|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 it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
Feb. 27, 2017 10:00 AM EST Reads: 6,222
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions with...
Feb. 27, 2017 10:00 AM EST Reads: 7,989
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. In his general session at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore...
Feb. 27, 2017 09:45 AM EST Reads: 1,836
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
Feb. 27, 2017 09:30 AM EST Reads: 5,572
Unsecured IoT devices were used to launch crippling DDOS attacks in October 2016, targeting services such as Twitter, Spotify, and GitHub. Subsequent testimony to Congress about potential attacks on office buildings, schools, and hospitals raised the possibility for the IoT to harm and even kill people. What should be done? Does the government need to intervene? This panel at @ThingExpo New York brings together leading IoT and security experts to discuss this very serious topic.
Feb. 27, 2017 09:15 AM EST Reads: 3,166
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Feb. 27, 2017 09:15 AM EST Reads: 1,477
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 27, 2017 09:15 AM EST Reads: 2,387
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Feb. 27, 2017 09:15 AM EST Reads: 1,529
In his session at 20th Cloud Expo, Chris Carter, CEO of Approyo, will discuss the basic set up and solution for an SAP solution in the cloud and what it means to the viability of your company. Chris Carter is CEO of Approyo. He works with business around the globe, to assist them in their journey to the usage of Big Data in the forms of Hadoop (Cloudera and Hortonwork's) and SAP HANA. At Approyo, we support firms who are looking for knowledge to grow through current business process, where even ...
Feb. 27, 2017 09:15 AM EST Reads: 1,275
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.
Feb. 27, 2017 09:15 AM EST Reads: 337
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on 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. 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 ad...
Feb. 27, 2017 09:00 AM EST Reads: 2,441
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
Feb. 27, 2017 09:00 AM EST Reads: 6,708
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Feb. 27, 2017 08:45 AM EST Reads: 6,402
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on 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. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Feb. 27, 2017 08:45 AM EST Reads: 266
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 27, 2017 08:45 AM EST Reads: 1,329