The company’s fiscal fourth quarter revenue tally was up 4 percent compared to the year-ago period.
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Cisco Systems posted solid fiscal fourth-quarter results Wednesday, sending the computer networking gear maker’s shares higher in aftermarket trading.
“I’m particularly pleased with the strong growth of deferred revenue, which shows we are very effectively driving our business to a more predictable software-based business model”, said Robbins. Cisco thinks to discontinue promoting movie equipment found in houses but maintain selling tools used in cable company services.
For the fourth quarter of fiscal 2015, Cisco repurchased approximately 35 million shares of common stock under its stock repurchase program at an average price of $28.62 per share for an aggregate purchase price of $1.0 billion. As per the trading info, the shares saw $252.69 million in upticks and lost $112.97 million in downticks, resulting in a net money flow of $139.72 million.
Analysts on average were expecting a profit of 56 cents per share on revenue of $12.65 billion, according to Thomson Reuters I/B/E/S. Over the past few years, Cisco has grown into a major server vendor, with its UCS, or Unified Computing System, reaching a $3 billion annual run rate during the third quarter, with nearly 44,000 customers. The firm has a market cap of $143.17 billion and a P/E ratio of 16.36. The service-provider and emerging markets problems will continue to be hurdles but having a sound business core and data center and security sectors with growth have the potential to lead company to revenue and earnings.
The Americas rose a pleasing $7.252 billion to $7.801 billion, while EMEA slipped slightly from $3.119 billion to $3.110 billion. (These figures take out stock option expenses and other non recurring items).
Shares of Cisco Systems (NASDAQ:CSCO) traded down 0.21% on Thursday, hitting $28.15.
Cisco Systems (NASDAQ:CSCO) was the recipient of a significant growth in short interest in July. Based on an average daily volume of 25,250,072 shares, the short-interest ratio is presently 1.8 days. Vetr upgraded shares of Cisco Systems from a hold rating to a buy rating and set a $31.84 price objective for the company in a report on Monday, May 11th.
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Cisco Systems, Inc. (CSCO) stated entire Asia Pacific sales were flat with sales per cent compared with a 20 per cent drop in its 3rd quarter off 3 in China, in the latest quarter. Earnings, adjusted for one-time gains and costs, came to 59 cents per share.
