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Cisco Shares Fall on Disappointing AI Data Center Sales Forecast
Cisco's stock experienced a decline despite reporting solid Q4 earnings, as the company's forecast for AI data center sales disappointed investors. While analysts remain bullish on the company's long-term prospects, the guidance fell short of high market expectations.
13 Aug, 16:05 — 13 Aug, 16:07
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Moderate (27/100)2 sources— more sources would strengthen this score15/33
Spectrum spread— 2/5 buckets covered8/33
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bloombergHigh12d ago
Cisco's Forecast for AI Data Center Sales Disappoints Investors
Cisco Systems Inc. shares fell after the company projected $7.5 billion in AI data center sales this fiscal year, which disappointed investors. CEO Chuck Robbins says the guidance is good and prudent. Bloomberg's Woo Jin Ho reports. (Source: Bloomberg)
Read full article →seeking-alphaMixed12d ago
Cisco falls amid high expectations on guidance; analysts remain bullish
Read full article →Coverage Timeline
First report: bloomberg · 13 Aug, 16:05|Full coverage: 2 · 1m|Window: 1m
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