Market Overview

Cisco Q1 Earnings Preview

Cisco Q1 Earnings Preview
Related CSCO
Strong Earnings Results May be Overshadowed by Hawkish Fed Minutes
Top Performing Industries For May 19, 2016
The Perfect Portfolio: Lessons Learned So Far This Year (Seeking Alpha)

Cisco (NASDAQ: CSCO) is set to report its first quarter fiscal 2014 earnings after Wednesday's trading session. The quarterly results are typically released before 4:05 p.m. with a conference call to follow.

During the company's fourth quarter 2013 conference call on August 14, management provided guidance for the upcoming quarter. The company is projecting a first quarter non-GAAP gross margin in the range of 61 to 62 percent. Non-GAAP operating margin is expected to be in the range of 27.5 to 28.5 percent.

Management is expecting an EPS to fall within a $0.50 to $0.51 range, which is inline with market expectations. According to, the analysts estimate for its EPS matches management's guidance at $0.51 a share.

Shares of Cisco fell off its 52-week highs following its latest earnings in August. The company blamed its performance that came up short of expectations on a tough global economic environment. Layoffs were also announced, causing shares to sell off.

Since the company's last quarter, shares have lost around 10 percent, compared to a 5 percent gain in the PowerShares QQQ (NASDAQ: QQQ) which is the ETF that tracks the performance of the NASDAQ-100 Index. Year to date shares are still up around 40 percent and have outperformed the NASDAQ-100 ETF by approximately 10 percent.

Cisco is the third largest holding in the NASDAQ-100 Index, representing 3.37 percent of the fund, its upcoming results has the ability to affect the broader technology index as well as the market as a whole.

Posted-In: Earnings News Best of Benzinga


Related Articles (CSCO + QQQ)

View Comments and Join the Discussion!