Shares of Cisco (CSCO) are falling after a disappointing outlook for the second quarter of fiscal 2022. Persistent supply chain constraints which are expected to hang heavy on margins as well. Moreover, revenues came short of consensus estimates, which sparked further sell-offs. Nonetheless, Q1 was strong in essence, with an 8% year-over-year increase in both the top and bottom lines. Notably, product orders grew 33% year-over-year. (See Analysts’ Top Stocks on TipRanks) Expert Treading Cautiously Following the Q1 earnings release, Needham analyst Alex Henderson weighed in on the company’s prospects. He noted that Cisco’s pipeline is reportedly strengthening.
https://www.tipranks.com/news/article/cisco-should-we-worry-about-near-term-issues?utm_source=advfn.com&utm_medium=referral
Cisco Systems (NASDAQ:CSCO)
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