Cisco’s shares dip by 6%

American software and hardware producing company, Cisco, records a 6% dip in its shares, disappointing its investors.

Days ago, the company released its quarterly report and it was revealed that Cisco’s shares sold at 83 cents and went on to make a net profit of $12.80 billion, surpassing the expectations of analysts.

Despite the plunge in its shares, Cisco has predicted that it will experience a 5.5% growth that will cause its shares to sell at 83 cents and lead to a net profit of $12.82 billion by its next quarter report.

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Business Stance

Business Stance is dedicated to ensuring that every Nigerian comfortably stays one step ahead with an in-depth view of the global financial markets.