Cisco Systems Inc reports results for the quarter ended July 31 - Earnings Summary

• Cisco Systems Inc CSCO.OQ reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 87 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 98 cents per share. Wall Street expected results to range from 97 cents to 98 cents per share.

• Revenue rose 7.6% to $14.67 billion from a year ago; analysts expected $14.62 billion.

• Cisco Systems Inc's reported EPS for the quarter was 71 cents​.

• The company reported quarterly net income of $2.82 billion.

• Cisco Systems Inc shares had risen by 2.9% this quarter and gained 20.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for Cisco Systems Inc is $73.11, about 2.4% above its last closing price of $71.38

This summary was machine generated from LSEG data August 13 at 09:01 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)