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. This has some analysts being cautious for Cisco’s second-quarter results, with some fearing softness from Cisco’s enterprise business. Probably comments from John Anthony of Cowen says it all: “We had hopes that visibility into Cisco’s near-term prospects would have improved by this point; unfortunately it has not…end-demand for Cisco’s products, especially that associated with enterprise and commercial customers, seems to be deteriorating across multiple verticals and geographies.”
More from Cisco Subnet:
* Quiet Cisco PIX end-of-sale notice kindles PIX trade-in offer from Astaro
* Cisco’s new CCDE certification: Is it really necessary? Also CCIEs, meet your new boss!
* Cisco warns Tomcat flaw could harm its Wireless Control System
* Help us find useful Web sites for Cisco networking pros
Go to Cisco Subnet for more Cisco news, blogs, discussion forums, security alerts, book giveaways, and more.
Recent Cisconet blog entries
Network World’s IT Buyer’s Guide: Cisco products
Subscribe to Network World’s Cisco Alert, which includes a weekly digest of all Cisco Subnet items
