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Cisco Systems shares climb 6%; analysts praise outlook, supply chain execution

Aug. 18, 2022 10:27 AM ETCisco Systems, Inc. (CSCO) StockJBL, ANETBy: Chris Ciaccia, SA News Editor5 Comments

Cisco Systems To Lay Off Over 5,000 Workers

Justin Sullivan

Cisco Systems (NASDAQ:CSCO) shares climbed more than 6% Thursday after the networking giant reported fiscal fourth-quarter results that topped expectations and issued strong guidance that led to praise from Wall Street.

Morgan Stanley analyst Meta Marshall, who has a neutral

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