Trouble ahead.

http://investor.cisco.com/investor-relations/news-and-events/news/news-details/2017/Cisco-Reports-Third-Quarter-Earnings/default.aspx

05/17/2017

SAN JOSE, CA -- (Marketwired) -- 05/17/17 -- Cisco (NASDAQ: CSCO)

Q3 Revenue: $11.9 billion

-- Decrease of (1)% year over year

-- Recurring revenue was 31% of total revenue, up 2 pts year over year

Q3 Earnings per Share: $0.50 GAAP; $0.60 non-GAAP

Q4 FY2017 Outlook:

-- Revenue: (6)% to (4)% decline year over year

-- Earnings per Share: GAAP $0.46 to $0.51; Non-GAAP: $0.60 to $0.62

Stock trading 32 after market down 5%

Comment! It's anonymous!

4 replies (most recent on top)

@vfb WOW

-6% forecast for q4....The company's best quarter. This is a sinking ship.

Also, "August 2016, we announced a restructuring plan in order to reinvest in our key priority areas in which up to 5,500 employees would be impacted, with estimated pretax charges of approximately $700 million. In May 2017, we extended the restructuring plan to include an additional 1,100 employees with $150 million of estimated additional pretax charges."

Impacted 1100 people in May.

Why is it 5% down?

Thread regarding Cisco Systems Inc. layoffs

Trouble ahead.

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