NEW YORK (
stock down 33% in the last year, the struggling networking giant's poor performance has put CEO John Chambers' leadership in question.
In a poll that ran last week, more than 65% of
readers said Chambers should step down from the company and make room for new blood. Of the 672 readers who participated in the survey, 35% said Chambers should get more time to turn Cisco around.
last week, has seen shares tumble as it refocuses on its core networking business.
As Cisco's shares languish, competitors like
are prospering. Juniper's shares have increased more than 43% over the past year.
and vowed to turn the company around. Chambers' first action was to
; he also plans on implementing a headcount reduction this summer in an attempt to reduce $1 billion in costs by the end of fiscal year 2012.
--Written by Olivia Oran in New York.
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