Multi-faceted technology giant Cisco (NASDAQ:CSCO) recently reported fourth quarter numbers that were quite good and Cisco stock traded mildly higher on the news. It was a double beat quarter with a healthy guide, and featured the best revenue growth the company has seen in years, proof that Cisco’s top-line growth narrative is steadily improving thanks to increased traction in secular growth markets like cloud and cybersecurity. Specifically, higher component costs are outweighing higher product prices, and gross margins are dropping. …read more
Source:: Yahoo Finance
