More than Cisco’s actual results, the industry — and, likely, everyone with an investment in the US and global economy — is waiting to hear what Cisco sees on the horizon following its fiscal third quarter. Cisco reports results on May 6.
Juniper noted stability in carrier and enterprise spending and guided to a flat Q2, indications that we may have hit bottom — in tech, anyway — in the current economic recession. Juniper’s stock shot through the roof after its comments and guidance.
Now it’s Cisco’s turn to possibly inject more optimism into a downtrodden market. The actual figures won’t be inspiring — analysts expect Cisco to post a 17% decline in revenue for its April quarter, and a 34% drop in earnings per share.
But it’s what the company will say about fiscal Q4 and Q1, 2010, that will have analysts, economists, investors and everyone else with a pulse on the edge of their seats. Has spending stabilized? Will revenue and earnings at least match that of Q3? Have we hit bottom?
We can hardly wait til next Wednesday.
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