Tech Traders Position Themselves Ahead of Cisco's (CSCO) Q3 Earnings
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Price: $107.44 -1.82%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +33.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.7%
EPS Growth %: +33.0%
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Technology traders are positioning themselves ahead of Cisco's (NASDAQ: CSCO) Q3 earnings. Cisco will be reporting earnings after the bell today.
Analysts are expecting Cisco to report earnings of 0.47 per share on revenues of $11.57 billion. On average over the past four quarters, Cisco has beaten the EPS consensus by 9.6% according to data at EPS Insider.
Cisco has a 3.78 percent weighting in QQQ (Nasdaq: QQQ), an ETF that tracks the Nasdaq-100 index, and a 3.68 percent weighting in Technology Select Sector SPDR (NYSE: XLK). Another commonly traded ETF is the Dow Jones U.S. Technology Index Fund (NYSE: IYW). Cisco has a 4.30 percent weighting in IYW.
Analysts are expecting Cisco to report earnings of 0.47 per share on revenues of $11.57 billion. On average over the past four quarters, Cisco has beaten the EPS consensus by 9.6% according to data at EPS Insider.
Cisco has a 3.78 percent weighting in QQQ (Nasdaq: QQQ), an ETF that tracks the Nasdaq-100 index, and a 3.68 percent weighting in Technology Select Sector SPDR (NYSE: XLK). Another commonly traded ETF is the Dow Jones U.S. Technology Index Fund (NYSE: IYW). Cisco has a 4.30 percent weighting in IYW.
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