• Company News: Cisco (CSCO) quarterly earnings beat analysts’ forecast

Market news

19 August 2021

Company News: Cisco (CSCO) quarterly earnings beat analysts’ forecast

Cisco (CSCO) reported Q4 FY 2021 earnings of $0.84 per share (versus $0.80 per share in Q4 FY 2020), beating analysts’ consensus estimate of $0.83 per share.

The company’s quarterly revenues amounted to $13.126 bln (+8.0% y/y), roughly in line with analysts’ consensus estimate of $13.039 bln.

The company also issued guidance for Q1 FY 2022, projecting EPS of $0.79-0.81 versus analysts’ consensus estimate of $0.81 and revenues of $12.82-13.06 bln versus analysts’ consensus estimate of $12.81 bln.

For the full FY 2022, it forecast EPS of $3.38-3.45 versus analysts’ consensus estimate of $3.41 and revenues of $52.309-53.305 bln versus analysts’ consensus estimate of $51.89 bln.

CSCO fell to $54.43 (-1.31%) in pre-market trading.

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