Cisco stock dropped 2 percent on Wednesday after the company released earnings for the fourth quarter of its 2017 fiscal year, which ended in July.
Still, Cisco has beaten earnings and sales estimates for every quarter since CEO Chuck Robbins took over for John Chambers two years ago.
Analysts were expecting 60 cents in earnings per share and $12.05 billion in revenue for guidance for the current quarter, according to Thomson Reuters.
Cisco gets most of its revenue by selling data center switching and routing hardware, and the company's switching and next-generation routing revenue, totaling $5.3 billion, decreased 9 percent year over year and missed analysts' estimates.
Cisco Stock is up 7 percent since the beginning of the year, according to FactSet.
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