Cisco earnings

Close to tears at Cisco's shareholder meeting

Cisco Subnet — Thu, 20 Nov 2008 15:46:28 -0500

An attendee to the recent Cisco annual shareholders' meeting wrote that he was close to tears after watching a video of Cisco CEO John Chambers' visit to the Sichuan Province of China, immediately after the area suffered a devastating earthquake last summer.

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Report: Cisco planning hiring freeze

Cisco Subnet — Wed, 05 Nov 2008 18:55:08 -0500

Cisco plans to introduce a hiring freeze and halt business travel for employees in a bid to reduce expenses, reports Bloomberg. It's not clear how long the freeze would last.

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Cisco results not bad, but worse to come?

Cisco Subnet — Wed, 05 Nov 2008 17:16:50 -0500

"Not bad under the circumstances," was one analyst's comment on Cisco's Q1 results, which were released Wednesday. The company slightly beat Wall Street's expectation by reporting an 8% increase in revenue to $10.3 billion. Non-GAAP net income was $2.5 billion, or 42 cents a share, bettering analyst's expectation of 39 cents a share.

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Waiting for election results, Cisco results

Cisco Subnet — Tue, 04 Nov 2008 14:31:50 -0500

We're waiting with bated breath for tomorrow's announcements. Not only will we find out who our new president will be but we will also know how well (or not ) Cisco did during its first fiscal quarter. And if the nation does wake up to discover that John McCain is our new president we'll be holding some more breath as we wait to discover whether McCain does pick Cisco CEO John Chambers for the treasury secretary job.

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Analysts nervous about Cisco's financial earnings

Cisco Subnet — Thu, 30 Oct 2008 20:18:04 -0400

Cisco has managed to be in line or beat analysts' predictions for its financial results for at least the last four quarters, even in the midst of an economic downturn.

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Chambers: No mega acquisitions for now

Cisco Subnet — Wed, 06 Aug 2008 17:23:03 -0400

So we shouldn't expect a mega acquisition by Cisco anytime soon. According to Reuters, Cisco CEO John Chambers said no negotiations with large companies are underway at the moment, but that the company would "never say never." We guess that puts paid to the recent delicious rumor of Cisco buying EMC. Instead, Cisco is focused on small and midsized buys.

Glimmer of hope in Cisco's Q4

Cisco Subnet — Tue, 05 Aug 2008 17:00:44 -0400

Cisco's fourth quarter results signal that enterprise customers and service providers are still spending - or at least still ordering equipment - but Cisco CEO John Chambers is still cautious of the challenges caused by the macroeconomic environment and its effect on IT spending over the coming few quarters.

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Analysts see good things in Cisco's Q4

Cisco Subnet — Thu, 31 Jul 2008 20:40:22 -0400

Analysts expect Cisco to report a 10% hike in sales for its fiscal fourth quarter when the company reports its results on Tuesday, according to a post on MarketWatch. MarketWatch cites a survey by FactSet Research in which analysts say they expect the networking giant to report earnings of 39 cents a share on revenue of $10.31 billion.

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Cisco Q3 report due Tuesday, 10% boost in revenue expected

Cisco Subnet — Fri, 02 May 2008 16:24:31 -0400

Cisco is expected to report earnings of 34 cents on revenue of $9.76 billion, compared with 30 cents a share on revenue of $8.9 billion for the year-earlier period. The company reports on May 6. Analysts say that the sluggish economy has meant weak sales to enterprises in the U.S. but that this is expected to be offset by growth in Asia and perhaps even growth in sales to service providers. So reports the Wall Street Journal's MarketWatch blog.

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One financial analyst who's not worried about Cisco's business outlook

Cisco Subnet — Fri, 04 Apr 2008 18:37:06 -0400

UBS Warburg may have downgraded Cisco stock Thursday citing slowing orders and softness in U.S. and European enterprise markets, but on the same day, an analyst at Friedman, Billings, Ramsey gave Cisco an "outperform" coverage. According to an Associated Press report, FBR analyst Brian Coyne said demand for Cisco networking gear would continue at a pace faster that its competitors, and that its large size would allow it to move aggressively into new markets.

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Cisco Chambers says business outlook now brighter

Cisco Subnet — Tue, 04 Mar 2008 21:02:57 -0500

The market can breathe a sigh of relief - Cisco chief John Chambers says he's now more comfortable with the network giant's long-term growth prospects, according to a story on Bloomberg.com. When Cisco reported its fiscal second-quarter results last month, Chambers described the business outlook as "extremely challenging," a remark that sparked gloom on Wall Street and sent many bloggers lamenting that we are indeed headed toward a recession.

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Cisco: First came job cuts rumors, now bonuses are sliced in half

Cisco Subnet — Wed, 20 Feb 2008 20:00:20 -0500

More chatter that business is not so bright at Cisco: ValleyWag is reporting that Cisco has cut in half its mid-year bonuses, to be paid in March. According to ValleyWag, Cisco bonuses range between 4% to 60% of a worker's salary. Last week, Om Malik reported in GigaOm that Cisco is looking to cut staffing levels in underperforming departments. At the beginning of the month, Cisco CEO John Chambers said the outlook for the next few quarters was "extremely challenging."

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Is Cisco preparing for layoffs?

Cisco Subnet — Tue, 12 Feb 2008 18:33:37 -0500

Uh-oh. Om Malik, blogging in GigaOm says his sources are telling him that Cisco is looking to cut staffing levels in underperforming departments. Malik writes: "The cuts are going to be big enough to raise an eyebrow." He reckons that Frank Calderoni, who starts in his new job as Cisco CFO on Friday, will have to preside over the layoffs. It's been a while since Cisco made largescale cuts in its staffing numbers ...

Malik checked in with Cisco PR folks for a response, which was:

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Cisco CFO to ring Nasdaq opening bell but timing is a bit unfortunate

Cisco Subnet — Mon, 11 Feb 2008 12:32:31 -0500

Cisco CFO Dennis Powell, who plans to retire Friday will Tuesday ring the Nasdaq opening bell, along with his replacement Cisco Senior Vice President Frank Calderoni. Cue the usual photo opp of some suited execs beaming from the atop the Nasdaq trading floor and more photos of more suited execs outside Nasdaq MarketSite at 4 Times Square in New York.

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Cisco Chambers describes business outlook as 'extremely challenging'

Cisco Subnet — Wed, 06 Feb 2008 19:39:52 -0500

"Extremely challenging" was how Cisco CEO John Chambers described the outlook for the next few quarters, as Cisco Wednesday reported its fiscal second-quarter results that matched analysts' expectations. Sales were up 16.5% year over year with Cisco finishing its most recent quarter with earnings -excluding charges - of $2.4 billion, or 38 cents per share, on $9.8 billion in revenue. Chambers said: ""We are seeing our U.S. and European customers becoming increasingly cautious.

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Analysts cautious for Cisco's earnings report on Wednesday

Cisco Subnet — Mon, 04 Feb 2008 19:34:25 -0500

The outlook for Cisco's earnings report on Wednesday doesn't look terribly bright according to the comments from various financial analysts dugg up by Eric Savitz, a blogger for SeekingAlpha. You'll remember that in November, despite posting an awesome first-quarter profit that were in line with analysts' estimates, Cisco's sales to its largest 25 customers declined. Eight of them were financial services companies feeling the heat from the mortgage crises.

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Cisco shareholders want answers to Cisco's role in repressive nations

Cisco Subnet — Mon, 12 Nov 2007 19:29:37 -0500

Cisco investors at the company's annual shareholders' meeting this Thursday are expected to quiz Cisco about its business in repressive nations such as China and Saudi Arabia, according to Light Reading.

Investors want to know how Cisco plans to reduce the chances of its equipment being used to repress privacy of freedom of expression, reports the news site. It cites investment company Boston Common as leading the charge of investors wanting definitive answers to how Cisco plans to conduct business in those countries.

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