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Why Cisco’s Earnings Are Causing Networking Stocks Juniper and Broadcom to Sink

·2 min read
Why Cisco’s Earnings Are Causing Networking Stocks Juniper and Broadcom to Sink
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Shares of Cisco Systems were sharply lower Thursday after the networking gear maker issued a weak sales forecast for its current quarter. The warning sent stocks of other networking companies tumbling. Cisco (ticker: CSCO) said it expects fiscal fourth-quarter revenue to fall between 1% and 5.5% from a year earlier.