Cisco Q3 Earnings: Revenue Beat, EPS Beat, Splunk Tailwinds, 'Stabilization Of Demand' And More
Portfolio Pulse from Adam Eckert
Cisco Systems Inc (NASDAQ:CSCO) reported Q3 fiscal 2024 earnings with revenue and EPS beating estimates. Revenue was $12.7 billion, down 13% YoY but above the $12.531 billion consensus. EPS was 88 cents, beating the 82 cents estimate. The Splunk acquisition contributed $413 million to revenue. Cisco expects Q4 revenue between $13.4 billion and $13.6 billion and full-year revenue between $53.6 billion and $53.8 billion. The stock rose 1.47% during the day and 5.29% after hours.
May 15, 2024 | 8:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cisco's Q3 earnings beat estimates with revenue of $12.7 billion and EPS of 88 cents. The Splunk acquisition contributed $413 million to revenue. Cisco's Q4 and full-year revenue guidance also exceeded estimates. The stock rose 1.47% during the day and 5.29% after hours.
Cisco's Q3 earnings beat both revenue and EPS estimates, which is a positive indicator for the stock. The contribution from the Splunk acquisition and strong guidance for Q4 and the full year further bolster investor confidence. The stock's significant after-hours rise reflects positive market sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100