🔴 Cisco Systems is trading 6% down in pre-market after profit-taking despite earnings beat

Cisco Systems is trading 6.12% down at $116.30 after investors sold the news following its August 12 earnings release.

• Adjusted EPS was $1.22 versus $1.17 expected; revenue reached $17.25 billion versus $16.82 billion expected.
• Despite strong Q1 and fiscal 2027 guidance, elevated expectations, profit-taking, and potential AI-hardware gross-margin pressure weighed on shares.
• Broader technology sector strength does not explain the decline.