Cisco Earnings: Hoping to Evade 'Air Pockets'

(TheStreet) -- There are hints that Cisco's CSCO second-quarter results, released after market close on Wednesday, will signal a modest turnaround in the company's fortunes. Cisco shares took a pounding after it gave weak guidance with its first-quarter results in November, and investors started to question the company's long-term strategy. Analysts seem bullish, though. Goldman Sachs GS analyst Simona Jankowski is expecting a solid quarter from the switch maker. "Cisco has never before missed its previously-issued guidance," she wrote in a recent note. "Our checks, as well as earnings reports so far from companies in Cisco's ecosystem EMC EMC, IBM IBM, Juniper JNPR, Broadcom BRCM, Xilinx XLNX, AT&T T, and Verizon VZ, among others), have not pointed to another leg down in its business." Continue reading the article.