Cisco Systems on Deck for Earnings

Cisco Systems (NASDAQ:CSCO)

Cisco Systems (NASDAQ:CSCO) will report its Q3 2011 earnings at 4:30 PM EST today.  Cisco shares are now trading just 7% away from its 52-week low.

Over the past 12 months Cisco Systems Inc (CSCO) shares have traded between $16.52 and its 52-week high of $26.80.  Cisco shares are now trading with a P/E Ratio of 13.2 and EPS of 1.32.  Today Cisco shares are trading around $17.80. Sponsors - Become one Today

( Cisco Systems, Inc. (NASDAQ: CSCO) is due to report today after the closing bell.  The big issues that the company is fighting besides weaker sales are ongoing restructuring efforts, the tone of John Chambers in his apologetic comments, and that the past quarters have expectations very low for the networking giant.  We also want to note that we do expect layoffs to be confirmed today as part of Cisco’s restructuring efforts.

The estimates appear to have the expectation bar set very low.  If Cisco can hold its own today, it may be the first of our future mega-cap stocks to reach that $100 billion market cap.  Thomson Reuters has estimates of $0.37 EPS and $10.86 billion in revenues.  The earnings expectation is actually now lower than last year’s same quarter and the revenue growth assumption is less than 5% on a year over year basis.  Next quarter estimates are $0.42 EPS and $11.67 billion in revenues.

Read more: Full 360-Degree Earnings Preview for Cisco Systems (CSCO) - 24/7 Wall St.


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