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Cisco posted record quarterly results and strong guidance — but the stock sank

The networking company posted $17.25 billion in quarterly revenue and guided well above Wall Street expectations for the year ahead

Cisco $CSCO reported fourth-quarter revenue of $17.25 billion on Wednesday, beating analyst expectations and posting record annual results, but Cisco stock fell in after-hours trading.

The quarter's adjusted earnings per share of $1.22 topped the consensus estimate of $1.17, while revenue of $17.25 billion exceeded the $16.82 billion Wall Street had anticipated, according to CNBC.

Revenue grew 18% compared with $14.7 billion in the same period last year, and GAAP net income jumped 51% to $3.9 billion,........

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