Welcome!

News Feed Item

Post-earnings Review - Cisco Systems

Editor Note: For more information about this release, please scroll to bottom

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:

http://www.investor-edge.com/register

Earnings Overview    

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:

http://www.Investor-Edge.com/CSCOFreeReport

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:

http://www.Investor-Edge.com/CSCO-18082014

Stock Performance 

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:

http://www.Investor-Edge.com/CSCOEarningsCoverage

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:

http://www.Investor-Edge.com/CSCOInsiderTrading

About Investor-Edge.com 

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.

===============

EDITOR'S NOTES:

===============

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.

COMPLIANCE PROCEDURE

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.


SOURCE Investor-Edge

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists l...
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. 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.
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to max...
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...