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11/13/2020, 8:11 PM (Source: TeleTrader)
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Cisco climbs 7% on better-than-expected Q1 results

Cisco Systems traded more than 7% higher on Friday after the company released its financial results for the first quarter of fiscal 2021.

Cisco's revenue landed at $11.9 billion in three months ending October 24, managing to beat analysts' estimates despite a 9% annual decline.

The San Jose-based firm jumped 7.09% at 2:10 pm ET, trading for $41.41 per share to reach its highest levels since early September.

Breaking the News / GA