Cisco Systems

Investor's Business Daily

Cisco Systems (CSCO) said it's focusing on its service and software businesses, targeting the "Internet of Everything," and that it should not be regarded solely as a maker of hardware devices. The company reiterated its forecast for an overall revenue growth rate of 5%-7% a year over the next 3-4 years, in line with analyst estimates. Shares fell 0.7% to 19.33.

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