Cisco Estimates Beatable, But Guidance Likely Messy, Says Analyst [Investor's Business Daily]
Cisco Systems, Inc. (CSCO)
Last cisco systems, inc. earnings: 2/12 04:05 pm
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Source: Investors Business Daily
Related news When Cisco Systems ( CSCO ) reports fiscal fourth-quarter earnings late Wednesday, investors should be on guard for "messy" October-quarter guidance, says an analyst. Analysts see Cisco earnings up 13% to 69 cents from a year earlier. They project a revenue climb of 5% to $12.77 billion. "Street Q4 estimates appear beatable, and we note investor expectations are relatively low compared to last quarter," said Andrew Nowinski, a Piper Jaffray analyst in a report. "While we expect Q4 to be a solid quarter ... we expect fiscal Q1, 2019 guidance to be messy." He noted that the computer-networking gear maker has adopted new revenue-recognition rules. Another factor, he says, will be Cisco's acquisition of Duo Security in July. Cisco acquired Duo Security for $2.35 billion, marking its biggest cybersecurity acquisition since its purchase of Sourcefire. The company earlier this year changed how it reports sales for its core business of selling network switches and routers. With a
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CSCO
Earnings
- 2/14/24 - Beat
CSCO
Sec Filings
- 4/5/24 - Form 13F-HR
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- CSCO's page on the SEC website