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Cisco Systems' Decline in Revenue, Net Loss Leave Wall Street Watching.
Byline: Jennifer Files
May 8--The day Cisco Systems warned about has arrived.
The San Jose networking giant will report its first-ever decline in revenue and its first net loss as a public company today, and Wall Street will be watching for signs of what happens next.
Cisco predicted last month that its revenue will decline 30 percent to $4.7 billion in its fiscal third quarter, which ended in April. The company is expected to report a small profit from operations but a large net loss after one-time charges that could total $3.5 billion.
Cisco has said it will provide some details today about the changes it made when it laid off 8,500 …
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