Cisco Systems: Q1 Earnings Insights

Shares of Cisco Systems CSCO rose 9.23% after the company reported Q1 results.

Quarterly Results

Earnings per share fell 9.52% over the past year to $0.76, which beat the estimate of $0.70.

Revenue of $11,929,000,000 decreased by 9.35% from the same period last year, which beat the estimate of $11,850,000,000.

Looking Ahead

Cisco Sees Q2 Adj. EPS $0.74-$0.76 vs $0.73 Est., Sales Flat To Down 2% YoY

Conference Call Details

Date: Nov 12, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/bmnt7o4m

Price Action

Company's 52-week high was at $50.28

52-week low: $32.40

Price action over last quarter: down 9.50%

Company Profile

Cisco Systems, Inc. is the world's largest hardware and software supplier within the networking solutions sector. The infrastructure platforms group includes hardware and software products for switching, routing, data center, and wireless applications. Its applications portfolio contains collaboration, analytics, and Internet of Things products. The security segment contains Cisco's firewall and software-defined security products. Services are Cisco's technical support and advanced services offerings. The company's wide array of hardware is complemented with solutions for software-defined networking, analytics, and intent-based networking. In collaboration with Cisco's initiative on growing software and services, its revenue model is focused on increasing subscriptions and recurring sales.