Tech prime Cisco Systems (CSCO) reported robust third-quarter fiscal 2024 results, beating both earnings and revenue estimates. It provided upbeat guidance for the ongoing quarter and the fiscal year.CSCO shares jumped about 5% in after-market hours. In the pre-market trading, the stock moved up nearly 5% at the time of writing. The smooth trading is expected to continue in the ETF world as well, thereby making ETFs with the largest allocation to this networking giant compelling. The ETFs include iShares U. ...

Key PointsCisco Systems struggled in Q3, but signs of normalization and a return to growth are present. Analysts like what they see and are helping to support the market. Capital returns are safe, reliable, and expected to grow. 5 stocks we like better than Cisco SystemsCisco Systems' NASDAQ: CSCO headwinds are diminishing, opening the door to a rebound and sustainable rally that could lift the share price by double-digits. While end-market inventory normalization is still underway in the networking segment ...

Cisco Systems Inc (NASDAQ:CSCO) beat fiscal third-quarter earnings and revenue expectations, and also issued strong 2024 and fourth-quarter revenue forecasts. The tech giant attributed the upbeat results to higher enterprise spending, as well as easing supply chain constraints. Nevertheless, CSCO reversed its premarket gains, last seen down 2.2% to trade at $48.56.The security is also brushing off three price-target hikes, including Oppenheimer's adjustment to $58 from $54. The majority of analysts are stil ...

Cisco Systems, Inc. (NASDAQ:CSCO) Q3 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Sami Badri - Head of IR Chuck Robbins - Chair and CEO Scott Herren - CFO Gary Steele - Cisco's EVP and GM of Splunk Conference Call Participants Amit Daryanani - Evercore Simon Leopold - Raymond James Tal Liani - Bank of America David Vogt - UBS Meta Marshall - Morgan Stanley James Fish - Piper Sandler Samik Chatterjee - JPMorgan Matt Nicknam - Deutsche Bank George Notter - Jefferies Ittai Kidron ...

Wednesday, May 15th, 2024Most major stock market indices are at all-time highs as of Wednesday’s close. Today’s CPI report for April set the stock market alight from the moment of its release prior to the opening bell — and this was coming off an all-time-high close for the Nasdaq just yesterday. This CPI report put the domestic inflation trajectory back on the “soft landing” path, where it had veered away from somewhat over the previous two months, and now the Dow, Nasdaq and S&P 500 are at their highest c ...

Key TakeawaysCisco Systems reported better-than-expected revenue in its third-quarter earnings announcement Wednesday after the bell.The company also raised its full-year revenue guidance.The tech company's shares rose in extended trading following the announcement. Cisco Systems (CSCO) shares surged over 4% in extended trading Wednesday after the company reported third-quarter revenue exceeding analysts' expectations and raised its full-year guidance. Cisco's revenue for the fourth quarter of fiscal 2024 w ...

Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024.Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street's estimates, even with sales dropping from a year earlier. The stock rose more than 4% in extended trading.Here's how the company did in comparison with LSEG consensus:Earnings per share: 88 cents adjusted vs. 82 cents expectedRevenue: $12.7 billion vs. $12.53 billion ...

Exhibit 99.1 Press Contact: Investor Relations Contact: Robyn Blum Sami Badri Cisco Cisco 1 (408) 930-8548 1 (469) 420-4834 rojenkin@cisco.com sambadri@cisco.com CISCO REPORTS THIRD QUARTER EARNINGS News Summary: • $12.7 billion in revenue, down 13% year over year, in line with expectations and reflects our customers’ continued implementation of products on-hand • Strong profitability with GAAP gross margin of 65.1% and non-GAAP gross margin of 68.3% • Transformed business model, further enhanced by the Spl ...

In a concerted effort to thwart the growing menace of cyberattacks and strengthen cyber resiliency, technology companies are increasingly investing in a comprehensive suite of modernized cloud security and compliance solutions. These solutions are specifically designed to assist enterprises in mitigating risk and safeguarding their data across hybrid, multi-cloud environments and workloads.Leveraging artificial intelligence, machine learning and automation techniques, these solutions bring together human ex ...

Cisco Systems (CSCO) is set to release its third-quarter fiscal 2024 results on May 15.The company anticipates third-quarter fiscal 2024 revenues to be between $12.1 billion and $12.3 billion. Non-GAAP earnings are expected between 84 and 86 cents per share.The Zacks Consensus Estimate for revenues is pegged at $12.47 billion, indicating a decline of 14.4% from the year-ago quarter’s reported figure.The consensus mark for earnings has decreased by a couple of cents in the past 30 days to 83 cents per share. ...