|Bid||27.19 x 1800|
|Ask||27.20 x 1500|
|Day's Range||27.08 - 27.33|
|52 Week Range||22.40 - 30.96|
|PE Ratio (TTM)||17.23|
|Dividend & Yield||0.40 (1.44%)|
|1y Target Est||N/A|
On August 16, Cisco Systems (CSCO) reported its results for fiscal 4Q17, which ended in July. The company posted quarterly revenue of $12.1 billion, narrowly beating Wall Street estimates of…
Cisco Systems, Inc. (NASDAQ:CSCO) has mostly missed out on the tech rally this year. Fiscal fourth-quarter earnings aren’t going to help that any. Cisco reported its quarterly results after Wednesday’s bell, and a weak performance has Wall Street selling off Cisco stock to the tune of about 2%.
Cisco Systems (CSCO) is expected to report earnings this afternoon, after the closing bell, and analysts have been tuning up their financial models in advance of that the last couple days. Tim Long with BMO Capital, who has a Market Perform rating on the stock, and a $32 price target, notes today that he has an estimate roughly in line with consensus, modeling $12.1 billion in revenue and 61 cents EPS. Long thinks security will again be a bright spot, while Cisco is sure to have lost ground again in switching to Arista Networks (ANET) and Juniper Networks (JNPR): We are roughly in line with both consensus revenue expectations and EPS for the July quarter.