Tag Archives: csco

Cisco Locked In Transition As It Prepares For Q2

Cisco Systems (CSCO) remains stuck in transition mode as it prepares to report results for its fiscal second quarter after the market close on Wednesday. The No. 1 maker of networking gear is moving into emerging-growth areas such as data center hardware, security software and mobile products, as it looks to offset stagnant growth in its core multibillion-dollar router and switches businesses, which make up the bulk of the company’s revenue. Cisco

Cisco Systems Adds Consulting Efforts To Aid Services

Cisco Systems is transitioning more into services — and its services unit is in its own transition, adding its first consulting initiatives. The No. 1 maker of networking gear continues to scramble to boost revenue from areas outside its core network routers and switches, where sales have been slowing. As part of these efforts, Cisco (CSCO) is launching consulting initiatives within its services business, focusing on areas such as security and

Jabil Circuit Downgraded On Poor Fiscal Q2 Guidance

Jabil Circuit (JBL) stock plunged over 21% in the stock market today, a day after the contract electronics parts maker gave guidance for the current quarter that sharply missed expectations and an analyst issued a downgrade. Jabil’s fiscal Q1 EPS also missed views. The company, whose top customers include Apple (AAPL) and Cisco Systems (CSCO), also said Tuesday that it’s selling its warranty repair business to iQor Holdings in a $725 million deal,