Cisco Systems shares fall despite beating Q1 FY2027 key metrics
CSCO Cisco Systems Inc
$95.64 -6.24%
View chart & analysis → - 1Cisco Systems Inc reported Q1 FY2027 EPS of $1.40.
- 2Cisco Systems Inc raised its FY2027 hyperscaler AI revenue target to $9 billion in just 90 days.
- 3Cisco Systems Inc shares fell 6.53% as of November 13 at 2:51 PM (EST).
So what's the key point?
Cisco Systems Inc raised its AI-related revenue target to $9 billion, but its stock price fell 6.53%. Investors may find it confusing that the stock price is decreasing despite strong earnings and an increased target.
Source Investing.com · View original ↗
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