Cisco Systems (NASDAQ: CSCO) stock fell 9.7% despite beating expectations in Q2 earnings. Sales hit $15.3 billion, setting a record, with 10% year-over-year growth. However, profits are flat to down, with Q3 GAAP earnings forecast at $0.75 per share. Analysts suggest Cisco stock may not be a buy at this time.
The Motley Fool Stock Advisor team did not include Cisco Systems in their top 10 stock picks. The average return of their picks is 913%, outperforming the S&P 500. Consider their recommendations for potential high returns. Cisco stock may not be the best investment opportunity based on recent performance.
Read more at Nasdaq: Why Cisco Stock Dropped After Earnings Today
