Analyst Commentary

Cisco is challenged to turn around its slumping network hardware business, but recurring revenue improved in 3Q17

Continued weakness in the network hardware market drove top-line declines, but Cisco software volume rose

Changes to financial reporting emphasize Cisco’s (NasdaqGS: CSCO) ongoing business transformation, supported by a higher volume of recurring software and services amid weaker demand for its network hardware. Routing and Switching sales declined in the quarter, as spending from large service providers weakened. The network hardware market, of which Cisco derives a significant portion of its Service Provider revenu...

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