Cisco logs a strong quarter but its cautious outlook pushes the stock down


Cisco Systems Inc. reported strong quarterly results, pushing its shares higher in after-hours trading Wednesday despite a mixed full-year forecast for fiscal 2024.

“We are seeing solid customer demand, gaining market share, and innovating in key areas like AI, security and cloud. This momentum gives us confidence in our ability to capture the many opportunities ahead,” Cisco Chief Executive Chuck Robbins said in a statement announcing the results.


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