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DewDiligence

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Re: DewDiligence post# 19343

Wednesday, 11/13/2019 6:27:58 PM

Wednesday, November 13, 2019 6:27:58 PM

Post# of 30494
CSCO guides to down quarter:

https://www.wsj.com/articles/cisco-projects-reduced-revenue-in-current-quarter-11573683289

Cisco Systems…projected its first quarterly revenue decline in more than two years, blaming what it called a pause in customer spending.

The company, considered a proxy for corporate high-tech hardware demand, expects revenue to fall 3% to 5% this quarter. Analysts polled by FactSet were expecting revenue to increase by about 2.4% to $12.75 billion.

The quarter in question is the one ending 1/31/20 (FY2Q20).

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