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Cisco gives lackluster sales forecast amid trade-dispute worries

Cisco shares declined 6.2 per cent to $47.50 at 9:36 am in New York, rebounding from an earlier 8 per cent drop, the biggest intraday fall since May 2017

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Cisco | Cisco Systems | Cisco Investments

Bloomberg 



In search for next big ideas, global networking major is trying to grasp, and push forward, technologies such as IoT, AI, ML

Systems declined the most intraday in more than two years after the company gave a lackluster sales forecast, indicating the U.S.-China trade dispute and a slowing global economy are leading customers to delay updates of their computer networks.

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First Published: Thu, August 15 2019. 21:16 IST

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