- Economy Will Slow Cisco: Lazard
Lazard Capital Markets’ Ryan Hutchinson lowered his expectations on CIsco because recent economic downturn makes its difficult to achieve the 12%-17% growth for now. He reduced F2009 and F2010 revenue and profit estimates, largely because he sees weakness in enterprise IT spending as well as further deceleration in service provider capex. New estimates: F09 rev $42.0B (was $43.4B). F10 estimate goes to $46.5B (was $48.5B.)