Wall Street, Gear Makers Await Cisco 2Q Results
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Cisco Systems is expected to report solid sales and earnings after the bell Wednesday. Enterprise Networking Planet has the full preview and takes a closer look at what the network-equipment maker's earnings and forecast means for the rest of the IT industry.
Is the market for networking gear in recovery? It's a question that will partially be answered today when networking giant Cisco Systems (NASDAQ: CSCO) reports its second-quarter fiscal 2010 revenues.
During Cisco's first-quarter investor call, CEO John Chambers provided revenue guidance for its second fiscal quarter of an increase in the range of 1 percent to 4 percent, compared to a year earlier.
Wall Street analysts predict earnings of $0.35 per share, according to Thomson Financial -- an upswing from the $0.32 it posted a year ago, when revenue topped $9.1 billion.
If Cisco makes good on those predictions, it will be the second major sign from networking vendors that a turnaround may be near.Juniper reported its fourth-quarter 2009 earnings last week, with revenue of revenue of $941.5 million, up by 2 percent on a year-over-year basis.
Executives noted that they see the market for networking improving, led in part by the service provider segment.