Back to top

Cisco (CSCO) Narrowly Beats Q3 Earnings & Revenue Estimates

Read MoreHide Full Article

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:

Cisco Systems, Inc. Price, Consensus and EPS Surprise

Cisco Systems, Inc. Price, Consensus and EPS Surprise | Cisco Systems, Inc. Quote

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>>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Cisco Systems, Inc. (CSCO) - free report >>

More from Zacks Stocks in the News

You May Like