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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cisco Systems    CSCO

CISCO SYSTEMS

(CSCO)
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Delayed Quote. Delayed Nasdaq - 09/20 04:00:00 pm
49.6 USD   +0.83%
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Cisco : Outlook Dampened by China Slowdown, Trade Dispute

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08/15/2019 | 05:22am EDT

By WSJ City

Cisco closed the business year with the largest revenue increase since 2013 but projected disappointing growth this quarter on lower spending from telecommunication companies and weakness in China.

KEY FACTS

--- Shares, which closed lower on Wednesday at $50.61, fell 8% to $46.78 in after-hours trading.

--- It expects revenue for the current quarter to be flat to 2% higher from the prior year, lower than expectations.

--- The company also projected per-share earnings below analysts' forecasts.

--- The largest drivers of the forecast are the continued decline in business from service providers, and China.

--- Quarterly profit fell 42% to $2.21bn and reflected a reversal of a tax benefit that had been recorded last year.

--- The company's income tax bill in the period ended July 27 was $1.5bn after it recorded a $211m benefit a year earlier.

--- On an adjusted basis, profit rose to 83 cents a share from 70 cents a share. Revenue climbed 4.6% to $13.43bn.

Why This Matters

Cisco is considered a proxy for high-tech hardware demand, and analysts have been watching how the company navigates trade issues.The Silicon Valley company, which outsources all of its manufacturing, has largely offset financial damage from tariffs by raising prices and moving contract manufacturing away from China. Chief executive, Chuck Robbins (pictured), said the company was performing well "at a time of uncertainty."

A fuller story is available on WSJ.com

WSJ City: The news, the key facts and why it matters. Be deeply informed in less than five minutes. You can find more concise stories like this on the WSJ City app. Download now from the App Store or Google Play, or sign up to newsletters here http://www.wsj.com/newsletters?sub=356&mod=djemwsjcity

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Financials (USD)
Sales 2020 52 983 M
EBIT 2020 17 199 M
Net income 2020 12 235 M
Finance 2020 11 789 M
Yield 2020 2,90%
P/E ratio 2020 16,8x
P/E ratio 2021 16,1x
EV / Sales2020 3,75x
EV / Sales2021 3,61x
Capitalization 211 B
Chart CISCO SYSTEMS
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Technical analysis trends CISCO SYSTEMS
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 55,67  $
Last Close Price 49,60  $
Spread / Highest target 31,0%
Spread / Average Target 12,2%
Spread / Lowest Target -5,24%
EPS Revisions
Managers
NameTitle
Charles H. Robbins Chairman & Chief Executive Officer
Tiang Yew Tan Senior Vice President-Operations & Digital
Kelly A. Kramer Chief Financial Officer & Executive Vice President
Guillermo Diaz Chief Information Officer & Senior Vice President
Roderick C. McGeary Independent Director
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