Cisco Systems (NASDAQ:CSCO) Asks Shareholders for Patience

After another weak quarter, investors in Cisco Systems (NASDAQ:CSCO) were shaken up again, as the company reported a decline in its core switch business for its fiscal second quarter.

Lower margins also drained confidence in the company.

Chief Financial Officer Frank Calderoni said Tuesday at an investors conference, that "You have to bear with us for a quarter or two, knowing we're focused on the long term."

One major step the tech giant is taking is transitioning to new switching products, as it continues to struggle to maintain its leadership in the networking business.

Cisco was trading at $18.67, down $0.14, or 0.72 percent, as of 1:30 PM EST.