Cisco issues warning about performance

CEO says company lost its way


Cisco Systems Inc. has backed off previous growth expectations for its fiscal year that starts Aug. 1, prompting some Wall Street analysts to downgrade the company’s stock to neutral, according to a Reuters report.

Cisco CEO John Chambers said the company has lost its way.

"The company is a tanker ship that will require multiple quarters to fix its long-term financial model," brokerage Gleacher & Co. said in a note to clients, according to Reuters.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

I agree to this site's Privacy Policy.