Cisco Systems Inc. shares faced their worst one-day drop in nearly a decade Thursday, after the networking giant’s decision to circle the wagons in the form of cost cuts as the company suffers from increasingly selective enterprise spending during the COVID-19 pandemic.
Cisco Systems Inc. shares faced their worst one-day drop in nearly a decade Thursday, after the networking giant’s decision to circle the wagons in the form of cost cuts as the company suffers from increasingly selective enterprise spending during the COVID-19 pandemic.