Cisco (CSCO) Plunges After a Weak Revenue Forecast and 4,000 Layoffs

Cisco (CSCO) slumped last week, after the networking giant reported its fourth quarter earnings that accompanied a major reduction of its workforce. Cisco earned an adjusted $0.52 per share, topping the consensus estimate by a penny. Revenue rose 6% year-on-year to $12.4 billion, which was in line with analyst estimates. Daily Chart The company’s product Read the full article... Read the rest of Cisco (CSCO) Plunges After a Weak Revenue Forecast and 4,000 Layoffs at InvestorGuide.com .