Tough Time Ahead For Cisco Systems Inc. (NASDAQ:CSCO)
Cisco Systems, Inc. (NASDAQ:CSCO)’s stock plunged over 13% in the opening trade on last Thursday following the
company’s release of lower than expected revenue for its most recent quarter. Moreover its weak future outlook also aided the plunge in its stock price. The company forecasted 8% – 10% sales decline in the current quarter compared to the same period of prior year. This forecast seems to be in stark contrast to analysts estimations of around 4% year over year sales growth.
The Cisco Trouble
Cisco Systems, Inc. (NASDAQ:CSCO) executives cited number of problems ranging from cautious corporate spending across the economies, coupled with emerging nation economies and weakness in Asian and European economies. Moreover the company also pointed out at the Chinese issue that could pose considerable threat in the long run to Cisco as well as other industry players from the Western canadian pharmacy online counterpart.
The Related Stories
International Business Machines Corp. (NYSE:IBM) also reported considerate slowdown in the Asia Pacific region spending that significantly contributed to $300 million revenue decline in its most recent quarter. The company reported around 22% slowdown in China alone with casino online 5% decline in the region as a whole.
Juniper Networks, Inc. (NYSE:JNPR), another network infrastructure company, also reported 8% revenue decline from the canadian pharmacy online xanax Asia Pacific region on year over year basis.
Sweden based Ericsson (ADR) (NASDAQ:ERIC) also witnessed the hefty buy cialis online from uk 28% sales decline in its second largest northeastern Asia region.
The Great Wall of China
Besides the U.S. government canadian pharmacy androgel shutdown and European debt crisis, China’s indication towards massive policy shift largely trouble these network infrastructure companies including Cisco Systems, Inc. order generic cialis (NASDAQ:CSCO). The China’s possible change http://canadianpharmacy-rxonline.com/ in policy could have long term consequences as the country embarks ‘buy Chinese first’ campaign.
China is also appealing the local companies to support and invest in ZTE and Huawei products. Congressional intelligence committee document, released last year, suggested that China is countering the U.S. attempts that portray its tech companies as possible threat to American economic wellbeing and security.