Cisco Systems Earnings: Here’s Why Investors Love These Results

Cisco Systems, Inc. (NASDAQ:CSCO) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 12.59% this morning.

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Cisco Systems, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.25% to $0.51 in the quarter versus EPS of $0.48 in the year-earlier quarter.

Revenue: Rose 5.42% to $12.22 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cisco Systems, Inc. reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.49. It beat the average revenue estimate of $12.18 billion.

Quoting Management: “Cisco is executing at a very high level in a slow, but steady economic environment. We are especially pleased with our ninth consecutive record revenue quarter. We are starting to see some good signs in the US and other parts of the world which are encouraging,” stated Cisco Chairman and CEO John Chambers. “We have the right products, the right solutions and our customers are coming to us to solve their biggest business problems. The pace of change is increasing and Cisco is well positioned.”

Key Stats (on next page)…

Revenue increased 0.98% from $12.1 billion in the previous quarter. EPS were the same at $0.51 as the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.51 and has not changed. For the current year, the average estimate has moved up from a profit of $1.98 to a profit of $1.99 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)