Cisco (CSCO) PT Raised to $54 at MKM Partners

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Cisco Reports Second Quarter Earnings

February 13, 2019 4:05 PM EST

Dividend Increased 6 Percent, Additional $15 Billion Authorized for Stock Repurchase

Q2 Results: Revenue: $12.4 billion Growth of 7% year over year (normalized to exclude the divested SPVSS business for Q2 FY 2018)Earnings per Share: GAAP: $0.63; Non-GAAP: $0.73 Non-GAAP EPS increased 16% year over yearQ3 Guidance (normalized to exclude the divested SPVSS business for Q3 FY 2018): Revenue: 4% to 6% growth year over year Earnings per Share: GAAP: $0.63 to $0.68; Non-GAAP: $0.76 to $0.78

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