Followers | 683 |
Posts | 142170 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Thursday, November 14, 2019 7:36:21 AM
By: 24/7 Wall St. | November 13, 2019
Cisco Systems Inc. (NASDAQ: CSCO) is scheduled to release its fiscal first-quarter financial results after the markets close on Wednesday. The consensus estimates are calling for $0.81 in earnings per share (EPS) and revenue of $13.09 billion. In the same period of last year, the company said it had EPS of $0.75 and $13.07 billion in revenue.
The company previously issued guidance for the fiscal first quarter. Cisco expected to see revenue flat to up 2% year over year and EPS in the range of $0.80 to $0.82. Gross margin was tabbed at 64% to 65% (compared to 63.9% in the fourth quarter of 2019) and operating margin was expected to come in at 32% to 33% (versus 32.6% in the fourth quarter).
The first-quarter outlook reflected little to no growth, and the U.S. trade question with China was unlikely to help Cisco.
In the fiscal fourth quarter, the company’s quarterly results were just barely enough to exceed estimates, but a narrow hit is no different from a big miss these days. For the 2019 fiscal year, sales in the company’s Asia-Pacific/Japan/China business unit rose 3% to $7.85 billion, but fourth-quarter sales were down 4% to $2 billion.
Excluding Wednesday’s move, Cisco had underperformed the broad markets, with the stock up nearly 12% year to date. In the past 52 weeks, the stock was up closer to 3%.
A few analysts weighed in on Cisco ahead of the report:
• RBC has a Buy rating with a $56 price target.
• Piper Jaffray has a Neutral rating with a $51 target.
• Baird’s Buy rating comes with a $54 target price.
• Credit Suisse has a Neutral rating with a $49 price target.
• KeyCorp rates it as Overweight with a $54 target price.
• Goldman Sachs has a Neutral rating and a $48 price target.
• Evercore ISI’s Outperform rating comes with a $60 target.
Shares of Cisco traded up less than 1% to $48.70 on Wednesday, in a 52-week range of $40.25 to $58.26. The consensus price target is $54.96.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Recent CSCO News
- Cisco Becomes Official Partner of the LA28 Olympic & Paralympic Games and Team USA • PR Newswire (US) • 06/20/2024 04:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 11:59:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 11:58:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 11:58:02 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 11:56:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 11:00:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 10:58:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 10:56:30 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/14/2024 08:27:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:06:44 PM
- Cisco Appoints Ekta Singh-Bushell to Board of Directors • PR Newswire (US) • 06/14/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/13/2024 08:41:24 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/13/2024 08:26:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 09:19:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 09:18:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 09:17:23 PM
- Cisco and Splunk Announce Integrated Full-Stack Observability Experience for the Enterprise • PR Newswire (US) • 06/05/2024 03:06:00 PM
- Apollo Buys 49% of Intel’s Irish Plant for $11bn, BlackRock and Citadel to Create Texas Exchange, and More News • IH Market News • 06/05/2024 11:41:36 AM
- Cisco Live 2024: Cisco Announces New AI-powered Innovations and Investments to Help Customers Unlock a More Connected and Secure Future • PR Newswire (Canada) • 06/04/2024 03:06:00 PM
- Cisco Live 2024: Cisco Announces New AI-powered Innovations and Investments to Help Customers Unlock a More Connected and Secure Future • PR Newswire (US) • 06/04/2024 03:06:00 PM
- Cisco Security Cloud Vision Comes to Life, Transforming Enterprise Defenses • PR Newswire (US) • 06/04/2024 03:06:00 PM
- Cisco Reveals Nexus HyperFabric AI Clusters, A New Simplified Data Center Infrastructure Solution with NVIDIA for Generative AI • PR Newswire (US) • 06/04/2024 03:06:00 PM
- CISCO LAUNCHES $1B GLOBAL AI INVESTMENT FUND • PR Newswire (US) • 06/04/2024 03:06:00 PM
- Cisco ThousandEyes Digital Experience Assurance Radically Shifts IT Operations from Monitoring to Action • PR Newswire (US) • 06/04/2024 03:06:00 PM
- Cisco Live 2024: Cisco Announces New AI-powered Innovations and Investments to Help Customers Unlock a More Connected and Secure Future • PR Newswire (US) • 06/04/2024 03:06:00 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM