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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cisco Systems Inc | NASDAQ:CSCO | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.35 | 0.75% | 47.14 | 47.14 | 47.19 | 47.40 | 46.84 | 47.10 | 17,935,304 | 00:56:53 |
By Maria Armental
Networking-equipment giant Cisco Systems Inc., considered an industry bellwether, is slated to report fourth-quarter results. Here's what you need to know:
PROFIT: Analysts expect profit to increase to about 69 cents a share, or 83 cents a share on an adjusted basis, according to FactSet. Cisco has projected 64 cents to 69 cents a share, or 81 cents to 83 cents as adjusted.
REVENUE: Analysts expected revenue to rise about 7% to $13.04 billion. Cisco projected a 6% to 8% increase.
What to Watch:
PRODUCT ORDERS: Investors will be looking for product orders trends and any potential impact from rising Covid-19 cases. In May, when it reported third-quarter results, Cisco said total product orders rose 10%, which company officials said was the highest growth rate since the first quarter of fiscal 2012.
SUPPLY CHAIN: Cisco has forecast adjusted gross margin for the quarter of 64% to 65%, reflecting higher supply-chain costs. Chief Financial Officer Scott Herren had said supply-chain issues would stretch through at least the end of 2021.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
August 18, 2021 11:59 ET (15:59 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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