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Forbes Earnings Preview: Cisco Systems

This article is more than 10 years old.

Wall Street is optimistic about Cisco Systems (CSCO), which is slated to report its fourth quarter results on Wednesday, August 15, 2012. Analysts project a profit of 41 cents a share, a rise from 35 cents per share a year ago.

Analysts are projecting earnings of $1.63 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of $11.2 billion by 3.8%, finishing at $11.62 billion for the quarter. For the year, revenue is expected to come in at $45.98 billion.

The company has seen steady earnings for the last eight quarters, and for the last four, net income has increased year-over-year by an average of 4.8%. The company saw the biggest boost in the second quarter, in which it saw a 43.5% growth.

The majority of analysts (56.7%) rate Cisco as a buy. This compares favorably to the analyst ratings of its nearest 10 competitors, which average 39.9% buys. Analysts have become more optimistic about the stock recently and the number of buy ratings has risen slightly over the past three months. The stock price has increased from $16.70 on May 14, 2012 to $17.70 over the past quarter.

Earnings estimates provided by Zacks.

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