Cisco Systems, Inc., CSCO - Cisco is expected to post an 18% drop in sales
The maker of routers and networking gear is widely considered a barometer for corporate tech spending. Cisco is expected to post an 18% drop in sales…but investors hope that results will offer signs that the deep slump is coming to an end.
On average analysts expect Cisco to report fiscal fourth-quarter revenue of $8.49 billion, down 18 percent from a year earlier but up 4 percent from the previous quarter, according to Reuters Estimates. Analyst Kenneth Muth said he believes there is more upside than downside risk and raised his price target to $26 from $20.
I have not bought and tested a cisco equipment before.
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