Cisco stock falls 12%+ as rising memory prices put pressure on the networking company's margins; it is the stock's worst day since 2022
Cisco Systems shares plunged as much as 12% Thursday as rising memory prices put pressure on the networking company's margins. It's the stock's worst day since 2022.
Cisco's stock touched a new record high of $80.25 on December 10, surpassing its previous split-adjusted high of $80.06 on March 27, 2000; CSCO is up 31.64% YTD
🥳🥳🥳🥳🥳 — It only took 25 years, eight months and 13 days, but the stock of Cisco Systems finally hit a new record high.
Networking startup Nile, founded by ex-Cisco executives, raised a $175M Series C co-led by March Capital and Saudi Arabia's Sanabil, taking its funding to $300M
Nile, a networking startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel, has raised $175 million …
Source: Cisco CEO said that the company will increase operating expenses by $1B over the next year, amid employee frustration over wages and high staff turnover
Cisco Systems CEO Chuck Robbins told managers earlier this month that the networking hardware pioneer would increase …
Cisco reports Q1 revenue of $12.4B, up 4% YoY; shares down 4%+ after hours
Long/short equity, long-term horizon, medium-term horizon, growth Julie Bort / Business Insider : Cisco's Q1 earnings is a beat but the company warns that Q2 will be soft, stock drops RTTNews : Cisco ...