Much can change in a week in Cisco’s world, apparently. Last week, Eric Savitz of Barron’s Online was writing about warnings from financial analysts that Cisco may not meet its enterprise and service provider sales numbers. But on Wedneday, Savitz reports that Goldman Sachs analyst Brantley Thompson is telling investors that all is hunky dory.
According to Savitz, Thompson wrote in a research note that: “there is a high likelihood of Cisco beating [Goldman Sachs’] and the Street’s estimates of $8.8 billion in revenues and EPS of 33 cents (including Scientific Atlanta by ex-stock options expense).”
Apparently Cisco management will “put concerns around slower U.S. large cap tech spending to rest,” and that this “represents only 13% of sales” anyway, which Goldman believes will rebound.
What the analysts will say next week about Cisco’s figures is up for debate.
