Cisco shares tumble after fiscal Q4 results and FY27 guidance
Cisco Systems shares fall about 8% after the company reported fourth-quarter fiscal 2026 revenue of $17.25 billion, adjusted EPS of $1.22 and issued fiscal 2027 guidance above estimates.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining more than 150 points on Thursday.
The Dow traded down 0.16% to 53,682.87 while the NASDAQ rose 0.61% to 26,749.51.
The S&P 500 also rose, gaining, 0.45% to 7,783.09.
Leading and Lagging Sectors Real estate shares jumped by 1.2% on Thursday.
In trading on Thursday, energy stocks fell by 1%.
Top Headline Shares of Cisco Systems Inc. (NASDAQ: CSCO ) fell around 8% on Thursday after the company reported financial results for the fourth quarter of fiscal 2026.
Cisco reported fourth-quarter revenue of $17.25 billion, beating analyst estimates of $16.82 billion, according to Pro.
The networking equipment company reported adjusted earnings of $1.22 per share for the quarter, beating analyst estimates of $1.17 per share.
Cisco guided for fiscal year 2027 revenue of $72.2 billion to $73.4 billion versus estimates of $68.69 billion.
The company also guided for full-year adjusted earnings of $5.05 to $5.11 per share, versus estimates of $4.80 per share.
Equities Trading UP Accelerant Holdings (NYSE: ARX ) shares shot up 44% to $19.52 after the specialty insurance company agreed to be acquired by Thoma Bravo and reported better-than-expected second-quarter 2026 results.
Shares of DEFSEC Technologies Inc (NASDAQ: DFSC ) got a boost, surging 107% to $2.56 after the company reported third-quarter financial results.
FGI Industries Ltd ( NASDAQ: FGI ) shares were also up, gaining 70% to $8.05 after the company reported better-than-expected second-quarter adjusted EPS results and issued FY26 sales guidance with its midpoint above estimates.
Equities Trading DOWN Leslie’s Inc ( NASDAQ: LESL ) shares dropped 39% to $0.81 after the company reported worse-than-expected third-quarter financial results and withdrew its FY26 guidance.
Shares of Cellebrite DI Ltd ( NASDAQ: CLBT ) were down 36% to $9.70 after the company reported worse-than-expected second-quarter sales results and issued weak third-quarter sales guidance.
Securitize Corp (NYSE: SECZ ) was down, falling 23% to $6.08 after the company reported worse-than-expected quarterly financial results.
Commodities In commodity news, oil traded down 0.9% to $82.57 while gold traded down 1% at $4,422.60.
Silver traded down 1.3% to $64.82 on Thursday, while copper fell 0.1% to $6.6115.
Euro zone European shares were mixed today.
The eurozone’s STOXX 600 gained 0.2%, while Spain’s IBEX 35 Index rose 0.4% London’s FTSE 100 fell 0.3%, Germany’s DAX gained 0.2%, while France’s CAC 40 fell 0.1%.
Asia Pacific Markets Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 gaining 1.16%, Hong Kong’s Hang Seng index falling 0.17%, China’s Shanghai Composite declining 0.50% and India’s BSE Sensex rising 0.15%.
Economics The Producer Price Index (PPI) was unchanged in July, coming in below the 0.2% monthly rebound economists expected after June’s upwardly revised 0.1% decline, the Bureau of Labor Statistics reported Thursday.
U.S. initial jobless claims rose by 9,000 to 209,000 in the first week of August, compared to market estimates of 202,000.
Photo via Shutterstock