Shares of network equipment firm Cisco (CSCO) got hammered following the release of some sub-optimal quarterly results. Over the past week, shares slipped over 13%, bringing shares down around a third from where they were at their December 2021 peak. As a value play in the tech sector, Cisco has done a relatively decent job holding its own up until its post-earnings flop. Now that the old-time tech darling has posted losses in line with the Nasdaq 100, there's a real risk that CSCO stock could revisit the $35 per share lows of 2020. Indeed, Cisco has already ricocheted off the level twice.
https://www.tipranks.com/news/article/cisco-stock-incredibly-cheap-after-post-earnings-plunge?utm_source=advfn.com&utm_medium=referral