Cisco Posts Upbeat Quarter, But Margin Static Sinks Share Price
Cisco shares tanked despite upbeat Q4 earnings. Analysts remain bullish with Rosenblatt raising PT to $165, KeyBanc to $135.
Cisco had a great quarter with good earnings, but investors worried because the company's profit margins—how much money it keeps after costs—stayed about the same. When people see a company's profits aren't growing faster, they sometimes sell shares even if the quarter looked good.
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