Cisco Systems Inc reports results for the quarter ended April 30 - Earnings Summary

• Cisco Systems Inc CSCO.OQ reported quarterly adjusted earnings of 96 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 88 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 92 cents per share. Wall Street expected results to range from 90 cents to 95 cents per share.

• Revenue rose 11.4% to $14.15 billion from a year ago; analysts expected $14.08 billion.

• Cisco Systems Inc's reported EPS for the quarter was 62 cents​.

• The company reported quarterly net income of $2.49 billion.

• Cisco Systems Inc shares had risen by 0.1% this quarter and gained 4.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Cisco Systems Inc is $68.00

This summary was machine generated from LSEG data May 14 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)