Cisco Earnings: Hoping to Evade 'Air Pockets'
February 09, 2011 3:25 PM
(TheStreet) -- There are hints that Cisco's (NASDAQ: CSCO) second-quarter results, released after market close on Wednesday, will signal a modest turnaround in the company's fortunes.
Cisco shares took a pounding after it gave weak guidance with its first-quarter results in November, and investors started to question the company's long-term strategy.
Analysts seem bullish, though. Goldman Sachs (NYSE: GS) analyst Simona Jankowski is expecting a solid quarter from the switch maker. "Cisco has never before missed its previously-issued guidance," she wrote in a recent note. "Our checks, as well as earnings reports so far from companies in Cisco's ecosystem EMC (NYSE: EMC), IBM (NYSE: IBM), Juniper (NASDAQ: JNPR), Broadcom (NASDAQ: BRCM), Xilinx (NASDAQ: XLNX), AT&T (NYSE: T), and Verizon (NYSE: VZ), among others), have not pointed to another leg down in its business."
