“We expect the focus to be on the changes being made at Cisco and not so much on the quarter itself. Expectations for the quarter are low,” said analysts at BMO Capital Markets in a note.
“Regardless, we expect the shares to remain range-bound in the near term as Cisco attempts to execute on its new refined strategy, and the Street gets a sense of how it will all play out,” they added. “We believe any recovery in sales and especially margins will take time.”
PowerShares QQQ
