Cisco Systems’ (CSCO) fourth quarter results were a significant improvement over prior quarters, with both revenue and earnings
growing sequentially.
Of particular note is the growth
in orders, which indicates a bottom for CSCO.
Improving operating performance, solid financials, a
sound restructuring policy and new growth initiatives
are the drivers behind our Outperform rating.
However, we caution investors about the increasing
competition, market share losses, complicated
decision making process and integration risks.Zacks Investment Research
