Cisco Systems, Inc. (NASDAQ:CSCO) networking giant, is reporting first quarter earnings results on Thursday 12th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.70 per share.
For the full year, analysts predict revenues of $ 48269.00 million, while looking forward to income of $ 3.09 per share.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.69 ~ $ 0.71 per share, while revenues are expected in a range of $ 11,712.00 million ~ $ 11,975.00 million
Click Here For More Historical Outlooks Of Cisco Systems, Inc.
Previous Quarter Performance
Cisco Systems, Inc. disclosed income for the fourth quarter of $ 0.80 per share, from the revenue of $ 12,154.00 million. The quarterly earnings contracted 3.61 percent while revenues reduced 9.49 percent compared with the same quarter last year.
According to street consensus, CSCO was expected to report 4Q20 income of $ 0.74 per share from revenue of $ 12080.90 million. The bottom line results beat street analysts by $ 0.06 or 8.11 percent, at the same time, top line results outshined analysts by $ 73.10 million or 0.61 percent.
Stock Performance
Shares of Cisco Systems, Inc. traded up $ 0.61 or 1.58 percent on Wednesday, reaching $ 39.33 with volume of 26.78 million shares. Cisco Systems, Inc. has traded high as $ 39.45 and has cracked $ 38.44 on the downward trend
The closing price of $ 39.33, representing a 19.51 % increase from the 52 week low of $ 32.40 and a 22.99 % decrease over the 52 week high of $ 50.28.
The company has a market capital of $ 166.50 billion and is part of the Technology sector and Communication Equipment industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Credit Suisse Group at Neutral rating, with $ 36.00 target price.
- On 12th October 2020, downgraded by Citigroup to Neutral from Buy rating, with $ 43.00 target price.
- On 18th September 2020, downgraded by Wolfe Research to Peer Perform from Outperform rating.
- On 16th September 2020, maintained by Bank of America at Buy rating, with $ 50.00 target price.
Conference Call
Cisco Systems, Inc. will be hosting a conference call at 4:30 PM eastern time on 12th November 2020, to discuss its 1Q21 financial results with the investment community. The participants may dial, 888-848-6507 U.S. or 212-519-0847 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.cisco.com
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.
