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Cisco Systems Reports Earnings Today. It’s All About Orders.

Por: MarketWatch Business May 17, 2023

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In the January quarter, Cisco reported that orders were down 22% from the year-ago period, after seeing 30%-plus growth for several consecutive quarters. “There is a fair bit of investor concern around true demand levels for enterprise networking and whether we could see a downturn in 2024 as backlog declines,” the analyst writes. Daryanani says the “bogey” for Cisco could be the 30% order decline that (JNPR) posted in the most recent... + full article



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