Replies to post #19343 on The Rising Influence of Rising Affluence

[DewDiligence]

CSCO guides to down quarter:

https://www.wsj.com/articles/cisco-projects-reduced-revenue-in-current-quarter-11573683289

Cisco Systems…projected its first quarterly revenue decline in more than two years, blaming what it called a pause in customer spending.

The company, considered a proxy for corporate high-tech hardware demand, expects revenue to fall 3% to 5% this quarter. Analysts polled by FactSet were expecting revenue to increase by about 2.4% to $12.75 billion.

The quarter in question is the one ending 1/31/20 (FY2Q20).