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Cisco stock price surges 6% on earnings beat

By: Invezz

Shares of Cisco Systems (NASDAQ: CSCO) jumped 6% today after the tech giant reported better-than-expected results for its fiscal third-quarter.  Fundamental analysis: Slowdown in business activity noted in April  Cisco reported adjusted earnings of $0.79 per share, higher than $0.69 per share expected from the market. Moreover, the tech giant said it recorded a revenue of $11.98 billion, again better than $11.70 billion expected from Wall Street, but 8% lower compared to the year ago. “During this extraordinary time, our priority has been supporting our employees, customers, partners and communities, while positioning Cisco for the future,” said Chuck Robbins, chairman

The post Cisco stock price surges 6% on earnings beat appeared first on Invezz.

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