TMTB: CSCO HUBS APP First Takes; EOD Recap

CSCO -5% inline q (missed product revs/better deferred) but much weaker Q3 and and FY guide. Announced 5% RIF

Will get order number and more commentary on market on the call. Positioning leaned short into the print.

FY GUIDANCE
Guides revenue $51.5B to $52.5B, saw $53.8B to $55.0B, EST $54.33B
Guides ADJ EPS $3.68 to $3.74, saw $3.87 to $3.93, EST $3.87
GUI…