Cisco Lifts Its Forecast as Earnings Top Expectations, Despite ...

3 days ago · Cisco Systems (CSCO) reported fiscal first-quarter earnings that exceeded analysts’ expectations and raised its full-year forecast, despite declining revenues. The networking-equipment provider ...

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Cisco Systems Beats Estimates Despite Lower 1Q Revenue, Profit …

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3 days ago · For its fiscal second quarter, Cisco forecast revenue between $13.75 billion and …

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Cisco Systems (CSCO) Tops Q4 Earnings And Revenue Estimates

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Aug 14, 2024 · Cisco (CSCO) delivered earnings and revenue surprises of 2.35% and 0.90%, …

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Cisco Raises Full-year Outlook; Announces Restructuring - Yahoo …

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Nov 16, 2022 · Cisco said it expects an annual revenue growth of 4.5% to 6.5%, and adjusted …

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Cisco Systems' Stock Dips On Lowered Guidance, Plan To

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Feb 14, 2024 · For the fiscal year, Cisco guided for revenue of $51.5 billion to $52.5 billion and …

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CSCO Stock: Cisco Earnings Top Estimates As Outlook Edges By …

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May 18, 2023 · Heading into the Cisco earnings report, the tech stock had retreated nearly 2% …

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Cisco Implements Restructuring Plan, Including Layoffs, As Stock ...

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Aug 13, 2020 · Cisco saw its stock drop by as much as 6% in after hours trading Wednesday …

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FAQs about Cisco Lifts Its Forecast as Earnings Top Expectations, Despite ... Coupon?

How much revenue did Cisco make in a year?

Revenue came in at $13.6 billion, above the consensus forecast of $13.53 billion but down 10% YoY. Cisco also revealed plans for job cuts, expecting to incur a pre-tax charge of up to $1 billion for severance and other one-time termination benefits. ...

What is Cisco's annual revenue forecast?

Cisco now expects annual revenue to be between US$55.3-billion and US$56.3-billion, compared with its earlier forecast of between US$55.0-billion to US$56.2-billion. Analysts were expecting US$55.89-billion. It raised its annual adjusted profit forecast range to US$3.60 to US$3.66, from US$3.52 to US$3.58. ...

How many times has Cisco surpassed consensus EPS estimates?

Over the last four quarters, the company has surpassed consensus EPS estimates four times. Cisco , which belongs to the Zacks Computer - Networking industry, posted revenues of $13.64 billion for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 0.90%. This compares to year-ago revenues of $15.2 billion. ...

What's going on with Cisco Systems?

(Reuters) -Cisco Systems Inc raised its full-year revenue and profit forecast amid easing supply chain hurdles and announced $600 million in severance and other charges related to a new restructuring, which could impact roughly 5% of its workforce. Shares of the company rose nearly 5% in extended trading on Wednesday. ...

Is Cisco stock a Sustainable Stock?

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Cisco shares have lost about 10.2% since the beginning of the year versus the S&P 500's gain of 13.9%. What's Next for Cisco? ...

How much will Cisco pay for severance?

Cisco also revealed plans for job cuts, expecting to incur a pre-tax charge of up to $1 billion for severance and other one-time termination benefits. The company anticipates recognizing charges of about $700 million to $800 million in the first quarter of fiscal 2025. ...