#WR: Is important the alert from Cisco that projects annual sales decline? This is the point of a
@WSJ story written by M. Armental. #Cisco -networks maker - observes "heightens uncertainty" due to #COVID19. We have to see the reports from other US #tech leaders for a conclusion.
Two days ago, in the conference with investors and analysts about the fall of the sales of the network equipment and systems during the first financial quarter of 2020, Cisco Systems warmed that the current uncertainty makes difficult to prevent good businesses opportunities and revenues during the rest of the current year.
The Wall Street Journal analyzes this alert from the American leader of network equipment and systems in a story where the writer marks that Cisco is very conservative in its forecasts, but the explanation given to the analysts is serious.
We have to observe that Cisco is always one of the first tech leaders in post its profits and revenues during the year. For this reason, I think that we have to wait for the next reports of other companies that deal their stocks in the Wall Street markets. After that, we have more elements to make a conclusion.
SOURCES:
#WR: Is important the alert from Cisco that projects annual sales decline? This is the point of a
@WSJ story written by M. Armental. #Cisco -networks maker - observes "heightens uncertainty" due to #COVID19. We have to see the reports from other US #tech leaders for a conclusion.cISC
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"Cisco Projects Annual Sales Decline as Coronavirus Heightens Uncertainty" by Maria Armental, WSJ, May 13, 2020
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