Cisco’s Earnings to Show Recovery Already Underway 

 | Nov 15, 2022 01:27PM ET

  • Cisco sales are slowing as the company faces economic and supply-chain headwinds
  • Despite this short-term risk to its growth, Cisco is a solid stock to own
  • Cisco is the biggest maker of equipment that power corporate networks and form the backbone of the internet
  • There are many reasons to be concerned about the technology industry these days. Both small and large companies are cutting back on spending after a decade of investment boom as the economy enters a slow patch or a potential recession next year.

    These headwinds have also hurt Cisco Systems (NASDAQ:CSCO). Shares of the IT and networking brand specialized in switches, routers, cybersecurity, and IoT (Internet of Things) are down about 30% this year amid signs that demand for networking gear is slowing.