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Can Cisco Keep Up the Pace With Earnings?

Can Cisco Keep Up the Pace With Earnings?

Cisco Systems Inc. (NASDAQ: CSCO) is scheduled to release its most recent quarterly results after the markets close on Wednesday. The consensus estimates from Thomson Reuters call for $0.65 in earnings per share (EPS) on $12.44 billion in revenue. The fiscal third quarter of last year had EPS of $0.60 and $11.94 billion in revenue. Cisco has led the Dow Jones industrials for a fair amount of 2018, and it doesn’t seem to be stopping any time soon. Over the past 52 weeks, Cisco has outperformed the broad markets, with its stock up about 33%. In just 2018 alone, the stock is up nearly 19%. For its previous quarter, the company reported outstanding results and a huge stock buyback as well. Adjusted