Cisco beats estimates, boosts buyback program by $25 billion [Reuters (UK)]
Cisco Systems, Inc. (CSCO)
Last cisco systems, inc. earnings: 2/12 04:05 pm
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Source: Reuters
Cisco beats estimates, boosts buyback program by $25 billion | Reuters Reuters Staff 2 Min Read (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. Shares of the Dow component rose 5.3 percent to $44.34 in after-market trading on Wednesday. The company said its board raised its buyback program by $25 billion. Revenue from its infrastructure platforms category, which includes switching, routing and data center businesses, rose 2 percent to $6.7 billion, beating analysts’ estimate of $6.6 billion, according to Thomson Reuters I/B/E/S. Revenue from Cisco’s security business, which offers firewall protection and breach detection systems, rose 6 percent to $558 million, but missed analysts’ average estimate of $589.5 million. The world’s largest network gear maker forecast third-quarter adjusted
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CSCO
Earnings
- 2/14/24 - Beat
CSCO
Sec Filings
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- 3/18/24 - Form 8-K
- CSCO's page on the SEC website