|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.
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
Jul. 23, 2016 11:00 PM EDT Reads: 2,209
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, Digital Transformation, 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 opportuni...
Jul. 23, 2016 10:15 PM EDT Reads: 2,403
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 10:00 PM EDT Reads: 1,569
“Being the one true cloud-agnostic and storage-agnostic software solution, more and more customers are coming to Commvault and saying ' What do you recommend? What's your best practice for implementing cloud?” explained Randy De Meno, Chief Technologist at Commvault, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 10:00 PM EDT Reads: 1,567
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Jul. 23, 2016 09:30 PM EDT Reads: 1,936
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Jul. 23, 2016 09:30 PM EDT Reads: 1,869
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Jul. 23, 2016 09:00 PM EDT Reads: 1,805
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jul. 23, 2016 08:45 PM EDT Reads: 1,637
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
Jul. 23, 2016 08:30 PM EDT Reads: 1,764
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 08:30 PM EDT Reads: 2,010
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 Silicon Valley Call for Papers is now open.
Jul. 23, 2016 08:00 PM EDT Reads: 2,408
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jul. 23, 2016 08:00 PM EDT Reads: 1,779
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...
Jul. 23, 2016 07:45 PM EDT Reads: 1,663
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 23, 2016 07:15 PM EDT Reads: 1,864
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 07:00 PM EDT Reads: 1,426