Cisco Systems (CSCO) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $1.14 per share a year ago.
Cisco Systems Inc (NASDAQ:CSCO, ETR:CIS) shares jumped more than 6% afterhours as the networking, security and cloud firm posted better-than-expected financial results for the fiscal fourth quarter and guidance above Street estimates. For Q4, Cisco said revenue decreased 10% year-over-year to $13.6 billion, above the high end of the company's guidance range and ahead of estimates of $13.52 billion.
Cisco reported fiscal Q4 earnings and revenue that fell from a year earlier but topped Wall Street estimates.
Cisco Systems announced a restructuring plan on Wednesday to invest in key growth opportunities and drive more efficiencies.
Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020. Earnings and revenue topped analysts' estimates.
Cisco Systems Inc. exceeded expectations with its latest quarterly results, while calling out demand related to artificial intelligence.
Cisco Systems, Inc. CSCO is expected to release earnings results for its fourth quarter, after the closing bell on Wednesday, Aug. 14.
Cisco's valuation is an attractive buying opportunity, according to Morgan Stanley.
Cisco (NASDAQ: CSCO ) is among the large-cap tech stocks that investors may not necessarily pay as close attention to as, say, others in the so-called “Magnificent Seven.” However, the company is seeing significant attention today, with the latest round of Cisco layoffs reportedly set to be carried out soon.
The outlook for CSCO stock depends on trends for cloud computing, plus corporate and telecom networks amid the shift to remote work.
Cisco Systems Inc CSCO is set to report its fourth-quarter earnings after market hours on Wednesday.
Cisco's (CSCO) fourth-quarter fiscal 2024 performance is likely to reflect sluggishness in the networking domain, partially offset by growth in the Security business.