Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cisco Systems    CSCO

CISCO SYSTEMS

(CSCO)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Cisco System : ' outlook fails to excite Wall Street

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2018 | 09:32pm EDT

May 16--SAN JOSE -- Cisco Systems' shares fell in after-hours trading Wednesday after the networking-equipment maker gave an earnings and sales outlook that failed to impress Wall Street, taking some of the shine off the company's upbeat third-quarter results.

Cisco said it expects its fourth-quarter earnings, excluding one-time items, to be 68 cents to 70 cents a share, on revenue in a range of $12.62 billion to $12.86 billion. Cisco said that range would mean its sales would rise 4 percent to 6 percent from the same period a year ago.

However, Wall Street analysts had forecast Cisco to earn 69 cents a share, on $12.72 billion for its fourth quarter. Since Cisco's outlook is potentially below analysts' forecasts, investors sent the company's shares down 4 percent, to $43.32 in after-hours trading.

Cisco has been trying to shift its business focus from networking hardware and equipment to more software and security services that customers pay for via subscriptions. Cisco said recurring revenue from such product lines made up 32 percent of the company's total sales during its third quarter.

During the three months that ended April 28, Cisco earned 66 cents a share, on $12.5 billion in sales, which topped analysts' expectations for Cisco to earn 65 cents a share, on revenue of $12.44 billion.

___

(c)2018 the San Jose Mercury News (San Jose, Calif.)

Visit the San Jose Mercury News (San Jose, Calif.) at www.mercurynews.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CISCO SYSTEMS
05:35pMARKETING THAT MATTERS : Customer insights drive improvements in B2B marketing a..
PU
03:15pCISCO : Connecting Workers in the Factory – Driving Productivity via Real-..
PU
02:16pCISCO : Ransomware or Wiper? LockerGoga Straddles the Line
PU
01:10pCISCO : A day in the life , Avi Networks
PU
10:20aCOGNITIVE COLLABORATION : The Future is Here
PU
08:24aCISCO : A Solution Looking For A Problem?
PU
08:04aCISCO : Expands 400G and 600G Trials with CENIC
PU
05:10aCISCO : Amazon and Nvidia bring artificial intelligence to the cloud with T4 GPU..
AQ
04:40aCISCO : Batelco, Cisco sponsor top ICT summit in Bahrain
AQ
03/19CISCO : Get Hands-on with the Cisco UCS C480 ML
PU
More news
Financials ($)
Sales 2019 51 692 M
EBIT 2019 16 549 M
Net income 2019 12 500 M
Finance 2019 12 807 M
Yield 2019 2,55%
P/E ratio 2019 18,98
P/E ratio 2020 18,03
EV / Sales 2019 4,29x
EV / Sales 2020 4,07x
Capitalization 235 B
Chart CISCO SYSTEMS
Duration : Period :
Cisco Systems Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CISCO SYSTEMS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 54,1 $
Spread / Average Target 1,5%
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
Sector and Competitors
1st jan.Capitalization (M$)
CISCO SYSTEMS23.03%234 672
QUALCOMM0.11%68 951
NOKIA OYJ10.97%35 700
ERICSSON AB15.07%32 515
MOTOROLA SOLUTIONS22.10%23 017
ARISTA NETWORKS40.09%22 354