More on Cisco's (CSCO) analyst day: The company is cutting its sales growth forecast for the...

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

More on Cisco's (CSCO) analyst day: The company is cutting its sales growth forecast for the next 3 years to 5-7%, below a prior long-term forecast of 12-17%. Cisco expects its addressable market to grow 7-8% during this time, with strong growth in wireless, virtuallization, and collaboration offset by switching and routing weakness. Shares are now up 2.4%.