Does anyone know what needs to be fixed to get the ship to turn 180 degrees? Impossible to move this massive disaster. Here is an interesting article that has been recently floating... https://www.futuriom.com/articles/news/heres-what-cisco-should-fix/2024/06
As for the 5 year chart on CSCO so far in a technology bull market, CSCO performance is -12.24% and you can compare it to its peers yourself.
If simplicity is the message everywhere, why does it not mean in Cisco's portfolio? So much diversification is ki-ling the company vs a handful of strong products in the core business of Networking and Security. Arista and Broadcom duo rocket is taking off and let's see where they are in 3 years from now compared to CSCO. I am not even talking about DELL, HPE, NVIDIA, AMD, etc. suppliers who will do very well selling into the large customers.
Enterprise Networking is declining and Arista is coming after it with a focused agenda. it also hired a few Cisco execs recently as well to build some Sales bench.
A $28B failure with Splunk will be easy to watch if it can really compete with the big heavyweights such as Palo, Crowdstrike, Datadog and Dynatrace. The cloud providers are also not sitting still as well with their integrated offerings.
There is no innovation and ELT should be responsible along with cleaning the SVP layer at the leadership level. Where are the metrics on their comp on performance, market share, etc. being weighted much higher than other metrics? These folks make decisions that impact 80K folks and the industry.
You will see YoY results soon on our core Networking business in a couple of months and judge for yourself if Cisco is turning around from result of acquisitions and layoffs