Cisco down as upbeat forecast falls short of investor expectations
BUZZ-Cisco down as upbeat forecast falls short of investor expectations ** Shares of networking equipment maker Cisco CSCO.O down ~4% at $118.90 in extended trading
** Analysts say co's upbeat forecasts still fell short of lofty investor expectations, prompting shares to reverse course after rising post-results
** CSCO forecasts annual revenue between $72.2 billion and $73.4 billion, above analysts' estimate of $68.69 billion; expects adjusted EPS between $5.05 and $5.11, above estimates of $4.80 - data compiled by LSEG
** Co also beats Q4 sales, profit estimates
** As of last close, CSCO up ~61% YTD
(Reporting by Neil J Kanatt in Bengaluru)
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