Analysts were blindsided, and scrambled to adjust their earnings outlooks. But the more vexing issue is Cisco's horrendous guidance in recent months. Nevertheless, he predicted that Cisco would return to 30 per cent to 50 per cent growth at some point. I'm not looking at this with unrealistic optimism. Clearly, that optimism faded by the time of the Financial Times interview less than two weeks later, noted Hunter.
Misery does love company.