It blamed weak demand in emerging markets and from service provider customers as well as a backlash against US government spying in China. So apparently those with fortunes tied up in Cisco are drowning their sorrows having early morning drinks while contemplating if what it feels like to hit the pavement at terminal velocity after casting yourself from the tallest building in the area.
Cisco is expected to be as gloomy as a Game of Thrones wedding and the company has warned people to expect the worst. Apparently there are some investors who are hoping that it might have just been setting the bar low so that its results appear better by comparison. But with few signs of improvement from the broader market, any hopes of a quick turnaround have faded.