Cisco Systems (CSCO) is a technology company that offers networking gear, software, telecommunications equipment, and other services and products. Given the latest tech sell-off, Cisco has lost around 21% of its value year-to-date. However, the company is rapidly expanding. CSCO's growth is fueled by new product launches and widespread adoption of its software and subscription-based products. Coming to the second-quarter earnings release, Cisco outperformed expectations on both the top and bottom lines. Revenues increased 6% year-over-year to $12.7 billion, while earnings per share improved 6% to $0.84 per share. On May 18, the company will report its Q3-2022 earnings.
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Cisco Systems (NASDAQ:CSCO)
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