Cisco’s stock drops despite earnings, revenue beat

Cisco released its fiscal fourth-quarter earnings report on Wednesday, delivering results that surpassed analyst expectations. The company projected revenue between $18 billion and $18.2 billion for the current period, exceeding the $16.8 billion average estimate from analysts. Additionally, Cisco provided earnings guidance for the current period and strong full-year projections that beat consensus forecasts.
Despite the favorable results, Cisco shares traded lower in extended trading following