We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cisco Reports Bland Earnings Results, Increases Dividend by 11.5%
Read MoreHide Full Article
Cisco Systems, Inc. (CSCO - Free Report) just released its second quarter fiscal 2017 earnings results, posting earnings of $0.57 per share and revenue of $11.6 billion.
CSCO was down 1.43% to $32.35 in after-hours trading shortly after its earnings report was released.
Currently, CSCO has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Cisco Systems, Inc.:
Beat earnings estimates. The company posted earnings of $0.57 cents per share, beating our Zacks Consensus Estimate of $0.50 per share.
Met revenue estimates. The company saw revenue figures of $11.6 billion, meeting our estimate of $11.6 billion.
Cisco announced they will be increasing their quarterly dividend by $0.03 to $0.29 per common share.
The company reported that for the quarter, product revenue was down 4% however service revenue was up 5%. Additionally, Cisco’s product gross margin decreased by 20 basis points due to pricing changes and a smaller product mix.
“This quarter we announced our intent to acquire AppDynamics which, combined with Cisco's networking analytics, will provide customers with unprecedented insights into business performance. We will remain focused on accelerating innovation across our portfolio as we continue to deliver value to customers and shareholders” stated Cisco CEO Chuck Robbins.
Here’s a graph that looks at Cisco’s price, consensus and EPS surprise:
Cisco Systems, Inc. Price, Consensus and EPS Surprise
Cisco Systems, Incorporated is a worldwide leading Information Technology company which was founded in 1984 in San Francisco, California. The company employs 73,711 workers and is headquartered in San Jose, California. Cisco looks to shape the future of the Internet through innovations which create value and opportunity for their customers, employees, investors, and ecosystem partners.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cisco Reports Bland Earnings Results, Increases Dividend by 11.5%
Cisco Systems, Inc. (CSCO - Free Report) just released its second quarter fiscal 2017 earnings results, posting earnings of $0.57 per share and revenue of $11.6 billion.
CSCO was down 1.43% to $32.35 in after-hours trading shortly after its earnings report was released.
Currently, CSCO has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Cisco Systems, Inc.:
Beat earnings estimates. The company posted earnings of $0.57 cents per share, beating our Zacks Consensus Estimate of $0.50 per share.
Met revenue estimates. The company saw revenue figures of $11.6 billion, meeting our estimate of $11.6 billion.
Cisco announced they will be increasing their quarterly dividend by $0.03 to $0.29 per common share.
The company reported that for the quarter, product revenue was down 4% however service revenue was up 5%. Additionally, Cisco’s product gross margin decreased by 20 basis points due to pricing changes and a smaller product mix.
“This quarter we announced our intent to acquire AppDynamics which, combined with Cisco's networking analytics, will provide customers with unprecedented insights into business performance. We will remain focused on accelerating innovation across our portfolio as we continue to deliver value to customers and shareholders” stated Cisco CEO Chuck Robbins.
Here’s a graph that looks at Cisco’s price, consensus and EPS surprise:
Cisco Systems, Inc. Price, Consensus and EPS Surprise
Cisco Systems, Incorporated is a worldwide leading Information Technology company which was founded in 1984 in San Francisco, California. The company employs 73,711 workers and is headquartered in San Jose, California. Cisco looks to shape the future of the Internet through innovations which create value and opportunity for their customers, employees, investors, and ecosystem partners.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>