FONT-SIZE Plus   Neg

Cisco Climbs Off Worst Levels But Remains Firmly Negative

Shares of Cisco Systems (CSCO) have climbed off their worst levels of the day but continue to see notable weakness in late-day trading on Thursday. After hitting its lowest intraday level in over a month, Cisco is currently down by 4.2 percent.

Cisco reported fiscal fourth quarter earnings that matched estimates. The networking giant also reported revenues that beat estimates but a drop in sales in its key security business.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Dutch consumer electronics giant Philips Electronics NV reported Monday lower attributable net income in its third quarter, while pre-tax income increased. Sales were flat on a reported basis, but grew 4 percent on a comparable basis mainly on growth in China. Further, the company said its outlook for 2017 remains unchanged despite ongoing global uncertainties. 10 Worst Places To Raise A Family Whether you are a young couple building a nest or seasoned parents looking for a change of scenery, there are number of places around the country that should be avoided, according to personal finance website WalletHub. They looked at mainly five categories for... A passenger has filed a lawsuit against Canadian budget airline Sunwing Airlines for serving him cheap sparkling wine instead of champagne on board a flight, according to media reports. The Canadian passenger, Daniel MacDuff, reportedly boarded his Sunwing flight to Cuba in February, on a flight package that advertised a complimentary on-board champagne toast.
comments powered by Disqus
Follow RTT