For the quarter ended April 2023, Cisco Systems (CSCO - Free Report) reported revenue of $14.57 billion, up 13.5% over the same period last year. EPS came in at $1.00, compared to $0.87 in the year-ago quarter.
The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $14.39 billion. With the consensus EPS estimate being $0.97, the EPS surprise was +3.09%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cisco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Product-Secure, Agile Networks: $7.55 billion versus $6.90 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +28.6% change.
- Revenue- Product-Internet for the Future: $1.39 billion compared to the $1.48 billion average estimate based on nine analysts. The reported number represents a change of +5.1% year over year.
- Revenue- Product-Optimized Application Experiences: $204 million versus $205 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.
- Revenue- Services: $3.48 billion versus $3.60 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +2.7% change.
- New Products- End-to-End Security: $958 million compared to the $1.02 billion average estimate based on nine analysts. The reported number represents a change of +2.1% year over year.
- Revenue- Products-Collaboration: $985 million versus $1.09 billion estimated by nine analysts on average.
- Revenue- Products: $11.09 billion compared to the $10.80 billion average estimate based on nine analysts. The reported number represents a change of +17.4% year over year.
- Revenue- Product-Other: $3 million versus $2.53 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +50% change.
- Non-Gaap Gross profit- Service: $2.34 billion compared to the $2.48 billion average estimate based on seven analysts.
- Non-Gaap Gross profit- Product: $7.15 billion compared to the $6.75 billion average estimate based on seven analysts.
View all Key Company Metrics for Cisco here>>>Shares of Cisco have returned -6.7% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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For the quarter ended April 2023, Cisco Systems (CSCO - Free Report) reported revenue of $14.57 billion, up 13.5% over the same period last year. EPS came in at $1.00, compared to $0.87 in the year-ago quarter.
The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $14.39 billion. With the consensus EPS estimate being $0.97, the EPS surprise was +3.09%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cisco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Product-Secure, Agile Networks: $7.55 billion versus $6.90 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +28.6% change.
- Revenue- Product-Internet for the Future: $1.39 billion compared to the $1.48 billion average estimate based on nine analysts. The reported number represents a change of +5.1% year over year.
- Revenue- Product-Optimized Application Experiences: $204 million versus $205 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.
- Revenue- Services: $3.48 billion versus $3.60 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +2.7% change.
- New Products- End-to-End Security: $958 million compared to the $1.02 billion average estimate based on nine analysts. The reported number represents a change of +2.1% year over year.
- Revenue- Products-Collaboration: $985 million versus $1.09 billion estimated by nine analysts on average.
- Revenue- Products: $11.09 billion compared to the $10.80 billion average estimate based on nine analysts. The reported number represents a change of +17.4% year over year.
- Revenue- Product-Other: $3 million versus $2.53 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +50% change.
- Non-Gaap Gross profit- Service: $2.34 billion compared to the $2.48 billion average estimate based on seven analysts.
- Non-Gaap Gross profit- Product: $7.15 billion compared to the $6.75 billion average estimate based on seven analysts.
View all Key Company Metrics for Cisco here>>>Shares of Cisco have returned -6.7% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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