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 stock is trading lower following the company's announcement of Q3 and FY24 adjusted EPS and sales guidance, which fell below market expectations.
February 15, 2024 | 1:38 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.
Cisco's announcement of lower-than-expected guidance for Q3 and FY24 directly impacts investor sentiment and the stock's value. Given the company's significant role in the tech sector, such financial forecasts are critical to investors' decision-making processes, likely leading to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100