Orders improved during the quarter, according to UBS
Cisco is expected to report Q4 results at the high-end of guidance provided when it reported its Q3 numbers 3 months ago. Investment firm UBS cites an improving order trend during the quarter, based on its channel checks.
Cisco guided to a 17% to 20% decline in revenue for Q4 from year ago results. That means Q4 revenue will range from $8.29 billion to $8.6 billion — up $100 million to $400 million from Q3’s $8.2 billion.
UBS has raised its own expectations to $8.529 billion from $8.447 billion, and earnings per share by a penny. The firms says this is due to June and July orders ahead of plan, offsetting a flat to down May.
As a result, UBS expects Cisco to be more upbeat in its guidance for Q1, 2010. The firm expects Cisco to forecast flat to modest sequential growth in Q1 and UBS itself expects sales to grow 1% from Q4, ’09.
Not quite as bullish as other estimates but we’re sure Cisco will take it.
More from Cisco Subnet:Win training and books from Cisco SubnetCisco Alert newsletter. Like RSS readers? Subscribe to the Cisco Subnet RSS feed
- Can Cisco benefit from Avaya/Nortel deal?
- Move to FCoE expected to favor Cisco, NetApp
- Alcatel-Lucent follows Juniper with 100G Ethernet; where’s Cisco?
- Juniper tries to pound spike into Cisco’s heart
- Password Cracking with CUDA
- Cisco Releases substantial update to its Enterprise Security Management Platform
- NANOG46 and Cisco Live had Significant Focus on IPv6
Like e-mail? Subscribe to the
Follow Cisco Subnet on Twitter.
