Factors Likely To Influence Cisco's (CSCO) Earnings In Q2
Zacks Investment Research | Feb 08, 2019 07:04AM ET
Cisco Systems Inc. (NASDAQ:CSCO) is scheduled to report second-quarter fiscal 2019 earnings on Feb 13. The company outpaced the Zacks Consensus Estimate for earnings in the trailing four quarters, recording average positive surprise of 3.5%.
In the first quarter, the company delivered non-GAAP earnings of 75 cents per share coming ahead of the Zacks Consensus Estimate of 72 cents per share. Further, the figure surged 22.9% from the year-ago quarter.
Revenues increased 7.7% year over year to $13.072 billion and surpassed the Zacks Consensus Estimate of $12.871 billion. Acquisitions contributed 80 basis points (bps) to revenue growth in the reported quarter.
Strength witnessed in the company’s Security and Applications segments drove year-over-year growth. Order strength and improving traction of the subscription-based model were other tailwinds.
Guidance & Estimate
For second-quarter fiscal 2019, revenues are expected to grow 5-7% on a year-over-year basis. The Zacks Consensus Estimate for revenues is pegged at $12.4 billion, representing year-over-year growth of 4.3%.
Non-GAAP earnings are anticipated between 71 cents and 73 cents per share. The Zacks Consensus Estimate for earnings is pegged at 72 cents, representing year-over-year growth of 14.3%.
Shares of the company have gained 18.2% on a year-over-year basis, outperforming the Zacks Investment Research
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