Cisco jumps more than 8% on earnings beat and strong forecast

The company's revenue has now declined on an annualized basis four quarters in a row.Gerard Julien | AFP | Getty Images

shares moved as much as 9% higher in extended trading on Thursday after the company reported fiscal first-quarter earnings and an upbeat forecast that exceeded analysts' expectations.76 cents per share, adjusted, vs. 70 cents per share as expected by analysts, according to Refinitiv.With respect to guidance, Cisco said it sees 74 cents to 76 cents in adjusted per share and a 2% revenue decline to flat revenue in the fiscal second quarter.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after the bell: Cisco Systems, Disney, Applied Materials & moreThese are the stocks posting the largest moves after hours on Thursday. how sketchy does your company have to be to see revenue go up 50% in a pandemic while the stock goes up 3% $PLTR See,Disney’s still making millions
Source: CNBC - 🏆 12. / 72 Read more »

Microsoft, Google, Cisco, Dell join legal battle against hacking company NSOTech giants including Microsoft and Google on Monday joined Facebook's legal battle against hacking company NSO, filing an amicus brief in federal court that warned that the Israeli firm's tools were 'powerful, and dangerous.'
Source: Reuters - 🏆 2. / 97 Read more »