Cisco has the order backward this time: earnings haven’t even been reported yet, but the stock has already taken a beating, losing 20% in a month.
Put simply, Cisco reports on November 12, and management’s own revenue guidance is $18.0 billion to $18.2 billion—while the market consensus is only $18.09 billion, nowhere near the top end.
After a 20% drop, will November 12 mark the point when all the bad news is priced in, or will the stock take another hit?
$CSCO
Put simply, Cisco reports on November 12, and management’s own revenue guidance is $18.0 billion to $18.2 billion—while the market consensus is only $18.09 billion, nowhere near the top end.
After a 20% drop, will November 12 mark the point when all the bad news is priced in, or will the stock take another hit?
$CSCO