Shares of networking equipment maker Cisco Systems plunged more than 16% Thursday as the company’s forecast and comments from CEO John Chambers spooked investors.
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Cisco Systems grew its fiscal first-quarter profit 8% from a year ago, beating analysts’ expectations, but lower margins have pushed its shares down more than 12% in extended trading.
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A lack of vision or a strategic plan isn’t the trouble at many companies. Rather, it’s that they can’t move from idea to reality. Successful companies move from strategy to execution by using what management consultant Richard …
The first of the major retailers will report quarterly earnings this week. Analysts expect to see strong results from Macy’s and Penney, but flat earnings from Kohl’s. Agilent may be one of this week’s biggest earnings gainers….
Big Blue is in advanced talks to acquire the small network security firm. That’s shouldn’t be a big surprise to DailyFinance readers. In September, I wrote that Fortinet would be a likely takoever target. I also discussed, Chec…