|By PR Newswire||
|August 18, 2014 09:20 AM EDT||
LONDON, August 18, 2014 /PRNewswire/ --
Investor-Edge.com has issued its complimentary post-earnings review on Cisco Systems Inc. (NASDAQ: CSCO). The company was featured in the headlines on Wednesday, August 13, 2014, as its FY 2014 GAAP net income declined 21.3%. Cisco Systems Inc.'s total revenue for FY 2014 also fell by 3%. Our free coverage report can be accessed at:
For the fourth quarter of 2014, Cisco Systems Inc. reported cash flows from operations of $3.61 billion, compared with $3.99 billion in the year ago period. At the end of FY 2014, cash flows from operations stood at $12.33 billion, as compared to $12.89 billion in FY 2013. Cisco's fourth quarter 2014 gross margin came in at $7.41 billion, above $7.35 billion reported in the year-ago period. However, the gross margin declined from $29.44 billion in FY 2013 to $27.77 billion in FY 2014. Under its Internet of Everything business, Cisco Systems Inc. has signed a memorandum of Understanding (MOU) with leaders of the city of Hamburg for the creation of specific pilot projects around smart traffic, smart street lighting, infrastructure sensing, and remote citizen services. It has also signed a letter of intent with leaders of the city of Kansas City, Missouri to launch a plan to enhance connectivity and innovation through the Smart+Connected Communities™ framework. The free research on CSCO can be downloaded as in PDF format at:
During the fourth quarter 2014, the company paid cash dividend of $0.19 per common share, or $0.97 billion and repurchased approximately 61 million shares of common stock at a purchase price of $1.51 billion under the stock repurchase program at an average price of $25.11 per share. Meanwhile, in FY 2014 Cisco Systems Inc. paid cash dividends of $0.72 per common share, or $3.76 billion and repurchased approximately 420 million shares of common stock worth $9.54 billion under the stock repurchase program at an average price of $22.71 per share. The company is still authorized to repurchase and retire share worth $8.6 billion approximately under its repurchase program with no termination date.
John Chambers, Cisco's Chairman and Chief Executive Officer stated that despite tough environment the company has reported the best non-GAAP earnings per share quarter in its history. Mr. Chambers was also pleased with the ongoing transformation efforts in the company over the past few years and expects a continuation of this trend. He added that the company is focused on growth, innovation and talent, mainly in the spheres of security, data center, software, cloud and internet of everything. Cisco's CEO affirmed that the company has a sound strategy, strong financials and a stable leadership position in the market; and its team is set to deliver and are uniquely positioned to assist customers solve their biggest business problems.
The San Jose, California-based IT company's fourth quarter total revenue stood at $12.36 billion, compared with $12.42 billion in the year ago quarter. The company was able to generate total revenue of $47.14 billion in FY 2014, as compared to $48.61 billion a year ago. Analysts at Bloomberg expected fourth quarter 2014 total revenue of $12.15 billion and FY 2014 total revenue of $46.93 billion. Cisco Systems Inc.'s reported GAAP net income of $2.25 billion or $0.43 per diluted share in Q4 2014 as compared to $2.27 billion, or $0.42 per diluted share a year ago and Bloomberg estimate of $2.16 billion, or $0.41 per share. In FY 2014, the company reported GAAP net income of $7.85 billion or $1.49 per diluted share, compared with $9.98 billion, or $1.86 per diluted share a year ago and Bloomberg estimate of $8.04 billion, or $1.49 per diluted share. Sign up and read the free analyst's notes on CSCO at:
A day after the earnings release, on Thursday, August 14, 2014, Cisco Systems Inc.'s shares lost 2.62% to close the session at $24.54. On Friday, August 15, 2014, Cisco Systems Inc.'s shares further edged 0.45% lower to end the day at $24.43, after vacillating between $24.27 and $24.66. A total of 33.63 million shares were traded, which was above its three months average volume of 29.68 million shares. Cisco Systems Inc.'s shares have fallen by 2.86% in the previous three trading sessions and 5.71% in the last one month, while the stock has advanced 8.92% on YTD basis. The stock is trading above its 200-day moving average of $23.11, while the 200-day moving average is below Cisco Systems Inc.'s 50-day moving average of $25.15. The stock traded at a PE ratio of 14.50 and has a Relative Strength Index (RSI) of 34.85. Visit Investor-Edge and access the latest research on CSCO at:
Sneak Peek to Corporate Insider Trading
Between July 15th, 2014, and August, 06th, 2014, Pankaj Patel, Executive Vice President and Chief Development Officer of Cisco Systems Inc., has bought a total of 200,000 shares at an average price of $17.82 per share and sold a total of 200,000 shares at an average price of $25.21 per share. Complimentary in-depth research on CSCO is available at:
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera M...
Sep. 27, 2016 11:45 PM EDT Reads: 2,958
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Sep. 27, 2016 10:45 PM EDT Reads: 3,395
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Sep. 27, 2016 10:45 PM EDT Reads: 2,841
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Sep. 27, 2016 10:30 PM EDT Reads: 2,177
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 27, 2016 09:30 PM EDT Reads: 2,961
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Sep. 27, 2016 09:30 PM EDT Reads: 484
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Sep. 27, 2016 08:30 PM EDT Reads: 2,044
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 27, 2016 08:15 PM EDT Reads: 2,234
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 27, 2016 07:00 PM EDT Reads: 2,868
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Sep. 27, 2016 06:45 PM EDT Reads: 1,820
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Sep. 27, 2016 06:30 PM EDT Reads: 3,571
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Sep. 27, 2016 06:30 PM EDT Reads: 2,211
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Sep. 27, 2016 06:15 PM EDT Reads: 418
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 27, 2016 06:00 PM EDT Reads: 1,702
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 27, 2016 05:45 PM EDT Reads: 1,667