Sundry Photography I presented a ‘Sell’ thesis for Cisco (NASDAQ:CSCO) in my previous article published in March 2024, highlighting their internal issue of inventory destocking and sluggish demands from Telco/Cable markets. The company released its Q4 result on August 14th , showing a 10.3% decline in total revenue. The stock price has underperformed the S&P 500 since my last article. The company announced a second round of job cuts this year and a shift in focus towards growth areas such as AI and cybe ...

Cisco Systems, Inc CSCO stock gained in Wednesday after-hours trading after the company reported upbeat fourth-quarter earnings. The stock price maintained the upward trajectory on Thursday.The results came amid an exciting earnings season. Here are some key analyst takeaways.Cisco reported fiscal fourth-quarter revenue of $13.64 billion, exceeding the analyst consensus estimate of $13.537 billion. The company reported adjusted EPS of $0.87, topping analyst consensus estimates of $0.85.Needham analyst Alex ...

gremlin/E+ via Getty Images Shares of Cisco Systems, Inc. (NASDAQ:CSCO) have quite a storied history, but in trading and investing, it does not matter where a company or stock has been, it matters where it is going. For many quarters, performance at Cisco has been one of very slow progress. The stock in turn has reflected the slow progress and really has been a zombie, slowly moving sideways to down for many, many months. Although shares are popping today, they are barely back to the $50 mark. Data by YChar ...

Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.Cisco shares jumped about 8% on Thursday and headed for their best day since March 2020, after the computer networking company said it's cutting 7% of its workforce and reported quarterly results that beat analyst estimates.Morgan Stanley analysts said in a note to investors that Cisco's results were better than feared."Cisco's FQ4 beat, and better than expected order ...

Cisco Systems (CSCO) reported fourth-quarter fiscal 2024 non-GAAP earnings of 87 cents per share, which beat the Zacks Consensus Estimate by 2.35%. The bottom line fell 23.7% year over year.Revenues decreased 10.3% year over year to $13.64 billion but beat the consensus mark by 0.9%. Product revenues (72.3% of total revenues) decreased 15.4% on a year-over-year basis to $9.86 billion.Splunk contributed $960 million of total revenues in the reported quarter. Networking revenues declined 28% year over year to ...

文章核心观点 - 思科公司计划裁员7%,这是今年的第二轮裁员,公司正在将重点转移到人工智能和网络安全等增长更快的领域 [2][3] - 思科最近宣布与英伟达合作,开发人工智能系统的基础设施 [4] - 思科正在加大在网络安全领域的投资,推出了一项网络安全准备指数,帮助企业评估抵御攻击的能力 [6] 财务表现 - 思科第四财季收入下降10%至136.4亿美元 [7] - 第四财季调整后每股收益为0.87美元,高于分析师预期的0.85美元 [7][8] - 思科预计当前财季调整后每股收益为0.86-0.88美元,收入为136.5-138.5亿美元,均高于分析师预期 [9] - 分析师表示,思科的订单增长6%(不含收购Splunk的影响),表明需求正在恢复 [10] - 裁员将有助于抵消收购Splunk带来的利息费用影响,并整合两家公司的员工 [11]

Key TakeawaysShares in Cisco Systems jumped ahead of Thursday’s opening bell after the technology and networking company released earnings that topped Wall Street’s estimates and announced that it’s cutting 7% of its global workforce.The share price broke below the neckline of a head and shoulders pattern earlier this month, but lackluster trading volumes indicate a lack of conviction behind the move.Cisco shares could run into overhead resistance at key chart levels including $48.50, $50, $52.50, and $58. ...

财务数据和关键指标变化 - 第四季度收入为136亿美元,超出了指导范围的高端 [9] - 全年收入538亿美元,为公司历史第二高 [45] - Splunk贡献了约14亿美元的收入 [45] - 非GAAP每股收益为3.73美元,超出了指导范围的高端 [46] - 总体非GAAP毛利率为67.5%,为20年来最高 [48] 各条业务线数据和关键指标变化 - 安全业务收入增长81%,不包括Splunk的情况下增长6% [36] - 协作业务收入持平,云呼叫和CPaaS业务增长抵消了会议和设备的下降 [36] - 可观测性业务收入增长41%,不包括Splunk的情况下增长12% [37] - 网络业务收入下降28%,受到去年同期大量交付积压订单的影响 [35] 各个市场数据和关键指标变化 - 美洲和欧洲地区订单增长6%,亚太地区增长8% [56] - 企业客户订单增长3%,云服务提供商和电信客户增长2%,公共部门增长15% [56] 公司战略和发展方向及行业竞争 - 公司正在整合网络、安全和协作团队,以更好地交付集成解决方案 [12][13] - 公司正在大幅投资人工智能、云计算和网络安全等关键领域 [14] - 公司推出了Hypershield等新的AI驱动的网络安全解决方案 [24] - 公司在AI基础设施领域已经获得超过10亿美元的订单,并预计未来一年还会获得10亿美元的订单 [26][27] 管理层对经营环境和未来前景的评论 - 公司认为客户的库存消化期已基本结束,需求正在恢复正常模式 [10][139] - 公司对AI、云计算和网络安全等领域的发展前景保持乐观 [14][151] - 公司将继续保持财务纪律,同时大幅投资未来增长点 [148][152] 其他重要信息 - 公司宣布进行7%的全球裁员,以提高效率并投资关键增长领域 [14][120] - 公司将网络、安全和协作团队整合为一个组织,由Jeetu Patel领导 [12] - 公司与Splunk的整合进展顺利,双方销售团队已开始联合销售 [85][151] 问答环节重要的提问和回答 问题1 **Meta Marshall 提问** 客户在预算优先级方面的情况 [55] **Chuck Robbins 回答** 公司在各个地区和客户群体中都看到了均衡的需求增长 [56][57] 企业客户正在为AI做准备,更新基础设施 [58][59] 问题2 **Tal Liani 提问** 为何在需求改善的情况下还要进行大规模裁员 [66] **Chuck Robbins 和 Scott Herren 回答** 这不是为了节省成本,而是为了更好地分配资源到公司的关键增长领域 [69][70][93] 问题3 **Samik Chatterjee 提问** 公司在AI订单方面的进展和未来预期 [76][77] **Chuck Robbins 和 Scott Herren 回答** 公司已获得超过10亿美元的AI订单,主要来自于网络基础设施和光学产品 [80][81] 预计未来一年还会获得10亿美元的AI订单 [26][27]

Wednesday, August 14th, 2024Markets continued to make gains today, following a favorable Consumer Price Index (CPI) report for July and a solidifying notion that a rate cut from the Fed is on the way at its September meeting. After some erratic jumping around today, the Dow closed +242 points, +0.61%, while the Nasdaq barely eked out a green finish: +5 points, +0.03%. The S&P 500 and small-cap Russell 2000 were mixed: +0.38% on the former, -0.46% on the latter.At +2.9%, July CPI year over year — the Inflati ...

For the quarter ended July 2024, Cisco Systems (CSCO) reported revenue of $13.64 billion, down 10.3% over the same period last year. EPS came in at $0.87, compared to $1.14 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $13.52 billion, representing a surprise of +0.90%. The company delivered an EPS surprise of +2.35%, with the consensus EPS estimate being $0.85.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...