Cisco Systems (CSCO) Tops Q3 EPS by 1c, Revenue Misses, Offers Guidance
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Broadcom (AVGO), Ciena (CIEN) Trade Lower in Sympathy with Cisco Systems (CSCO)
May 18, 2022 4:23 PM EDTBroadcom (NASDAQ: AVGO), Ciena (NYSE: CIEN) Trade Lower in Sympathy with Cisco Systems (NASDAQ: CSCO)
AVGO -3.6%CIEN -9% Cisco -16% following results... MoreCisco Systems (CSCO) Plunges 14% Following Results and Weak Guidance
May 18, 2022 4:12 PM EDTCisco Systems (NASDAQ: CSCO) Plunges 14% Following Results and Weak Guidance
... MoreCisco Systems (CSCO) Reports Q3 Revenue of $12.8B, EPS of $0.87, Provides FY22 Guidance
May 18, 2022 4:06 PM EDTNews Summary:
$12.8 billion in revenue, flat year over year; GAAP EPS $0.73, up 7% year over year, and Non-GAAP EPS $0.87, up 5% year over yearSolid demand with product order growth up 8% year over yearProgress on business model transformation with total Annualized Recurring Revenue (ARR) at $22.4 billion in the third quarter of fiscal 2022, up 11% year over yearQ3 Results:Revenue: $12.8 billionFlat year over yearEarnings per Share: GAAP: $0.73; Non-GAAP: $0.87GAAP EPS increased 7% year over yearNon-GAAP EPS increased 5% year over yearQ4 Guidance:... More