Cisco (CSCO) guides on its FQ2 call for 4%-6% Y/Y FQ3 revenue growth and EPS of $0.48-$0.50, in-line with.a consensus of 5.5% growth and EPS of $0.49. Gross margin is expected to fall to 61%-62% from FQ2's 62.3%. Orders were flat Y/Y in FQ2, and book-to-bill slightly below 1. Investors are taking the news in stride, shares +0.1% AH. (webcast)
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