Cisco Systems, Inc. (NASDAQ:CSCO) networking giant, is expected to report fourth quarter earnings results, after market close, on Wednesday 12th August 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.74 per share.
Looking ahead, the full year income are expected at $ 3.15 per share on the revenues of $ 49227.90 million.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 11,884.00 million ~ $ 12,287.00 million
Click Here For More Historical Outlooks Of Cisco Systems, Inc.
Previous Quarter Performance
Cisco Systems, Inc. recorded income for the third quarter of $ 0.79 per share, from the revenue of $ 11,983.00 million. The quarterly earnings gained 1.28 percent compared with the same quarter last year. The consensus estimates are income of $ 0.71 per share from $ 11882.80 million in revenue. The bottom line results beat street analysts by $ 0.08 or 11.27 percent, at the same time, top line results outshined analysts by $ 100.20 million or 0.84 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CSCO was $ 47.19, representing a 45.65 % increase from the 52 week low of $ 32.40 and a 9.46 % decrease over the 52 week high of $ 52.12.
The company has a market capital of $ 199.25 billion and is part of the Technology sector and Communication Equipment industry.
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Recent Analyst recommendations
- On 9th July 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating.
Conference Call
Cisco Systems, Inc. will be hosting a conference call at 4:30 PM eastern time on 12th August 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cisco.com
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.
