Three: spending. “Our surveys suggest Cisco is gaining more momentum in the market with end customers,” he said. “We think it will lead to an improving spending trend over the next several quarters.”
These forward-looking factors, however, do not parlay into out-of-the-park results tonight, Theodosopoulos said. At best, “they’ll be okay.”
Other networking companies saw weakness in the service provider market last quarter, and he expects a similar outcome for Cisco .
“I think Cisco started out their quarter a bit soft, so I don’t think tonight’s results will be phenomenal,” he concluded.
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The analyst covering this company, a member of his or her team, or one of their household members has ownership positions in Cisco and Juniper Networks. Within the past 12 months, UBS Securities has received compensation from Cisco.
Follow Jennifer Leigh Parker on Twitter @jparker741 .