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
- With Product Sales Sluggish, What To Expect From Cisco’s Q3 Earnings?
- Down 6% In Last 3 Months, Will Cisco Stock See A Recovery Following Q2 Results?
- Why Is Cisco Buying Splunk?
- Why The Digital Infra Theme Continues To Outperform
- What To Expect As Cisco Publishes Q3 Earnings?
- Cisco Stock Looks Like A Buy At $52
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:
Global Large Cap | U.S. Mid & Small Cap | European Large & Mid Cap |More Trefis Research