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Benzinga
Benzinga
Business
Adam Eckert

Why Cisco Systems Stock Is Falling Today

Cisco Cisco Systems CSCO Nasdaq

Cisco Systems Inc (NASDAQ:CSCO) shares are trading lower Thursday after the company reported worse-than-expected top-line results and issued guidance below analyst estimates.

Cisco said first-quarter revenue totaled $12.8 billion, which was flat on a year-over-year basis and missed the $13.34-billion estimate, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of 87 cents per share, which beat the estimate of 86 cents per share.

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