13:09 ET--Cisco Systems CEO Chuck Robbins pushed back on the suggestion that the company's fiscal 2027 guidance is too modest. The company projected revenue between $72.2 billion and $73.4 billion, representing 14% to 16% growth above its fiscal 2026 revenue of $63.33 billion, and ahead of Wall Street's expectation of $69.12 billion. "The analysts were looking for 9% growth," Robbins says in a CNBC interview. "It was kind of funny to me that they were looking for 9% growth, we gave them 15%, and they said, 'Why are you being so conservative?'" The company is being somewhat prudent given the start to the new fiscal year, but all its business areas are currently seeing tailwinds, Robbins says. Shares are down 9%.