While some financial analysts are cutting their expectations for Cisco’s earnings for the rest of the fiscal year, MarketWatch is reporting that analysts expect Cisco to post solid Q2 results. Wall Street is expecting the networking giant to report an 8% slide in revenue to $9 billion.
According to MarketWatch, Mark Sue of RBC Capital Markets is telling investors that: “The shock to the system seems to have dissipated yet the outlook still remains challenged as it relates to corporate and service provider projects.”
The story is reports that some analysts are concerned with how sucessful Cisco will be breaking into areas of the data center that is dominated by established players such as HP and IBM.
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