The company really needs to explore new markets, such as launching a smartwatch worthy of the Apple name. Otherwise, the views of Wall Street analysts will win out in terms of the firm's stock price, which ultimately has an impact on the resources it has to innovate.
Networking gear firm JDS Uniphase said delays in major orders by customers resulted in an increase in net loss and revenue that failed to meet Wall Street's expectations.
Not everyone is following Jim Cramer's recommendation to buy Cisco's stock. In fact,Cisco's CMO, Katherine Blair Christie, just sold over $1 million worth of stock, bringing her total Cisco stock sale to $2.7 million so far this year.