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Cisco's security business revenue misses estimates, shares drop
Cisco Systems Inc's quarterly revenue in its closely-watched security business missed analysts' estimates, raising concerns about the world's largest networking gear maker's efforts to transform into a software-focused company. With its traditional business of making switches and routers struggling, Cisco, like other legacy technology firms, has been focusing on high-growth areas such as security, the Internet of Things and cloud computing. The security business, which offers firewall protection and breach detection systems, has been Cisco's fastest growing, until the last two quarter.
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