Network gear maker Cisco Systems Inc (NASDAQ: CSCO) will be reporting fourth-quarter results today at 4:05 PM ET, amid expectations for strong earnings and revenue performance.
Wall Street is looking for earnings of $1.06 per share for the July quarter, which is sharply higher than the $0.83/share profit reported a year earlier. The consensus revenue estimate is $15.05 billion, which represents a 15% year-over-year increase.
In the third quarter, a 29% surge in Secure, Agile Networks revenue drove up the top line to $14.6 billion — up 14%. Adjusted earnings jumped 15% annually to $1.0 per share. Operating cash flow rose sharply to a record high of $5.2 billion.
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