Cisco Misses Casting Shadow on CEO's Turnaround

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Nov. 14 (Bloomberg) -- Cisco Systems forecast its first quarterly sales decline in four years, sending shares down 10 percent and adding to evidence that CEO John Chambers’s turnaround plan is sputtering. Betty Liu reports on today's "Movers & Shakers" on Bloomberg Television's "In The Loop." (Source: Bloomberg)

The cisco ceo, john chambers, who just forecasted the first quarterly sales decline in four years.

That sent shares tumbling in after-hours trade.

Down about 10% and the premarket.

He has been the ceo since 1995, one of the longest-serving and corporate america.

He started remaking cisco two years ago.

But the turnaround does not appear to be taking hold.

Sales in the current quarter will fall as much as 10%. analysts were predict in a four percent increase.

Something to watch.

We are watching earnings.

Analysts cut the forecast for

This text has been automatically generated. It may not be 100% accurate.

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