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CISCO SYSTEMS (CSCO)
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Cisco : reports 2Q loss

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02/14/2018 | 10:42pm CEST

SAN JOSE, Calif. (AP) _ Cisco Systems Inc. (CSCO) on Wednesday reported a fiscal second-quarter loss of $8.78 billion, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Jose, California-based company said it had a loss of $1.78. Earnings, adjusted for pretax expenses and stock option expense, were 63 cents per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The seller of routers, switches, software and services posted revenue of $11.89 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $11.82 billion.

For the current quarter ending in May, Cisco expects its per-share earnings to range from 64 cents to 66 cents.

Cisco shares have climbed almost 10 percent since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 1 percent. In the final minutes of trading on Wednesday, shares hit $42.09, a rise of 30 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSCO at https://www.zacks.com/ap/CSCO

Automated Insights, source Associated Press News

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Financials ($)
Sales 2018 49 256 M
EBIT 2018 15 300 M
Net income 2018 -877 M
Finance 2018 25 610 M
Yield 2018 2,77%
P/E ratio 2018 -
P/E ratio 2019 17,84
EV / Sales 2018 3,66x
EV / Sales 2019 3,64x
Capitalization 206 B
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Number of Analysts 30
Average target price 48,8 $
Spread / Average Target 11%
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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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