Cisco Systems’ shares fell more than 2% on Friday after HSBC downgraded the networking equipment maker from “buy” to “hold”, citing concerns that the company’s recent restocking boost is losing steam.
Cisco Systems CSCO shares have returned 11% in the past three months, underperforming the Zacks Computer & Technology sector’s drop of 4.4%. The outperformance can be attributed to CSCO’s improving ...
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