Benzinga's Top #PreMarket Losers

Cisco Systems (NASDAQ: CSCO ) dipped 10.94% to $21.37 in the pre-market session after the company posted weaker-than-expected fiscal first-quarter revenue and issued a weak outlook. Cisco also increased its share buyback program by $15 billion. Deutsche Bank downgraded the stock from Buy to Hold. NetEase (NASDAQ: NTES )