Cisco (CSCO) Getting Previews for Next Earnings Report Already

Analysts are already weighing in on the next earnings report from Cisco (NASDAQ:CSCO), which is scheduled for the middle of May.

Oppenheimer analyst Ittal Kidron wrote in a note that he sees Cisco sales growth for the current quarter lining up with expectations, but isn't as certain on margin trends.

“While Cisco has taken steps to realign and refocus on its core, these could take time to materialize. We feel there’s more to do and it’s unclear whether these actions can improve margins on a sustainable basis or just slow a downward trend,” said Kidron.

Oppenheimer maintains an "Outperform" rating on the stock, although they did lower their earnings estimates citing share losses in several segments.

They said, "We’re reducing our estimates across the board reflecting macro headwinds including Japan, consumer restructuring and competitive pressures in core businesses (routing, switching) and other areas (security, WLAN, application networking). The Street has yet to adjust estimates."

Cisco was trading at $17.33, up $0.14, or 0.84 percent, as of 11:27 AM EDT.