Today, analysts Andrew Tonner and Austin Smith discuss the outlook for Cisco. The company took a heavy loss following weak tech spending in Europe, and it recently finished another round of job cuts. The moves hurt in the short term, but the strategy could allow the company to weather the storm and take advantage when IT spending rebounds.
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The article Cisco Is Playing Chess originally appeared on Fool.com.
Andrew Tonner and Austin Smith have no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.