Cisco Systems (CSCO) shares surged after the company exceeded fiscal second quarter expectations on both the top and bottom lines. Morningstar senior equity analyst William Kerwin joins Market Domination Overtime to provide insight into Cisco's performance.
Cisco Systems (CSCO 0.16%), a networking and telecommunications company, recently released its earnings for the second quarter of the fiscal year 2025 on Feb. 12, 2025. The release highlighted a 9% increase in revenue to $14.0 billion, surpassing management's guidance of $13.75 billion to $13.95 billion.
While the top- and bottom-line numbers for Cisco (CSCO) give a sense of how the business performed in the quarter ended January 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Cisco Systems (CSCO) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.87 per share a year ago.
Cisco Systems (CSCO) reported fiscal second-quarter results that topped analysts' expectations and raised its full-year guidance, sending shares higher in extended trading Wednesday.
Cisco bumped up its full-year guidance as it delivered stronger results than analysts had predicted. The stock jumped in extended trading.
The company has been cashing in as big cloud companies build out their AI infrastructure, but expanded AI opportunities lie ahead.
Cisco Systems raised its annual revenue forecast on Wednesday, betting on higher demand for its cloud networking gear amid a boom in the artificial intelligence technology.
Cisco Systems Inc CSCO will be reporting its second-quarter earnings on Wednesday. Wall Street expects 91 cents in EPS and $13.87 billion in revenues as the company reports after market hours.
Cisco (CSCO) managed to pass earnings expectations for its last 10 quarters. Shares of CSCO have rallied more than 20% Y/Y as the stock price hovers near 4-year highs.
On the technical front, Cisco (CSCO) has rebounded from its Aug. 2024 lows. Rick Ducat highlights several key levels on the chart, but also significant open interest in CSCO calls and puts for its March 21 expiry.