Cisco Systems Outlook Soft On Slower Telecom Spending

By | November 12, 2014

Scalper1 News

Cisco Systems late Wednesday edged fiscal Q1 earnings and sales views, but its guidance for the current quarter missed as it struggles to recharge growth. The No. 1 maker of networking gear said demand for its core hardware products from service providers slowed, as did sales in China. Cisco Systems (CSCO) stock, down a small fraction in Wednesday’s regular session, was down more than 1% in after-hours trading after the company released results Scalper1 News

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