Cisco Systems Inc. gave some more details on the timing of revenue from its anticipated orders related to artificial intelligence, and it looks like the networking giant is going to be a late bloomer in AI. On Wednesday, Cisco CSCO repeated comments from last quarter about a line of sight into $1 billion of orders related to products for building AI infrastructure for fiscal 2025. Cisco Chief Financial Officer Scott Herren told analysts on the company’s earnings call that he expects “the majority of that bi ...

For the quarter ended January 2024, Cisco Systems (CSCO) reported revenue of $12.79 billion, down 5.9% over the same period last year. EPS came in at $0.87, compared to $0.88 in the year-ago quarter.The reported revenue represents a surprise of +0.53% over the Zacks Consensus Estimate of $12.72 billion. With the consensus EPS estimate being $0.84, the EPS surprise was +3.57%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Cisco Systems (CSCO) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.57%. A quarter ago, it was expected that this seller of routers, switches, software and services would post earnings of $1.03 per share when it actually produced earnings of $1.11, delivering a surprise of 7.77%.Ov ...

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, ...

Cisco Systems Inc. announced a restructuring plan on Wednesday that includes job cuts of 5%, or about 4,200 people, on lower quarterly and fiscal-year guidance. “We continue to align our investments to future growth opportunities,” Cisco Chief Executive Chuck Robbins said in a statement announcing the results. Cisco CSCO reported fiscal second-quarter... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now ...

Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022.Cisco said in a statement on Wednesday that it would cut 5% of employees. The networking hardware maker had about around 85,000 employees as of last July. Shares were down 4% in extended trading.Cisco is the latest tech company to announce downsizing plans in 2024, as the industry continues to squeeze out costs following the market downturn that hit two years ago. January was the busiest month for job cuts in the industr ...

SAN JOSE, Calif., Feb. 14, 2024 /PRNewswire/ --  News Summary: $12.8 billion in revenue, down 6% year over year; GAAP EPS $0.65, down 3% year over year, and Non-GAAP EPS $0.87, down 1% year over year Revenue growth in security, collaboration and observability Progress on business model transformation in Q2 FY 2024: Total software revenue was flat year over year and software subscription revenue up 5% year over year Total annualized recurring revenue (ARR) at $24.7 billion, up 6% year over year a ...

Signage with logo at the Silicon Valley headquarters of networking company Cisco, San Jose, ... [+] California, August 17, 2017. (Photo via Smith Collection/Gado/Getty Images)GettyCisco System’s Inc. is scheduled to report earnings after Thursday’s close. The stock hit a record high of $82/share in 2000 and is currently trading near $50. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap do ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

Many tech stocks soared over the past year as interest rates stabilized and investors eagerly rushed toward AI-related stocks in anticipation of a major AI boom. However, that buying frenzy also inflated some tech stocks' valuations to historical highs.So for investors who are wary of buying the market's priciest tech stocks, it might be a good idea to look for the cheaper value plays that pay steady dividends instead. I believe three underappreciated blue chip stocks fit the bill: IBM (IBM -0.28%), AT&T (T ...