Cisco Systems (CSCO) Tops Q3 EPS by 2c; Guides Q4 EPS Above Views
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May 19, 2016 9:20 AM EDT
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
May 19, 2016 7:23 AM EDT
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
May 19, 2016 7:10 AM EDT
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
May 19, 2016 6:28 AM EDT
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
May 18, 2016 4:16 PM EDT
By Rishika Sadam
(Reuters) - Network equipment maker Cisco Systems Inc reported better-than-expected results and gave an upbeat forecast for the current quarter, sending its shares up about 7 percent in extended trading.
The company has been beefing up its wireless security and datacenter businesses to offset the impact of sluggish spending by telecom carriers and enterprises on its main business of making network switches and routers.
Results in the latest reported quarter were mainly driven by a 17 percent jump in sales in its security business, which... More
