Why Cisco Stock Tanked 16.7% This Week

Why Cisco Stock Tanked 16.7% This Week

Shares of Cisco Systems (NASDAQ: CSCO) tumbled this week, according to S&P Global Market Intelligence. The maker of networking, software, and cloud-computing solutions posted weak revenue numbers for its fiscal third quarter and is guiding for a decrease in revenue in the fourth quarter. After the market closed on Wednesday, Cisco reported its earnings for the three months ending in April.