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Amid a Mixed Outlook for IT, Investors Await Cisco's Software Makeover

With a mixed outlook for IT spending, investors will look for proof that Cisco (CSCO) is making progress in its transition to software and recurring revenue models during the company's fiscal fourth-quarter earnings call after the market close on Wednesday.

Wall Street forecasts earnings of 60 cents per share for Cisco on sales of $1.257 billion, according to FactSet.

Cisco is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be...