Cisco Q4 Results: Shares Rise After Earnings And Sales Beat
Portfolio Pulse from Ryan Gustafson
Cisco Systems, Inc. reported better-than-expected Q4 earnings, leading to a rise in its shares in the after-hours session. The company reported earnings of $1.14 per share, beating the analyst consensus estimate of $1.06. Revenues of $15.20 billion also surpassed the analyst consensus estimate of $15.05 billion, marking a 16.01% increase over the same period last year. Total software revenue and software subscription revenue were up 17% and 20% year-over-year respectively. The company estimates full-year 2024 earnings per share to be between $4.01 and $4.08, and revenue to be between $57 billion and $58.2 billion.

August 16, 2023 | 8:44 pm
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Cisco's better-than-expected Q4 earnings and revenues have led to a rise in its share price. The company's positive outlook for FY 2024 could also boost investor confidence.
Cisco's Q4 earnings and revenues exceeded analyst estimates, which is a positive signal for investors and could lead to a rise in its share price. The company's positive outlook for FY 2024, despite being slightly below analyst estimates, could also boost investor confidence in its future performance.
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