Cisco and Cognizant Technology Shares in Focus Prior to Earnings

Cisco Systems, Inc. (NASDAQ:CSCO) will unveil its latest earnings on Wednesday, February 8, 2012. The average estimate of analysts is for profit of 38 cents per share, a rise of 22.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 36 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 38 cents during the last month. Analysts are projecting profit to rise by 12.1% versus last year to $1.57.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of 38 cents per share against a mean estimate of profit of 34 cents per share. Analysts are projecting a rise of 7.9% in revenue from the year-earlier quarter to $11.23 billion.

Competitors to Watch: Hewlett-Packard Company (NYSE:HPQ), Juniper Networks, Inc. (NYSE:JNPR), Alcatel-Lucent (NYSE:ALU), Microsoft Corporation (NASDAQ:MSFT), Intl. Business Machines Corp. (NYSE:IBM), Extreme Networks, Inc (NASDAQ:EXTR), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Motorola Mobility Hldgs. Inc (NYSE:MMI), NetGear, Inc. (NASDAQ:NTGR), and ADTRAN, Inc. (NASDAQ:ADTN).

Cognizant Technology Solutions Corp. (NASDAQ:CTSH) will unveil its latest earnings on Wednesday, February 8, 2012. The average estimate of analysts is for profit of 77 cents per share, a rise of 16.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 19.8% versus last year to $2.84.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of 73 cents per share against a mean estimate of profit of 71 cents per share. Analysts are projecting a rise of 27.5% in revenue from the year-earlier quarter to $1.67 billion.

Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), iGATE Corporation (NASDAQ:IGTE), Syntel, Inc. (NASDAQ:SYNT), Computer Sciences Corp. (NYSE:CSC), Infosys Tech. Ltd. (NASDAQ:INFY), Wipro Limited (NYSE:WIT), CIBER, Inc. (NYSE:CBR), Edgewater Technology Inc. (NASDAQ:EDGW), Virtusa Corporation (NASDAQ:VRTU), and Patni Computer Systems Ltd. (NYSE:PTI).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com