Cisco Sees Q4 Adj. EPS $0.84-$0.86 vs $0.85 Est., Revenue $13.4B-$13.6B vs $13.23B Est.; Sees FY24 Adj. EPS $3.69-$3.71 vs $3.67 Est., Revenue $53.6B-$53.8B vs $53.14B Est.
Portfolio Pulse from Benzinga Newsdesk
Cisco has provided its Q4 and FY24 financial guidance. For Q4, the company expects adjusted EPS between $0.84 and $0.86, slightly above the consensus estimate of $0.85. Revenue is projected to be between $13.4 billion and $13.6 billion, also above the estimate of $13.23 billion. For FY24, Cisco anticipates adjusted EPS of $3.69 to $3.71, compared to the estimate of $3.67, and revenue of $53.6 billion to $53.8 billion, exceeding the estimate of $53.14 billion.
May 15, 2024 | 8:07 pm
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POSITIVE IMPACT
Cisco's Q4 and FY24 financial guidance exceeds market expectations. The company projects higher adjusted EPS and revenue for both periods, indicating strong performance and positive outlook.
Cisco's guidance for Q4 and FY24 shows higher-than-expected adjusted EPS and revenue, which is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100