- Cisco Systems Inc said on Wednesday that impending U.S. tariffs and Chinese customers shunning the networking company’s gear were weighing on its business, and it forecast sales and profit below Wall Street targets.
“We’re not being allowed to even participate anymore,” Cisco Chief Executive Chuck Robbins told investors on a conference call. Shares of Cisco, a Dow component, fell 3.4% in the runup to results amid broader declines in the market, and dropped 8% to $46.53 in after-hours trading.
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