Cisco Reports Third Quarter Earnings

Drexel Hamilton Reiterates Buy on Cisco Systems (CSCO) Following 3Q - PT to $36

Drexel Hamilton reiterated a Buy rating on Cisco Systems (NASDAQ: CSCO), and raised the price target to $36.00 (from $34.00), following the company's 3Q earnings report. Cisco reported sales of $12.0 billion that met consensus estimates of $11.95 billion and pro forma EPS of $0.57 was better than the consensus'... More

Cisco Systems (CSCO) PT Increased at Jefferies

Jefferies analyst, George Notter, likes the risk/reward in Cisco (NASDAQ: CSCO) following results. He believes the downside in the stock is limited by:

1) valuation

2) the companys ability to preserve EPS power in difficult macro environments

3) the 3.9% dividend... More

Baird Raises Price Target on Cisco Systems (CSCO) Following In-Line 3Q

Baird reiterated an Outperform rating on Cisco Systems (NASDAQ: CSCO), and raised the price target to $32.00 (from $30.00), following the company's 3Q earnings report. CSCO reported revenue of $12.0 billion, in-line with consensus estimates. nNon-GAAP EPS of $0.57 was also in-line with consensus of $0.55. Management... More

Cisco Systems (CSCO) Earnings Recap, PT up to $33 - RBC

RBC Capital analyst, Mitch Steves, noted that Cisco (NASDAQ: CSCO) reported solid results highlighted by an impressive gross margin beat at 65.2% (vs guide of 62.5-63.5% and RBC at 63.8%). Legacy switching and routing portfolios continue to decline as a percentage of product revenue (44.5% Apr-15 vs.... More

Cisco Systems (CSCO) Tops Q3 EPS by 2c; Guides Q4 EPS Above Views

Cisco Systems (NASDAQ: CSCO) reported Q3 EPS of $0.57, $0.02 better than the analyst estimate of $0.55. Revenue for the quarter came in at $12 billion versus the consensus estimate of $11.97 billion.

"We delivered a strong Q3, executing well despite the challenging environment," said Chuck Robbins,... More