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Cisco beats estimates, boosts buyback program by $25 billion
One year ago - By Reuters
Cisco Systems Inc reported its first rise in quarterly revenue in more than two years, which also topped analysts' estimates, as the network gear maker's years-long efforts to transition to a software-focused company begins to take hold.
Read more ...Cisco's revenue is finally growing again and investors are piling in
One year ago - By Business Insider
Cisco finally reversed a 2 year revenue decline with results for its recently-ended fiscal second quarter that beat analyst expectations.
The computer networking company forecast financial results for the current quarter that topped Wall Street targets, sending its stock up 5% in after hours trading on Wednesday.
The company also declared a quarterly dividend of $0.33 per common share - up $0.4 or 14% over the previous quarter.
Here are Cisco's results:
Revenues were $11.9 billion, up 3% from the same time last year. This is compared to analyst estimates of $11.81 billion.
Earnings per...
Read more ...Cisco's revenue is finally growing again and investors are piling in
One year ago - By Business Insider
Cisco finally reversed a 2 year revenue decline with results for its recently-ended fiscal second quarter that beat analyst expectations.
And the computer networking company forecast financial results for the current quarter that topped Wall Street targets, sending its stock up 5% in after hours trading on Wednesday.
Here are Cisco's results:
Revenues were $11.9 billion, up 3% from the same time last year. This is compared to analyst estimates of $11.81 billion.
Earnings per share were $0.63, compared to analyst estimates of $0.59.
Projected revenues for the fiscal third quarter of 2018...
Read more ...
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