NEW YORK (TheStreet) -- Shares of Cisco Systems (CSCO) were gaining 0.04% to $25.16 ahead of the network and communications company's fiscal first quarter earnings report after the close of the market on Wednesday.
Analysts surveyed by FactSet expect the company to report earnings of 53 cents and revenue of $12.17 billion for the the fiscal first quarter. In the fiscal firth quarter last year Cisco reported earnings of 53 cents a share, above the 51 cents a share analysts surveyed by Thomson Reuters expected. The company reported revenue of $12.08 billion in the year-ago quarter, missing analysts' estimates of $12.34 billion.
For the fiscal fourth quarter Cisco reported earnings of 55 cents a share and revenue of $12.36 billion, beating analysts' estimates of earnings of 53 cents a share and revenue of $12.14 billion.
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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, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."