Shares in Cisco Systems Inc. (CSCO) rose after its third-quarter profit topped market expectations as work-at-home orders drove demand for its tools and virtual networking products. The stock appreciated 2.3% to $42.93 in pre-market trading on Thursday.In the third quarter ended April 25, earnings per share, excluding items, stood at 79 cents exceeding analyst expectations of 69 cents. Total revenue in the reported quarter dropped 8% to $12 billion year-on-year which is slightly higher than the analysts’ average estimate of $11.7 billion.”The pandemic has driven organizations across the globe to digitize their operations and support remote workforces at a faster …read more
Source:: Yahoo Finance
