Cisco Profits Up, But Murky Outlook Drags Stock Down

Wesley Oliver — Wed, 07 Nov 2007 20:51:59 CST

Cisco touted a 37% increase in its first-quarter profits, but it wasn’t enough on Wall Street to overcome a pessimistic outlook for the company's current quarter. The network equipment maker said its revenue-growth forecast of $9.79 billion will fall just short of the $9.81 billion most analysts expected....

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Cisco Profits Up, But Murky Outlook Drags Stock Down