Cisco Shares Rose Nearly 3% in Premarket Trading
Tiger Newspress2022-02-17
Cisco shares rose nearly 3% in premarket trading.Cisco Systems Inc on Wednesday raised its full-year earnings forecast, expecting to benefit from higher prices driven by global chip shortages and an eventual decline in logistics costs as shipment delays abate. The company announced a $15 billion increase to its stock repurchase program and reported better-than-expected quarterly results.
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