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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 | 46.27 | 47.20 | 47.40 | 46.84 | 47.10 | 17,935,304 | 05:00:04 |
From May 2021 to May 2024
By Maria Armental
Cisco Systems Inc. expects revenue this quarter to increase 7.5% to 9.5%, ahead of Wall Street projections.
The company, considered a proxy for corporate high-tech hardware demand, expects 61 cents to 66 cents a share in first-quarter profit, or 79 cents to 81 cents on an adjusted basis.
Analysts surveyed by FactSet expect 67 cents a share, or 81 cents on an adjusted basis, with revenue increasing about 7.5% to $12.83 billion.
For the year, Cisco expects a profit of $2.72 to $2.84 a share, or $3.38 to $3.45 a share as adjusted with revenue increasing about 5% to 7%. Analysts had projected an adjusted profit of $3.40 a share and revenue increasing about 4.5% to $51.96 billion.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
August 18, 2021 16:38 ET (20:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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