Why Cisco (CSCO) Stock Is Gaining in After-Hours Trading Wednesday

NEW YORK (TheStreet) -- Cisco (CSCO) was gaining 1.8% to $25.64 after-hours Wednesday after beating analysts’ estimates for earnings and revenue in the fiscal fourth quarter.

For the fourth quarter the company reported earnings of 55 cents a share, 3 cents higher than the Capital IQ Consensus Estimate of 53 cents a share. Cisco reported fourth-quarter revenue of $12.36 billion, above analysts’ estimates of $2.14 billion for the quarter.

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TheStreet Ratings team rates CISCO SYSTEMS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate CISCO SYSTEMS INC (CSCO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

CSCO ChartCSCO data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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