Cisco CEO: The situation in China is temporary
Sundry Photography/iStock Editorial via Getty Images


In an interview on CNBC's Mad Money, Chuck Robbins, the CEO of Cisco (NASDAQ:CSCO) said, he's starting to see some improvement in the supply chain. He remains "fairly optimistic" near term and "feels good" about the markets Cisco participates in.

"At the low end of guidance, he expects the company to deliver record EPS this year." Last month in Q3 earnings, Cisco (CSCO) also lowered its full-year earnings forecast to between $3.29 and $3.37 a share ($3.36 consensus), down from a previous outlook of $3.41 to $3.46 a share.
Last week, Morgan Stanley took a dive into the campus networking space and expects that while rivals are looking to press dominant Cisco Systems in that market, Cisco doesn't tend to lose share as fast as might be expected.
Check out "Cisco was just crushed by earnings, but is the blue-chip stock still a long-term buy?"