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00:03Cisco's stock fell almost 5 percent Tuesday after Piper Sandler cut its price target to
00:08$125 from $132, citing concerns that industry growth is peaking, according to CNBC.
00:15The shares closed on Tuesday at $106.44 after reaching a record high in June and gaining
00:2257 percent over the past 12 months.
00:24Cisco reported fourth-quarter revenue of $17.25 billion last month, topping the $16.8 billion
00:32estimate.
00:33The company projected nearly 15 percent revenue growth for fiscal 2027, though analysts expect
00:39sales growth to return to single digits.
00:41Cisco CEO Chuck Robbins said the company is entering the new fiscal year with strong market
00:46conditions but plans to remain prudent.
00:49Hyperscalers generated about $4 billion in fiscal 2026 revenue.
00:53Cisco expects that figure to nearly double to $7.5 billion in fiscal 2027.
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