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. ...

Home Depot will report earnings tomorrow before the market open. (Photo by Tim Boyle/Getty Images)Getty ImagesKey Takeaways Earnings On Pace For Strong Growth Home Depot And Walmart Reporting This Week PPI And CPI This WeekMarkets extended their winning streak to three weeks, albeit the gains were nominal. On Friday, both the S&P 500 and Nasdaq Composite were hardly changed but the S&P added 1.8% for the week and Nasdaq gained just over 1%. Last week was an opportunity for investors to catch their breath a ...

William_Potter/iStock via Getty Images An income portfolio depends on quality reliable dividend paying companies that also give yearly raises. 5 companies in Rose’s Income Garden portfolio gave April raises that are discussed and my take along with a Rose recommendation is made for owning them. They are all from different sectors that include consumer staples, healthcare, utility, technology and real estate that are examined for quality, earnings, dividend growth and more. The statistics that include 5- ...

American stocks had a great performance this week as the first quarter earnings season came to a close. The Dow Jones indicator has risen for three straight weeks and is nearing its all-time high of $40,000.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Similarly, the Nasdaq 100 and the S&P 500 indices are all nearing their all-time highs. That’s because the earnings season has been highly successful. Data by FactSet shows that so far, companies have ...

The upcoming report from Cisco Systems (CSCO) is expected to reveal quarterly earnings of $0.83 per share, indicating a decline of 17% compared to the year-ago period. Analysts forecast revenues of $12.47 billion, representing a decrease of 14.4% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a com ...

Organizations are committed to raising awareness for closing the talent gap and increasing diversity within the cybersecurity industry SAN FRANCISCO, May 8, 2024 /PRNewswire/ -- As the talent gap continues to present a massive and growing challenge within the cybersecurity industry, NightDragon, Cisco and World Wide Technology (WWT) today announced a collaboration with NPower to increase diversity and empower individuals from all backgrounds to pursue careers in cybersecurity. The cyber talent gap presents ...