Cisco (CSCO -1.2%) mentions during its analyst day it expects long-term growth of 5%-7% - that...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Cisco (CSCO -1.2%) mentions during its analyst day it expects long-term growth of 5%-7% - that modest target, the result of slow switch/router growth, explains Cisco's aggressive efforts to return cash. Total gross margin is seen holding steady, even though Cisco wants to double software sales over the next 5 years and forecasts a 9%-11% services CAGR. John Chambers says Cisco has gone too long without a major acquisition (NDS apparently doesn't count) - NetApp (NTAP) has been viewed as a possible target.