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The quarterly results from Cisco Systems can not renew the waning love affair of Wall Street by the manufacturer of networking equipment, but for investors seeking a stable and predictable, the company should not disappoint.
“The fourth quarter is typically the strongest of Cisco, but should only be stable on the year,” said Tim Long, an analyst at BMO Capital Markets in a note to clients. “Cisco has worked much better at the end of the period and is doing a solid job of managing what is under your control.”
Analysts on average expect earnings per share of $ 0.45 on revenue of 11.61 billion dollars when Cisco disseminate its results for the fourth fiscal quarter on Wednesday.
The company, founded in 1984, has fulfilled its promises since it launched a major restructuring program for just over a year, including job cuts and cost savings to make the company leaner and more efficient.
The California-based company surprised investors three months ago when chief executive John Chambers warned that the macroeconomic conditions in Europe could affect technology spending.
As the forecast for fiscal 2013, Cisco must remain cautious about Europe and expenditures of the federal government, which shall appear on the expectations and the stock price, analysts said.
Cisco’s shares have gained nearly 26 percent over the past 12 months, but have depreciated 2.1 percent so far this year, after the close Friday at $ 17.47.