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Analysts See Cisco Headed for Profitable Q3

Networking giant Cisco Systems is set to report its third-quarter fiscal earnings on Wednesday, and analysts are looking for a healthy profit.

And Cisco's been busy lately, making moves in its enterprise, small business, carrier and collaboration businesses. All that activity has analysts looking for earnings of 39 cents per share on revenue of $10.2 billion.

Enterprise Networking Planet looks ahead to Cisco's third-quarter earnings.

Networking vendor Cisco Systems (NASDAQ: CSCO) is set to report third-quarter fiscal 2010 revenues today that could show a continued recovery in global networking spending.

Cisco's second quarter was a positive one, with net revenues of $9.8 billion, which was an 8 percent year-over-year increase. The goal for third quarter is even more optimistic. During Cisco's second-quarter investor call, CEO John Chambers provided revenue guidance for its second fiscal quarter of an increase in the range of 23 to 26 percent compared to the same quarter in 2009.

Wall Street analysts predict earnings of $0.39 per share on revenues of $10.2 billion according to Thomson Reuters -- an upswing from the $8.2 billion reported last year.

Read the full story at Enterprise Networking Planet:
Cisco's Third Quarter: Busy and Profitable?