Cisco’s stellar quarter, guidance raise overshadowed by investor concerns about its backlog

A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019.

Sergio Perez | Reuters

Computer networking giant Cisco Systems (CSCO) on Wednesday delivered a beat on revenue and profit for its fiscal second quarter, while significantly raising its guidance. But the impressive results were overshadowed by lingering questions about the state of new orders for its hardware, leaving us cautious about the future of the Club holding.

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