Cisco Moves Up On Positive Earnings And Guidance
- Cisco’s shares traded up almost 5% after the company reported better-than-expected results for fiscal Q3
- The company’s revenues increased 3.2% (excluding the SP Video CPE business) driven by strong growth in software sales and compelling results for Asia
- Cisco even guided its fourth quarter just ahead of consensus estimates, emphasizing its software & subscription focus
- Gradual business transition to software, and investments in security and cloud are likely to drive future growth
- The company completed five acquisitions in Q3 related to the Internet of Things (IoT) and cloud domains that should reap some benefits going forward
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Have more questions about Cisco? See the links below:
- What Is Cisco’s Fundamental Value Based On Expected 2016 Results?
- How Has Cisco’s Revenue Composition Changed In The Last Five Years?
- By How Much Have Cisco’s Revenue & EBITDA Changed In The Last Five Years?
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Cisco
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