Cisco forecast knocked by supply chain snags, shares fall

Cisco Systems Inc forecast current-quarter revenue below expectations as supply chain shortages and delays drive up costs. Shares of the network gear maker fell 6.3% in extended trading after it said it expects second-quarter revenue to grow 4.5% to 6.5% year-over-year, compared with Wall Street expectations of about 7.4%.

from Gadgets Now https://ift.tt/3DI3Y8l