Cisco Systems, Inc. (CSCO)
Cisco Earnings: Product Orders Rebound, Revenue Outlook Above Views
Cisco reported fiscal Q1 earnings that fell from a year earlier but topped Wall Street estimates while revenue met views. The post Cisco Earnings: Product Orders Rebound, Revenue Outlook Above Views appeared first on Investor's Business Daily.
Cisco reports fourth straight quarter of declining revenue
Cisco's quarterly results surpassed expectations, and the company pushed up its full-year revenue target. Revenue dropped 5% from a year earlier, a fourth straight quarter of declines.
EARNINGS ALERT: CSCO
Cisco (CSCO) tops 1Q earnings estimates and raises FY25 guidance, but shares fluctuated in its initial post-report reaction. Kevin Green and Caroline Woods join Oliver Renick to dive into the legacy tech maker's latest earnings release.
Cisco raises fiscal 2025 revenue guidance as Q1 earnings beat expectations
Cisco Systems Inc (NASDAQ:CSCO, ETR:CIS) after Wednesday's closing bell outperformed expectations for the fiscal first quarter of 2025, guided revenue for the December quarter above Wall Street estimates and raised its full-year revenue forecast. The manufacturer of networking hardware, software and other technology products posted Q1 revenue of $13.8 billion, down 6% year-over-year but narrowly ahead of estimates of $13.76 billion.
Cisco sees product orders accelerate in the AI era
Networking company sees a 20% boost in product orders for the latest quarter.
Cisco raises annual revenue forecast
Cisco Systems raised annual revenue forecast on Wednesday, a sign of improving demand as the computer networking equipment maker shifts focus to cybersecurity, cloud systems and AI-driven products.
Earnings Preview: What To Expect From Cisco Systems
Cisco Systems is scheduled to report earnings after Wednesday's close. In 2000, the stock hit a record high near $82/share and is currently trading near $60/share.
Cisco Reports Earnings Today. Expectations Are High After the Stock's Rally.
Analysts surveyed by FactSet expect the company to post earnings of 87 cents a share on revenue of $13.78 billion.
AI startup CoreWeave closes $650 million secondary share sale, with Cisco joining as investor
CoreWeave, a cloud provider specializing in Nvidia graphics processing units, announced a $650 million secondary share sale, with Cisco and Pure Storage joining financial investors. The Nvidia-backed startup has committed to spending nearly $9 billion on data center capacity from bitcoin miner Core Scientific.
CSCO "Wait and See Story" for A.I.
Daniel Kern says Cisco is "not an exciting growth story," but expects a "good chance for some upside" in its earnings after hours. According to Daniel, its stock can move more sharply to the upside if guidance favors A.I.
Cisco Earnings Preview: Is Old Tech Starting To Find A Bid?
Cisco reports their fiscal Q1 '25 financial results after the closing bell on Wednesday, November 13, '24. Analyst consensus expects revenue of $13.77 billion (-6% y-o-y growth), operating income of $4.5 billion (-16% y-o-y growth) and EPS of $0.87 (-22% y-o-y growth). This fiscal Q1 '25 is the last tough “compare” Cisco has against last year's “inventory overhang”, and the forward estimates are looking for better growth from the networking giant. The stock is completely uncorrelated to the S&P 500's bull market over the last 15-17 years, or since the March 9, 2009 generational lows for the S&P 500.
Cisco Set to Report Q1 Earnings: Buy, Sell or Hold CSCO Stock?
CSCO's first-quarter fiscal 2025 performance is likely to reflect sluggishness in the networking domain, partially offset by growth in the Security business.
