Cisco Falls On Weak Guidance, Remains Acquisitive

Cisco remained acquisitive during the quarter to bolster its product portfolio and even signed a crucial agreement with Ericsson, which should help its growth in the long run. Also, the company believes that its routing sales, which fell 8% in Q1, can recover in the coming quarters with good order growth and better performance from new platforms. From a long-term perspective, routing sales should benefit from Cisco?s elevated focus on security, which can help it fend off competition from white-l...