Cisco Guidance Lags Views Amid ‘Inconsistent’ Economy

By | November 13, 2013

Networking gear leader Cisco Systems late Wednesday reported fiscal Q1 revenue that missed Wall Street expectations, attributing this in part to the recent U.S. government shutdown, and gave Q2 guidance that also missed. Cisco (CSCO) said revenue for the period ended Oct. 26 rose 2% from the year-earlier quarter to $12.1 billion. Analysts polled by Thomson Reuters had expected $12.36 billion. In a conference call with analysts, Cisco CEO John

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Cisco Guidance Lags Views Amid ‘Inconsistent’ Economy