Cisco Systems (CSCO) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.88 per share a year ago.
Cisco (CSCO) reported fiscal third-quarter revenue and profits that topped analysts' projections, thanks in part to strong demand for AI infrastructure.
The networking company hit its AI-infrastructure target earlier than expected.
Networking equipment company Cisco (CSCO) on Wednesday afternoon reported fiscal third-quarter 2025 financial results. A summary of its key numbers is below.
Cisco exceeded estimates across the board and issued guidance that was also ahead of Wall Street's predictions. The network hardware vendor is ahead of its target for artificial intelligence infrastructure orders from big internet companies.
Analysts are expecting adjusted earnings of 92 cents a share, up 4% from last year.
LSEG data shows expectations of $0.92 in EPS, $14.08 billion in revenue growth and $4.7 billion in operating income, for y-o-y growth of 5%, 11% and 9% respectively. For some portfolio's Cisco could be a value way to play the cybersecurity sector. Trading at $62 today, or 17x forward earnings with 0% expected EPS growth for fiscal 2025, on 1% revenue growth, guidance will be a key component of Wednesday night's earnings call.
The networking and security company said the partnership aims to build the world's most open, scalable, resilient and cost-efficient AI infrastructure, and position Saudi Arabia as a global leader in digital innovation.
CSCO's third-quarter fiscal 2025 performance is likely to reflect improving demand in the networking domain and strong growth in the Security business.
Get a deeper insight into the potential performance of Cisco (CSCO) for the quarter ended April 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Cisco (CSCO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The company announced a new quantum lab and a research prototype chip that it said could make quantum computing possible within the next decade.