Skip to main content

Market Overview

Cisco Gets A Boost After Beating Revenue, Earnings Estimates

Share:

Cisco Systems, Inc. (NASDAQ: CSCO) posted second-quarter results after market close on Wednesday.

Cisco reported EPS of $0.57 versus an estimated $0.54, with sales of $11.8 billion versus an estimated $11.76 billion. Q3 guidance for adjusted EPS came to $0.54-$0.56 versus analyst estimates of $0.55.

The company announced a $0.26 quarterly dividend.

"We had another strong quarter, delivering both the top line and bottom line growth," said Kelly Kramer, Cisco executive vice president and chief financial officer. "I'm happy with the progress we are making as we continue to shift our business model to more software, and recurring revenue."

Investors were happy with the second-quarter results, pushing the stock up more than 6 percent to $24 in after-hours action.

 

Related Articles (CSCO)

View Comments and Join the Discussion!

Posted-In: Earnings News Guidance After-Hours Center Movers

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com