By the closing bell on Wednesday, Cisco’s stock had slipped 5.7% to $21.58. The stock has been unpopular with investors in the past month, and has shed about one-third of its value since hitting a 7-year high in November of last year, the Wall Street Journal reports. Wednesday’s drop came after analysts for UBS and RBC Capital Markets issued reports that suggested the company’s outlook for fourth fiscal quarter would be soft. The quarter ends July 31.
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