4. Cisco Methods, Inc. (NASDAQ:CSCO)
Amount of Hedge Fund Holders: 57
Cisco Units, Inc. (NASDAQ:CSCO) appears to be in severe difficulty just after missing earnings expectations for its fiscal third quarter and releasing disappointing assistance for the present quarter.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) plummeted to a approximately 18-month low on Thursday, May possibly 19, 2022, pursuing the effects. The California-based networking giant acquired 87 cents for each share on an modified basis, as opposed to 83 cents per share in the 12 months-back period of time.
Adhere to Cisco Methods Inc. (NASDAQ:CSCO)
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In addition, Cisco Systems, Inc. (NASDAQ:CSCO) posted earnings of $12.84 billion, practically unchanged from the same quarter of the prior 12 months. Analysts were being looking for earnings of 86 cents per share on income of $13.34 billion.
For the present-day quarter, Cisco Methods, Inc. (NASDAQ:CSCO) guided for altered earnings in the range of 76 – 84 cents per share, missing the consensus of 92 cents for every share with a significant margin.
Talking about the outcomes, CEO Chuck Robbins mentioned in a assertion:
“While Covid lockdowns in China and the war in Ukraine impacted our revenue in the quarter, the basic drivers throughout our company are powerful and we remain self-assured in the extensive phrase.”