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Cisco shares have best day since 2020 on earnings beat, plans to cut 7% of workforce

by Editor August 15, 2024, 10:49 pm 1.7k Views

Cisco shares have best day since 2020 on earnings beat, plans to cut 7% of workforce

Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.

Hollie Adams | Bloomberg | Getty Images

Cisco shares jumped about 7% on Thursday for their best day since November 2020, after the computer networking company said it’s cutting 7% of its workforce and reported quarterly results that beat analyst estimates.

Morgan Stanley analysts said in a note to…

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Posted by Editor

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