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Cisco Trades Higher After Q3 Earnings Beat

Cisco Trades Higher After Q3 Earnings Beat

Cisco Systems, Inc. (NASDAQ: CSCO) shares are trading higher after reporting a third-quarter earnings beat.

Adjusted earnings came in at 78 cents per share, beating estimates by a penny. Sales came in at $12.958 billion, beating estimates by $68 million.

Cisco sees sales growth of 4.5-6.5 percent year-over-year in the fourth quarter. The company sees adjusted EPS of 80-82 cents in the fourth quarter versus an 81-cent estimate.

"Our strong performance in the quarter was across the business, reflecting our customers' confidence in our strategy, business model and market-leading portfolio," said Chuck Robbins, chairman and CEO. "Technology is at the heart of our customers' strategies and we are building the technology to help them achieve their business objectives."


  • Total revenue was up 6 percent
  • Americas revenue was up 9 percent
  • Security revenue up 21 percent
  • Applications revenue was up 9 percent

Cisco's stock traded higher by 3.3 percent at $54.16 in the after-hours session.

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Photo courtesy of Cisco.

Posted-In: Earnings News Guidance After-Hours Center Movers Trading Ideas Best of Benzinga


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