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.
- Cisco Stock Falls on In-Line Q4 Earnings, Revenue BeatTheStreet.com
- Limiting Your Risk In CiscoSeeking Alpha
- Buy Cisco Weakness but Only to This Level: ChartTheStreet.com
- Cisco Earnings: What to WatchWall Street Journal (subscription)
- Cisco Systems (CSCO) Reports In-Line Q4 EPS, Guides Q1 EPS In-LineStreetInsider.com
- Cisco -1.2% as Q4 earnings beat shows declining sales, profitsSeeking Alpha
- Wednesday's Vital Data: Cisco Systems, Inc. (CSCO), Home Depot Inc (HD) and JC ...Investorplace.com
- Expect High Volatility From Cisco Systems, Inc. (CSCO) Report TonightStockNews.com (blog)
- Today's Brokerage Rating: Cisco Systems, Inc. (CSCO), Micron Technology, Inc. (MU)StockNewsJournal
