This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cisco Preview: What Wall Street's Saying

NEW YORK (TheStreet) –– Cisco (CSCO - Get Report) is scheduled to report its fiscal fourth-quarter results and investors are keen to see whether the company can keep up its good fortunes seen recently.

In its fiscal third-quarter, Cisco was able to beat analysts' expectations, earnings 51 cents a share on $11.5 billion, as the company saw strength in the U.S. and in Europe, with CEO John Chambers noting there was "some stability in the north," and, "Even some stability in the south -- I think that they are out of this downturn, slowly improving." Gross margins in the third quarter were 62.7%, ahead of the company's forecast of range between 61% and 62%.

Analysts surveyed by Thomson Reuters were looking for earnings of 48 cents a share on $11.36 billion.



As the company deals with threats like software-defined networking, the company was able to keep cash flow from operations high, coming in at $3.2 billion, up from $2.9 billion in the second quarter and $3.1 billion in the year ago quarter. 

The company's cash position is increasingly important to investors over the years as growth has slowed and Cisco boosts its total cash return to shareholders. During the quarter, Cisco's free cash flow was $3.2 billion, up from $2.6 billion in the company's fiscal second quarter.

For its fiscal fourth quarter, Cisco expects a year-over-year revenue decline of 1% to 3%, which came in better than analysts' estimates. Analysts surveyed by Thomson Reuters are expecting the San Jose-based Cisco to earn 53 cents a share on $12.14 billion in revenue.

Must Read: 8 Stocks George Soros Is Buying

Going into the report, analysts were slightly bullish on the company's prospects. Here's what a few of them had to say:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CSCO $28.42 0.00%
AAPL $121.30 0.00%
FB $94.01 0.00%
GOOG $625.61 0.00%
TSLA $266.15 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs