Eric Savitz, Blogger and Columnist, Barron's

Cisco Slumps Ahead of Earnings Wednesday; Will Chambers Blow Up the Market Again?

February 5, 2008 at 12:04 am PT

Cisco Systems shares are under pressure, ahead of the company’s Wednesday afternoon announcement of earnings for its fiscal second quarter ended January. The looming Cisco results are giving some investors the jitters, given what happened the last time they reported earnings: CEO John Chambers cautioned that the company was seeing a year-over-year decline in U.S. enterprise orders, and the broad stock market plunged.

While certainly investors will be watching for any sign of trouble in the January quarter results, the real issue is going to be what the company says about the rest of its fiscal year, which ends in July.

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Tagged with: Barrons, Cisco, earnings, Eric Savitz, John Chambers

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