Cisco Systems, Inc. (CSCO - Free Report) just released its third quarter fiscal 2018 financial results, posting adjusted earnings of $0.66 per share and revenues of $12.46 billion.
Cisco is currently a Zacks Rank #2 (Buy), which is subject to change based on today’s results. Shares of Cisco are up nearly 32% over the last year. The company’s stock price did dip 0.70% on Wednesday to hit $45.16 per share prior to the release of its quarterly earnings results.
Cisco stock is currently down 3.32% to $43.66 in after-hours trading shortly after its earnings report was released.
CSCO:
Beat earnings estimates. The company posted adjusted earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.65 per share.
Beat revenue estimates. The company saw revenue figures of $12.46 billion, just topping our consensus estimate of $12.42 billion.
Cisco saw its quarterly revenues climb by roughly 4% from $11.94 billion in the year-ago period. Meanwhile, the company’s earnings surged 10% from $0.60 per share.
Looking ahead, Cisco expects to post adjusted fourth quarter earnings between $0.68 and $0.70 per share, which falls in line with our current Q4 estimate of $0.68 per share. The company also expects its Q4 revenues will climb between 4% and 6%. Our current estimate is calling for revenues to pop by 4.75% to hit $12.71 billion.
Here’s a graph that looks at CSCO’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on CSCO’s earnings report!
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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, Inc. (CSCO - Free Report) just released its third quarter fiscal 2018 financial results, posting adjusted earnings of $0.66 per share and revenues of $12.46 billion.
Cisco is currently a Zacks Rank #2 (Buy), which is subject to change based on today’s results. Shares of Cisco are up nearly 32% over the last year. The company’s stock price did dip 0.70% on Wednesday to hit $45.16 per share prior to the release of its quarterly earnings results.
Cisco stock is currently down 3.32% to $43.66 in after-hours trading shortly after its earnings report was released.
CSCO:
Beat earnings estimates. The company posted adjusted earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.65 per share.
Beat revenue estimates. The company saw revenue figures of $12.46 billion, just topping our consensus estimate of $12.42 billion.
Cisco saw its quarterly revenues climb by roughly 4% from $11.94 billion in the year-ago period. Meanwhile, the company’s earnings surged 10% from $0.60 per share.
Looking ahead, Cisco expects to post adjusted fourth quarter earnings between $0.68 and $0.70 per share, which falls in line with our current Q4 estimate of $0.68 per share. The company also expects its Q4 revenues will climb between 4% and 6%. Our current estimate is calling for revenues to pop by 4.75% to hit $12.71 billion.
Here’s a graph that looks at CSCO’s Price, Consensus and EPS Surprise history:
Check back later for our full analysis on CSCO’s earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
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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