|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.
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
May. 24, 2016 09:00 PM EDT Reads: 1,776
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
May. 24, 2016 08:45 PM EDT Reads: 910
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
May. 24, 2016 08:45 PM EDT Reads: 658
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
May. 24, 2016 08:30 PM EDT Reads: 932
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
May. 24, 2016 08:15 PM EDT Reads: 1,022
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
May. 24, 2016 07:45 PM EDT Reads: 885
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
May. 24, 2016 07:15 PM EDT Reads: 962
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
May. 24, 2016 06:30 PM EDT Reads: 724
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
May. 24, 2016 06:00 PM EDT Reads: 4,639
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
May. 24, 2016 05:00 PM EDT Reads: 1,837
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
May. 24, 2016 04:15 PM EDT Reads: 1,817
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
May. 24, 2016 04:00 PM EDT Reads: 1,678
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, panelists will discuss the vast to...
May. 24, 2016 04:00 PM EDT Reads: 2,348
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
May. 24, 2016 02:15 PM EDT Reads: 2,072
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
May. 24, 2016 02:00 PM EDT Reads: 3,839