(Bloomberg) -- Cisco Systems Inc. dropped in extended U.S. trading after the world's biggest maker of computer- networking equipment forecast sales this quarter that may miss analysts' estimates.
Shares of the San Jose, California-based company fell $1.51, or 5.3 percent, to $26.85 as of 6:24 p.m. in New York. John Chambers, Cisco's chief executive officer, forecast fourth- quarter sales growth of 15 percent to 16 percent, which may fall short of the average 16 percent estimate of 25 analysts in a Bloomberg poll. Chambers also said orders from Cisco's biggest customers in the U.S. are ``relatively sluggish.''
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