoY. Earnings per share were a surprisingly higher $0.60 and up +5.3% YoY.
- Cisco stock has pulled back from a March 1 multi-year closing high and May retests prior to the earnings report.
- Cisco’s Business Outlook for the next quarter is disappointing, forecasting both declining revenues and earnings per share YoY.
Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products and partners help society securely connect and seize tomorrow's digital opportunity today. Discover more at thenetwork.cisco.com and follow us on Twitter at @Cisco.
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