Cisco Falls After Forecast Misses Analysts’ Estimates

Cisco Systems Inc., the world’s largest maker of networking equipment, fell 10 percent in Nasdaq trading after forecasting sales that missed analysts’ estimates and saying the recovery may be slowing.

The stock dropped the most since 2008, falling $2.37 to $21.36 at 4 p.m. New York time on the Nasdaq Stock Market. Revenue in the current quarter will be between $10.64 billion and $10.83 billion, the San Jose, California-based company said on a conference call. Analysts surveyed by Bloomberg had estimated $10.95 billion.