{"id":86533,"date":"2023-11-16T01:54:24","date_gmt":"2023-11-16T06:54:24","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86533"},"modified":"2023-11-16T01:49:12","modified_gmt":"2023-11-16T06:49:12","slug":"cisco-stock-plunges-on-light-guidance-after-product-order-slowdown","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2023\/cisco-stock-plunges-on-light-guidance-after-product-order-slowdown.html","title":{"rendered":"Cisco stock plunges on light guidance after product order slowdown"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/CSCO\/\">Cisco<\/a> shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast for the current quarter and the full fiscal year. Revenue increased by 7.6% in the fiscal first quarter, which ended on Oct. 28, according to a <a rel=\"noreferrer noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cisco-reports-first-quarter-earnings-301989704.html\" target=\"_blank\">statement<\/a>. Net income, at $3.64 billion, or 89 cents per share, rose from $2.67 billion, or 65 cents per share, in the year-ago quarter.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/11\/15\/cisco-csco-q1-earnings-report-2024.html\">To read this article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Cisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast for the current quarter and the full fiscal year. Revenue increased by 7.6% in the fiscal first [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86533","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86533"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86533\/revisions"}],"predecessor-version":[{"id":86534,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86533\/revisions\/86534"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}