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Cisco forecasts annual revenue below estimates
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(Reuters) — Cisco Systems (NASDAQ:CSCO) projected annual revenue below market estimates on Wednesday, in a sign that an uncertain economic outlook was weighing on demand at one of the biggest makers of networking equipment.
The company projected revenue of $57 billion to $58.20 billion for the period, compared with analysts' average estimate of $58.38 billion, according to Refinitiv data.
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