Cisco Systems Inc. (CSCO) stock slips lower ahead of Q3 earnings

Cisco Systems Inc. (NASDAQ: CSCO) stock has lost out some ground ahead of its crucial Q3 earnings which would be announced post the trading session on Wednesday. Cisco Systems Inc. (CSCO) has already slipped below its 20 days and 50 days moving average to $23.19 by afternoon trading on Wednesday, indicating some weakness in stock.

Meanwhile, while Cisco Systems Inc. (CSCO) is unlikely to post mop up strong profits in Q3, the guidance for Q4 put by company is likely to hold key for subsequent movement of Cisco Systems Inc. (CSCO) stock.