Cisco is Expanding, but Wall Street Exceptions are Low
Cisco has not been doing well in the last four quarters, throughout which its stock dived by over 30 percent. The networking giant is now busy doing some damage control and recovery, starting with CEO John Chambers recently eliminating the slow, council-based decision-making system that seems to have been holding the company back. Nevertheless, while Cisco announced it is reshaping its focus around its core switches and networking business, that doesn’t mean it has abandoned all of its other ventures.
One of these ventures is the upcoming Cius Android-powered business tablet, which will apparently connect to AT&T’s HSPA+ wireless network.
“Cisco’s partnership with AT&T doesn’t end with wireless connectivity. The companies also said they’re “collaborating” to enlist the help of third-party developers to bring business-focused applications to the tablet.”
The 7-inch Cius is set to launch this fall, and is a part of a wider effort by Cisco to move away from the consumer market. This business tablet will represent Cisco’s entry to yet another market when it will launch, though Wall Street doesn’t seem to think the networking company’s plans will have any short-term affect.
Analysts expect Cisco will report third quarter earnings of 37 cents a share on revenue of $10.86 billion – which is not much at all. Expectations for Cisco are low, but, that may just be a good sign according to some. The networking giant is currently a “work in progress” as ZDNet called it, and Wall Street is acknowledging the company’s process to recovery.
Head John Chambers and others are pushing hard to restructure the company, and one of the more recent developments is a new partnership with Xerox. Cisco will now resell Xerox’s printing services, and the latter will resell the networking giant’s cloud offerings to its customers as a part of the agreement.
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