About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

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 FOURTH QUARTER AND FISCAL YEAR 2024 EARNINGS News Summary: • Product order growth of 14% year over year; up 6% excluding Splunk • Revenue of $13.6 billion in Q4 FY 2024, above the high end of our guidance range • Strong margins: • Q4 FY 2024 GAAP gross margin of 64.4% and Non-GAAP gross margin of 67.9% • FY 2024 GAAP gross margin of 6 ...

Cisco shares popped 6% in extended trading on Wednesday after the networking company said it's cutting 7% of its global workforce and reported quarterly results that topped analysts' estimates.Here are the key numbers:Earnings: 87 cents per share, adjusted, vs. 85 cents per share estimate, adjusted, according to LSEG.Revenue: $13.64 billion vs. $13.54 billion estimate, according to LSEG.Cisco said in a filing that it's implementing a restructuring plan that will result in $1 billion in pre-tax charges to it ...

Cisco Systems, Inc. CSCO is expected to release earnings results for its fourth quarter, after the closing bell on Wednesday, Aug. 14.Analysts expect the San Jose, California-based company to report quarterly earnings at 85 cents per share, down from $1.08 per share in the year-ago period. Cisco is projected to post revenue of $13.54 billion, compared to $14.45 billion a year earlier, according to data from Benzinga Pro.According to a recent Reuters report, Cisco plans to lay off thousands of employees in a ...

Cisco (NASDAQ:CSCO) is among the large-cap tech stocks that investors may not necessarily pay as close attention to as, say, others in the so-called “Magnificent Seven.” However, the company is seeing significant attention today, with the latest round of Cisco layoffs reportedly set to be carried out soon.This latest round of layoffs will affect at least 4,000 employees. The company is expected to make the official announcement in its upcoming quarterly earnings report, which is due tomorrow.With many tech ...

Cisco Systems Inc CSCO is set to report its fourth-quarter earnings after market hours on Wednesday.Wall Street expects 85 cents in EPS and $13.54 billion in revenues as the company reportsLet’s look at what the charts indicate for Cisco stock, which is down 16.18% over the last year and 10.58% year-to-date. The share price of $45.06 is trading below its five-, 20- and 50-day exponential moving averages. This consistent positioning below key moving averages indicates significant selling pressure. Chart crea ...

Cisco Systems (CSCO) is set to release its fourth-quarter fiscal 2024 results on Aug 14.The company anticipates fourth-quarter fiscal 2024 revenues to be between $13.4 billion and $13.6 billion. Non-GAAP earnings are expected between 84 and 86 cents per share. The Zacks Consensus Estimate for revenues is pegged at $13.52 billion, indicating a decline of 11.07% from the year-ago quarter’s reported figure. The consensus mark for earnings has been steady at 85 cents per share in the past 30 days. CSCO’s earnin ...

robasNetworking infrastructure company Cisco Systems (NASDAQ:CSCO) is set to report earnings this Wednesday. Back in April, I presented my long-term view and analysis of the company. I’d refer back to that for discussion of Cisco's past and overall outlook. This article will zoom in on the latest developments and outlook for this earnings report and going forward. Since my last report, Cisco shares have slipped a few percent in subdued trading. In fact, for the past three years, shares have traded in a ...

kody king Listen below or on the go on Apple Podcasts and Spotify A soft CPI could mean a half-point Fed cut, but also hit stocks. (0:14) Walmart leads retail earnings. (2:33) Disney announces new films, attractions. (6:50) The following is an abridged transcript: Remember inflation? After fixating on the employment situation, the markets will get their fix of consumer and producer prices this week. The big show will be on Wednesday when the July CPI is due. The consensus is for a 0.2% monthly rise ...

Cisco Systems (CSCO) shares have declined 9.3% year to date, underperforming the Zacks Computer & Technology sector’s return of 10.6%. It has been suffering from sluggish networking sales, primarily due to lackluster demand from telecommunication and cable services providers, as well as stiff competition. Cisco’s prospects are further challenged in the AI-driven networking space due to stiffening competition aggravated by Hewlett Packard’s (HPE) pending deal to acquire Juniper.Cisco’s Q4 Forecast CloudyCisc ...