Cisco Systems Inc forecast current-quarter revenue that widely missed analysts' estimates and said it would cut 1,100 more jobs, as the world's largest networking gear maker steps up efforts to transform into a software-focused company.
Shares of the Dow component fell 8.2% to US$31.05 (RM134.35) in after-market trading on Wednesday. The stock had closed down 1.4% in regular trading, compared with the 1.78% slump in the index.
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