🔴 Cisco Systems is trading 8.08% down today after fiscal 2027 gross-margin guidance missed consensus

Cisco Systems is trading at €98.13, down 8.08%, after investors focused on weaker gross-margin guidance despite strong fiscal fourth-quarter results.

• Revenue reached $17.3 billion and non-GAAP EPS was $1.22; quarterly gross margin fell to 66.3% from 68.4% a year earlier.
• First-quarter fiscal 2027 gross-margin guidance of 65%-66% missed consensus, reflecting lower-margin hardware mix and higher AI-related memory costs.
• The August 13 selloff was company-specific: major U.S. indexes finished higher, and trading is currently closed following the session.