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Cisco (CSCO)

Cisco Systems shares jumped 10% after the networking tech giant’s third-quarter revenue guidance came in above Wall Street expectations.

The company sees third quarter revenue up 11% to 13% year-over-year. Cisco also raised its full year 2023 adjusted earnings per share view to $3.73-$3.78 from $3.51-$3.58.

Cisco’s second-quarter earnings per share of 88 cents beat estimates of 85 cents while $13.6 billion in sales came in line with expectations of $13.6 billion.

Cisco Systems, Inc. (CSCO)View quote details
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