Cisco shares are trading lower after the company issued Q3 and FY24 adjusted EPS and sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Cisco's shares are trading lower following the company's announcement of Q3 and FY24 adjusted EPS and sales guidance, which fell below market estimates.
February 14, 2024 | 9:16 pm
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Cisco's shares are trading lower due to the company's lower-than-expected Q3 and FY24 adjusted EPS and sales guidance.
The announcement of lower-than-expected earnings and sales guidance for Q3 and FY24 directly impacts investor sentiment and the perceived future financial health of Cisco, likely leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100