Cisco reports fourth straight quarter of declining revenue
Portfolio Pulse from
Cisco reported its fourth consecutive quarter of declining revenue, with a 5% drop from the previous year. Despite this, the company's quarterly results exceeded expectations, and it raised its full-year revenue target.
November 13, 2024 | 10:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cisco's revenue declined for the fourth consecutive quarter by 5%, but the company exceeded expectations and raised its full-year revenue target.
Despite the revenue decline, Cisco's ability to surpass expectations and raise its full-year revenue target suggests positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100