Cisco offers in-line revenue guidance, shares -4.3% AH


Cisco (CSCO) doesn't waste time on its CC to announce it's guiding for FQ3 revenue to drop 6%-8% Y/Y, in-line with a 7.1% consensus.

John Chambers mentions emerging markets orders only fell 3% Y/Y in FQ2, after dropping 12% in FQ1. However, service provider orders fell 12% after falling 13% in FQ2; that figure likely suggests additional share loss.

Shares have sold off in response to the remarks.

FQ2 results, details/dividend hike

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