Five Companies That Dropped The Ball This Week

Cisco Issues Weak Q4 Outlook

Just when it looked like Cisco was back on track, the networking giant was forced to deliver some bad news. While the company's third-quarter earnings were mostly positive (6.6 percent revenue increase and a nearly 20 percent profit increase), Cisco's disappointing guidance for the fourth quarter sent its stock price plunging after hours. Analysts had expected revenue for the quarter to improve 7 percent, but Cisco said it expects growth of between 2 percent and 5 percent.


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