By Sinead Carew NEW YORK (Reuters) – Investors who were shocked by Cisco Systems Incs dire financial outlook in its last quarterly earnings report are bracing for more bad news when the network equipment maker reports results on Wednesday. Cisco warned on November 13 that revenue would decline as much as 10 percent in its second fiscal quarter ended in January and that it would not resume growth for several quarters. Now, investors may face more gloomy predictions when the company reports fiscal second-quarter results after the market closes on Wednesday, according to analysts. I think the company is not going to be upbeat, said Raymond James analyst Simon Leopold.
Comments are closed.
