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Mangeet Kaur Bouns

Is Cisco Systems a Buy After Mixed Earnings Results?

CSCO Cisco Systems Mangeet Kaur BounsMangeet Cisco Systems, Inc.

San Jose, California-based Cisco Systems, Inc. (CSCO) manufactures and sells Internet Protocol-based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company serves businesses of various sizes, governments, public institutions, and services providers.

CSCO reported mixed fourth-quarter financial results. The company’s revenue came in at $13.10 billion, with product and service revenue flat year-over-year. Total revenue exceeded the company’s expectations due to solid execution and various initiatives to reduce the supply chain pressures.

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