Cisco Systems Inc (NASDAQ:CSCO) shares are trading lower premarket today after the company issued below-consensus third quarter and FY24 Adjusted EPS and sales guidance and disclosed workforce reduction yesterday.
The company issued guidance for third-quarter revenue of $12.1 billion-$12.3 billion, vs. $13.09 billion, and Adjusted EPS of $0.84-$0.86 vs. …