Cisco, Sirius, Apple: Pre-Market Movers:
NEW YORK (TheStreet) -- Cisco was the big laggard in pre-market trading on Thursday as investors responded negatively to the networker's third-quarter results.
The tech giant on Wednesday comfortably beat Wall Street's profit estimate and edged past analysts' top-line forecast. Cisco, however, gave a weak fourth-quarter outlook, citing an uncertain macroeconomic environment.
The Dow component forecast year-over-year fourth-quarter revenue growth of 2% to 5%. Wall Street expected sales growth of 7% compared to the prior year's quarter.
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NEW YORK (TheStreet) -- Cisco was the big laggard in pre-market trading on Thursday as investors responded negatively to the networker's third-quarter results.
The tech giant on Wednesday comfortably beat Wall Street's profit estimate and edged past analysts' top-line forecast. Cisco, however, gave a weak fourth-quarter outlook, citing an uncertain macroeconomic environment.
The Dow component forecast year-over-year fourth-quarter revenue growth of 2% to 5%. Wall Street expected sales growth of 7% compared to the prior year's quarter.
...
Click to view a price quote on CSCO.
Click to research the Computer Hardware industry.
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