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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cisco Systems    CSCO

CISCO SYSTEMS

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Cisco : Sisi meets Cisco CEO, welcomes investments

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12/07/2018 | 06:35am EDT

Egyptian President Abdel Fattah al-Sisi received on Thursday Chuck Robbins CEO of Cisco Systems, a leading networking equipment manufacturer, alongside Minister of Communications and Information Technology Amr Talaat.

The president expressed his appreciation for the activities of Cisco Systems in Egypt, which, in the words of Presidency Spokseman Bassam Radhy, supports digital transformation initiatives through its various investments, and helps build the capabilities of Egyptian young leaders by transferring technological expertise.

During his meeting with Robbins, Sisi said that the company’s increase of its investments in Egypt would help create more job opportunities.

Sisi said Egypt is ready to help the US company have access into African markets, given the close cooperation ties binding Egypt with its fellow African countries.

Robbins stressed his company’s keenness to increase investments and develop its cooperation with Egypt in the digital transformation domain.

He reviewed the company’s main initiatives in Egypt: to hone the technical skills of young Egyptians, and develop local startups.

The American CEO lauded steps taken by Egypt to optimize the use of modern technology in the development process, and improve the business atmosphere.

Edited translation from Al-Masry Al-Youm

(c) 2018 Egypt Independent. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 51 844 M
EBIT 2019 16 606 M
Net income 2019 12 666 M
Finance 2019 10 145 M
Yield 2019 2,45%
P/E ratio 2019 19,89
P/E ratio 2020 18,55
EV / Sales 2019 4,53x
EV / Sales 2020 4,29x
Capitalization 245 B
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 57,5 $
Spread / Average Target 3,2%
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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