Financial analysts want to know how Cisco (Nasdaq: CSCO) CEO John Chambers plans to turn around his company's flagging business and will be listening intently this afternoon when the company talks about its latest quarterly results.
"Cisco has underwhelmed investors for awhile now. The stock fell more than 15 percent last year. Chambers has been super cautious during conference calls about the economic environment. And it looks like the major cutbacks in government spending (especially at the local level) is one reason why Cisco has struggled of late," wrote CNNMoney.com's Paul La Monica, who called Cisco "the most unloved stock in the Dow Jones industrial average."
Analysts offered a variety of opinions of what Chambers and Cisco should do to right the ship, including potentially unloading its Linksys home networking router business but most agreed that Chambers, for now, appears safe in his leadership position "but he will have to show some improvement soon," Mark Oelschlager, a portfolio manager with Oak Associates, told La Monica.
For more:
- CNNMoney.com has this story
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