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August 14, 2012
Cisco News - Cisco Systems to Report Quarterly Results on Wednesday
By Ed Silverstein, TMCnet Contributor
Reports said the company’s Q4 results will likely be steady and are representative of good management – based on recent statements from industry analysts.
"The fourth quarter is typically Cisco's strongest, but it is only expected to be flat quarter-on-quarter," a note from Tim Long, an analyst at BMO Capital Markets, said in a Reuters (News - Alert) report. "That said, Cisco has executed much better of late and is doing a solid job of managing what is within its control."
The average prediction from analysts shows earnings per share of 45 cents and $11.61 billion in revenue for Q4.
To hear details on quarterly results, Cisco scheduled a conference call at 1:30 PM (PT) on Wednesday. For registration, please click here. Also, an archived version of the webcast will be available on the Cisco investor website, TMCnet said.
In addition, Cisco has taken steps to improve efficiency – such as recently cutting the number of employees and finding other company savings.
In a related matter, Reuters reported that Deutsche Bank analyst Brian Modoff said U.S. enterprise IT spending was “stabilizing and that IT spending among Fortune 100 companies was improving modestly.”
"We note that large telcos such as Verizon Business (News - Alert) and AT&T are in the process of meaningfully scaling out their Cloud services infrastructures, an attractive near-term growth opportunity for Cisco's data center equipment sales," Modoff said.
Also, Ehud Gelblum, an analyst with Morgan Stanley, added that demand from service providers in North America – and to a lesser degree elsewhere – during the last six months of this year would counter negative trends such as lower orders in enterprise, lower European spending, and “flat” spending by the public sector.
In addition, over the past 12 months, shares of Cisco gained close to 26 percent, Reuters said. For the year so far, the shares are down 2.1 percent. The shares were trading at $17.21 at midday Tuesday (ET).
Edited by Brooke Neuman
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