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  • Business » Cisco Plummets on Top Line Losses
    November 15, 2013, 08:35 GMT

    Shares of Cisco (NASDAQ:CSCO) were sent straight to the downside on Thursday morning following the company’s second quarter report. The company reported a steep drop in revenues and consequently a number of prominent brokerage firms and investment bankers flipped sides on the name. Cisco posted fiscal first-quarter earnings, excluding items, of 53 cents per share,