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.
CONFIDENCE 90
IMPORTANCE 80
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