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Cisco Notches Q3 Beats, but Earnings Guidance Falls Short
...Cisco Systems had a good, if not spectacular, third quarter of fiscal 2021, the company revealed in its latest earnings release. For the quarter, revenue rose by 7% on a year-over-year basis to $12.80 billion. That was on the back of a 10% rise in total product order growth, which the company said was the most robust in almost 10 years. Meanwhile, adjusted net income also headed north, advancing by 4% to $3.5 billion, or $0.83 per share.....
...Cisco also proffered guidance for its current fourth quarter. It believes revenue will rise by 6% to 8% compared to the same quarter of fiscal 2020, and adjusted earnings will land at $0.81 to $0.83 per share. That's a mixed bag, however, as the average analyst projection is modeling only 5.5% for the former, yet $0.85 for the latter. ...
https://www.fool.com/investing/2021/05/2...lls-short/
Scoop up Cisco Shares at This Attractive Level: Wells Fargo
....Both the top-and bottom-line results were solid. In F3Q21, the networking company generated revenue of $12.8 billion, amounting to a 6.8% year-over-year uptick and beating the estimates by $230 million. Non-GAAP EPS of $0.83 came ahead of the Street’s call by $0.01. However, supply chain issues impacted gross margin (GM), which at 66%, came in below the previous year’s 66.6% GM. Cash flow from operations also dropped by 8% to $3.9 billion and Enterprise orders were flat year-over-year. And although Cisco’s guidance for revenue growth of 6-8% in FQ4 was better than the Street’s forecast of 5.5%, the company’s EPS outlook of $0.81-$0.83 was lower than the $0.85 consensus estimate. ...
https://www.tipranks.com/news/article/sc...quote_news
Cisco Notches Q3 Beats, but Earnings Guidance Falls Short
...Cisco Systems had a good, if not spectacular, third quarter of fiscal 2021, the company revealed in its latest earnings release. For the quarter, revenue rose by 7% on a year-over-year basis to $12.80 billion. That was on the back of a 10% rise in total product order growth, which the company said was the most robust in almost 10 years. Meanwhile, adjusted net income also headed north, advancing by 4% to $3.5 billion, or $0.83 per share.....
...Cisco also proffered guidance for its current fourth quarter. It believes revenue will rise by 6% to 8% compared to the same quarter of fiscal 2020, and adjusted earnings will land at $0.81 to $0.83 per share. That's a mixed bag, however, as the average analyst projection is modeling only 5.5% for the former, yet $0.85 for the latter. ...
https://www.fool.com/investing/2021/05/2...lls-short/
Scoop up Cisco Shares at This Attractive Level: Wells Fargo
....Both the top-and bottom-line results were solid. In F3Q21, the networking company generated revenue of $12.8 billion, amounting to a 6.8% year-over-year uptick and beating the estimates by $230 million. Non-GAAP EPS of $0.83 came ahead of the Street’s call by $0.01. However, supply chain issues impacted gross margin (GM), which at 66%, came in below the previous year’s 66.6% GM. Cash flow from operations also dropped by 8% to $3.9 billion and Enterprise orders were flat year-over-year. And although Cisco’s guidance for revenue growth of 6-8% in FQ4 was better than the Street’s forecast of 5.5%, the company’s EPS outlook of $0.81-$0.83 was lower than the $0.85 consensus estimate. ...
https://www.tipranks.com/news/article/sc...quote_news
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