Cisco Systems (CSCO - Free Report) reported earnings results for its fiscal Q4 after the closing bell Wednesday, beating estimates on both the top and bottom lines. Earnings of 58 cents per share (accounting for stock-based compensation and other BNRI) topped the 55 cents in the Zacks consensus, whereas sales of $12.64 billion improved on the $12.54 billion expected.
However, we are seeing CSCO shares trading lower a tad in the after market following the earnings report. This comes after a down trading day today to the tune of about -1.3%. Total gross margins for the quarter reached 64.6%, and guidance for Q1 is between -1% and +1%. Cisco also announced a restructuring that will eliminate up to 5500 jobs.
Prior to the earnings report, Cisco carried a Zacks Rank #3 (Hold), with a Value-Growth-Momentum combined grade of C. Cisco is in the top 14% of industries, and shares have risen 3% in the past month, +13.13% year to date. For more information on Cisco's earnings, click here.
L Brands (L - Free Report) , the retail conglomerate that owns Victoria's Secret and Bath & Body Works, among other companies, beat estimates on the bottom line (70 cents per share versus 49 cents) on modestly lower revenues. Guidance for Q3 came in a little below estimates at a range of 40-45 cents per share. Shares were trading up 2% around the time of the announcement.
Here's a podcast by Tracey Ryniec and Maddy Johnson discussing L Brands recently:
NetApp (NTAP - Free Report) is trading up higher than 5% in the late market on a big earnings beat of 46 cents per share (36 cents had been expected). Revenues of $1.29 billion more modestly beat the Zacks consensus of $1.26 billion. The network storage firm has enjoyed a great calendar 2016 so far, up 14% year-to-date prior to the latest earnings release.
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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.
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Cisco Systems (CSCO - Free Report) reported earnings results for its fiscal Q4 after the closing bell Wednesday, beating estimates on both the top and bottom lines. Earnings of 58 cents per share (accounting for stock-based compensation and other BNRI) topped the 55 cents in the Zacks consensus, whereas sales of $12.64 billion improved on the $12.54 billion expected.
However, we are seeing CSCO shares trading lower a tad in the after market following the earnings report. This comes after a down trading day today to the tune of about -1.3%. Total gross margins for the quarter reached 64.6%, and guidance for Q1 is between -1% and +1%. Cisco also announced a restructuring that will eliminate up to 5500 jobs.
Prior to the earnings report, Cisco carried a Zacks Rank #3 (Hold), with a Value-Growth-Momentum combined grade of C. Cisco is in the top 14% of industries, and shares have risen 3% in the past month, +13.13% year to date. For more information on Cisco's earnings, click here.
L Brands (L - Free Report) , the retail conglomerate that owns Victoria's Secret and Bath & Body Works, among other companies, beat estimates on the bottom line (70 cents per share versus 49 cents) on modestly lower revenues. Guidance for Q3 came in a little below estimates at a range of 40-45 cents per share. Shares were trading up 2% around the time of the announcement.
Here's a podcast by Tracey Ryniec and Maddy Johnson discussing L Brands recently:
NetApp (NTAP - Free Report) is trading up higher than 5% in the late market on a big earnings beat of 46 cents per share (36 cents had been expected). Revenues of $1.29 billion more modestly beat the Zacks consensus of $1.26 billion. The network storage firm has enjoyed a great calendar 2016 so far, up 14% year-to-date prior to the latest earnings release.
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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