Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Aerospace & Defense
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Campaign Polling
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Anatole Kaletsky
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Mark Leonard
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Olympics
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
London bids adieu with musical madness, U.S. tops table
|
5:43am EDT
Jennifer Aniston engaged to actor Justin Theroux
9:47am EDT
World over-using underground water reserves for agriculture
10 Aug 2012
Gunmen kill Egyptian tribal leader and son in Sinai
|
12 Aug 2012
Insight: Bo's brand of justice leaves timebomb for China
12 Aug 2012
Discussed
176
Obama urges ”soul searching” on ways to reduce gun violence
137
Obama’s lead over Romney grows despite voters’ pessimism
122
Romney to announce vice presidential choice Saturday
Sponsored Links
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Battle for Aleppo
The battle for Syria's biggest city. Slideshow
Bolt's double gold
Usain Bolt proves lightning can strike twice by defending both his wins from Beijing. Slideshow
Cisco's fourth quarter won't sparkle, but will deliver
Tweet
Share this
Email
Print
Related News
Wall Street falls as Europe hits earnings; Apple falls
Tue, Jul 24 2012
AT&T weaker business outlook dampens wireless strength
Tue, Jul 24 2012
EMC stands by outlook despite weaker tech spending
Tue, Jul 24 2012
VMware to buy network virtualization firm for $1.05 billion
Mon, Jul 23 2012
Xerox cuts earnings target on weak European demand
Fri, Jul 20 2012
Analysis & Opinion
Knight Capital’s filings reveal scant oversight focus on tech risks for board
Related Topics
Tech »
The Cisco logo is displayed at the technology company's campus in San Jose, California February 3, 2010.
Credit: Reuters/Robert Galbraith
By Nicola Leske
Mon Aug 13, 2012 8:02am EDT
(Reuters) - Cisco Systems fourth quarter results may not renew the spark in Wall Street's fading love affair with the network equipment maker, but for those investors looking for a steady and predictable relationship the company is unlikely to disappoint.
"The fourth quarter is typically Cisco's strongest, but it is only expected to be flat quarter-on-quarter," Tim Long, an analyst at BMO Capital Markets, said in a note. "That said, Cisco has executed much better of late and is doing a solid job of managing what is within its control."
Analysts on average expect earnings per share of 45 cents and revenue of $11.61 billion when Cisco reports its fiscal fourth quarter on Wednesday.
Cisco, founded in 1984, has delivered on its promises ever since it launched a major restructuring program just over a year ago that included job cuts and cost savings aimed at making the company leaner and more efficient.
The San-Jose, California based company spooked investors three months ago, however, when Chief Executive John Chambers cautioned that macroeconomic conditions in Europe could hurt technology spending.
Some analysts said at the time that tech spending may rebound in the second half of the year as it did last year.
Deutsche Bank analyst Brian Modoff said recent signs were showing that enterprise IT spending in the United States was stabilizing and that IT spending among Fortune 100 companies was improving modestly.
"We note that large telcos such as Verizon Business and AT&T are in the process of meaningfully scaling out their Cloud services infrastructures, an attractive near-term growth opportunity for Cisco's data center equipment sales," Modoff said.
Ehud Gelblum, an analyst with Morgan Stanley, said that accelerating demand from service providers primarily in North America in the second half of 2012 would likely offset slower orders in enterprise, Cisco's exposure to Europe and flat public sector spending.
In its fiscal 2013 outlook, Cisco is expected to remain cautious on Europe and federal spending, though that will likely be factored into expectations and the stock valuation, analysts said.
Cisco's shares have gained almost 26 percent over the last 12 months, but is down 2.1 percent year-to date. They closed trading Friday at $17.47.
The company's shares trade at 9.2 times estimated 12-months forward earnings, which is a discount to smaller rival Juniper Networks, whose shares are valued at 20 times, according to equity research firm StarMine, which gives more weight to estimates from analysts with a better track record.
Most analysts shrugged off Cisco's competitive threats from technological developments such as software defined networking (SDN), an area where VMware recently made a major acquisition, in the near-term.
"Longer term, while the competitive threat from SDN seems real and could potentially undermine some of Cisco's core businesses, it is still a long way from being broadly deployed across networks," BMO's Long said.
VMware said last month it would acquire privately held Nicira Inc for $1.05 billion. Nicira sells software that lets customers create virtual networks that can operate independently of underlying physical networks in what is called software-defined networking.
"We believe the common perception that VMW's acquisition of SDN upstart Nicira signals eventual commoditization of Ethernet switches is grossly misguided," Gelblum said.
(Reporting By Nicola Leske; Editing by Peter Lauria)
Tech
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.