Cisco climbs 7% on better-than-expected Q1 results

Friday, 13. November 2020 20:11

Cisco Systems traded more than 7% higher on Friday after the company released its financial results for the first quarter of fiscal 2021.

Cisco's revenue landed at $11.9 billion in three months ending October 24, managing to beat analysts' estimates despite a 9% annual decline.

The San Jose-based firm jumped 7.09% at 2:10 pm ET, trading for $41.41 per share to reach its highest levels since early September.

Related Links: Cisco Systems Inc.
Author:
Breaking the News / GA