Csco

Csco, John Chambers, CEO of Cisco Systems, Inc. (NASDAQ: CSCO), said at the press conference today that operating margins were not as weak, and that he still thinks that the growth of 12% to 17% should not be the problem.
He also spoke about the uncertainty in the current economic environment, and said it was more difficult than ever for him to read the signals. Math trends and growth numbers look good, but customers and the Fed is talking about the uncertainty and mixed environment, and that makes him worried.
Cisco Systems, Inc. (CSCO) is fighting on the out of hours. It fell 7.71%, and is currently trading around and 21.90.

Cisco (CSCO) Misses Earnings Estimates

While Cisco has missed Wall Streets expectations it is the top line revenue number that reveals a slowing revenue growth. Cisco failed to deliver the significant growth the market was hoping for.

Cisco Systems Inc Reports Q4 $0.43 v $0.42e, R $10.84B v $10.9Be

- Q4 Gross Margin 62.7% v 64% y/y and 63.9% q/q (calculated)
- Q4 Non-GAAP inventory turns 12.1 v 11.3 y/y v 11.1 q/q
- Q4 Service sales $2.03B v $1.8B y/y
- Q4 Cash Flow from operations $3.2B v $3.0B q/q and $2.0B y/y

Cisco Systems Inc Guides Q1 Rev 18-20% y/y (implies R$10.6B-10.8B v $10.9Be)

Cisco guidance for the next quarter is also down from the previous quarters guidance.

From May 12, 2010:   Cisco Systems Inc Guides Q4 Rev +25-28% y/y

Cisco stock price action following today’s  earnings announcement

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