Cisco Systems, Inc. (NASDAQ: CSCO) was down in pre-market trading as a result of weak guidance offered by the company. At 8:35 AM EST is down 7.42% from $23.73 to $21.97, and has traded 876,856 shares, compared with the company’s average of 58,236,500 shares. This drop comes during a 52-week trading range of $20.68 – $27.74.
Investor confidence was shaken by John Chambers, CEO of the IT company’s, characterization of the market as possessing “unusual uncertainty.”
-Michael B. Sauter