Cisco Systems (CSCO) Lower Following Q2 Results and Cautious Guidance

Shares of tech-giant Cisco Systems (Nasdaq: CSCO) are 7% lower in after-hours action Wednesday after the company reported in-line Q2 results, but provided a cautious Q3 outlook.

Cisco reported Q2 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenues for the quarter were $9.8 billion, versus the consensus of $9.79 billion. Cisco said it sees Q3 sales growth of 10%, which was below Wall Street's expectations of 15% growth. On the earnings call, CEO John Chambers said US and European customer are "cautious."

You May Also Be Interested In

• This cyberstock is best-positioned in a post-quantum world
• Target (TGT) Tops Q2 EPS by $1.78, Beats on Revenue; Offers FY27 EPS Guidance
• Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance