Home Business Cisco earnings, revenue and stock buyback prospects

Cisco earnings, revenue and stock buyback prospects

Cisco Systems (CSCO) reported on Wednesday's second-quarter fiscal results, which narrowed estimates to near analyst estimates. The Cisco earnings report helped the stock climb in after-hours trading, and the April forecast for the quarter exceeded expectations.


Cisco raised its quarterly dividend to 35 cents a share, from 33 cents a share. The company has also increased its share repurchase program by $ 15 billion. The total entitlement to buy back shares is now $ 24 billion.

The company said that adjusted earnings were 73 cents a share, up 16% over the previous year. Sales increased 4.2% to $ 12.4 billion. A year earlier, Cisco's revenue of $ 11.89 billion was 63 cents a share.

Analysts expected a 72-cents Cisco profit on January 30, with sales of $ 12.41 billion.

The Cisco share rose in the stock exchange today by 3.2% to 49.03. In the regular session on Wednesday, the Cisco share fell 0.8%. Cisco shares increased 16% year-over-year.

Cisco Revenue Outlook outperforms the views

For the April quarter, Cisco predicted sales growth of between 4% and 6%. Analysts had expected sales of $ 12.84 billion, an increase of 3%.

The company expects it to reach an adjusted profit of 77 cents by the middle of the guidance. Analysts had estimated 76 cents.

Cisco has moved away from the core business of distributing network switches and routers. Cisco's goal with the acquisitions was to increase sales of software and services.

In the second quarter, analysts expected sales of new Catalyst 9000 network switches.

Shares in Cisco were approximately 3% below an entry point of 49.24 prior to the release of the results. The Cisco stock has become a double-bottom chart over the past four months.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Must Read

The Private Border: Enterprise explorers are poised to launch $ 1 billion in science

President Donald Trump has struggled with some of his signature promises, but now he has set his goals higher: a return to the moon,...

Mama should have the "most difficult operation in the world" with an organ transplant

Michelle Oddy hopes the operation will return her life (Image: Ferrari Press Agency)A desperate mother has been told she has a 40 percent chance...

From € 180 to € 220 off iPad Pro, MacBook Air Retina and iPhone XS Max

Raised on Amazon this morning, some promos on iPad Pro and iPhone XS Max. The 64GB version and sidereal gray of the iPhone...

Masters 1000 Monte Carlo: The complete results of the singles and doubles semifinals

Results from the Monte Carlo tournament Court Rainier III - Italian Time: 11:30 am (local time: 11:30 am)1. Robin Haase / Wesley Koolhof ...