Tag Archives: csco

Cisco Systems Seen Capturing Share Of Cloud Market

Cisco Systems (CSCO) may be struggling to boost revenue growth, but the No. 1 maker of computer networking gear has plenty of upside, says an analyst. Alex Kurtz, an analyst for Sterne Agee, said in a report Friday that the company is amid a transition that could well work out long term. He wrote this even as Cisco this week reduced its long-term revenue growth outlook to 3% to 6% over the next three to five years from its prior forecast of 5%-7%.

Cisco Downgraded, Outlook Casts Doubts On Transition

Cisco Systems (CSCO) stock plummeted 12.5% to a six-month low in early trading Thursday after the networking gear leader gave a disappointing outlook late Wednesday and missed on its fiscal Q1 revenue. Investment banks downgraded Cisco stock after the report. “We continue to believe that, as Cisco keeps trying to align itself to a shifting market, it will likely struggle through significant head winds over the next 12 to 18 months and make aggressive use

Cisco Guidance Lags Views Amid ‘Inconsistent’ Economy

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