Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

RBC Capital Cuts Estimates on Cisco

RBC Capital cut its estimates on Cisco Systems (CSCO).

Analyst Sanjiv Wadhwani says that information technology spending continues to be delayed or reduced. While he believes Cisco is on track to meet his third quarter estimates due to a good March (after a slow start in February), the IT capital spending environment continues to remain tough. Wadhwani trimmed his 5% fourth quarter sequential growth estimate to 2% and his $5.0 billion revenue estimate to $4.9 billion; he maintains his $0.09 EPS estimate. The analyst cut his $19.14 billion fiscal 2002 (ending July) revenue estimate to $18.99B, and maintains his $0.31 EPS forecast. He also cut his $22.38 billion fiscal 2003 revenue projection to $21.74 billion and his $0.44 EPS forecast to $0.42. He lowered his price target for Cisco stock from $24 to $22. He notes that the company continues to take market share, and maintains his top pick rating on the shares.

blog comments powered by Disqus