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10 Biggest Takeaways From Cisco's Q3 Earnings

Here are the 10 biggest takeaways from Cisco third fiscal quarter earnings report, which includes more company layoffs and a weak guidance for Q4.

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Huawei Is A 'Very Strong Competitor'

Although Huawei doesn't have a significant presence in North America, the Chinese networking and telecommunications giant appears to be on Cisco's mind. When questioned about competition in the service provider and emerging geographic markets, Robbins said Huawei "is a very strong competitor."

"I don't feel like it has increased significantly in the emerging countries," said Robbins. "It's been pretty consistent there, and our teams know how to compete and we continue to evolve our strategy and bring different tools to help them compete."

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