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Cisco reported strong quarterly earnings, beating estimates, with a significant institutional buy-in.
Cisco Systems saw a 24.5% increase in shares purchased by St. Louis Trust Co in the first quarter, bringing the total to 17,925 shares.
Cisco reported a quarterly revenue of $14.15 billion, beating estimates, with a net margin of 17.60%.
The company announced a quarterly dividend of $0.41 and is expected to post 3.04 EPS for the fiscal year.
Despite some institutional investors reducing their stakes, Cisco's financials remain strong.
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Cisco reportó fuertes ganancias trimestrales, superando las estimaciones, con una compra institucional significativa.