ADVFN - Advanced Financial Network.
HOME» NASDAQ » C » CSCO Stock Price » CSCO Stock News

Cisco Systems Share News

 Cisco Systems (mm) Stock Price
CSCO Stock Price
 Cisco Systems (mm) Stock Chart
CSCO Stock Chart
 Cisco Systems (mm) Stock News
CSCO Stock News
 Cisco Systems (mm) Company Information
CSCO Company Information
 Cisco Systems (mm) Stock Trades
CSCO Stock Trades

Cisco 3Q Net Rises 20% As Margins, Revenue Improve

DOW JONES NEWSWIRES Cisco Systems Inc.'s (CSCO) fiscal third-quarter earnings rose 20% as the networking company's margins and revenue continued to strengthen. The latest quarter marks Cisco's second straight quarter of improved earnings, which follows a yearlong streak of year-over-year profit declines. The company is in the midst of a turnaround after restructuring last year to focus on core product areas such as routing and switching gear that shuttle data between computers. Cisco has said it is benefiting from telecommunications and other companies' need for more robust networks to support mobile and cloud computing. "We are successfully executing against our long-term strategic plan of growing profit faster than revenue, and in a cautious IT spending environment, we continue to outperform our competitors," said Chairman and Chief Executive John Chambers. As the world's dominant maker of networking devices that support Internet traffic, Cisco is often seen as a bellwether of companies' technology spending plans. For the quarter ended April 28, Cisco posted a profit of of $2.17 billion, or 40 cents a share, up from $1.81 billion, or 33 cents a share, a year earlier. Excluding stock-based compensation, restructuring-related impacts and other items, per-share earnings were up to 48 cents from 42 cents. Revenue rose 6.6% to $11.59 billion. The company's February forecast called for earnings between 45 cents and 47 cents a share and revenue growth of 5% to 7%. Gross margin widened to 61.9% from 61.3%. The company's product segment, its biggest top-line contributor, saw revenue rise 5% while its services segment's revenue increased 13%. Historically one of Silicon Valley's most active buyers, Cisco has focused more recently on acquiring start-ups and small companies. Last week, Cisco agreeed to acquire Truviso Inc., a real-time network data analysis and reporting software maker, and in March, said it would buy ClearAccess, a maker of customer-premise-equipment management software. However, the company earlier this year also agreed to acquire video-software maker NDS Group Ltd. for $4 billion, the company's biggest deal in more than two years and a reflection of Cisco's focus on video. Shares slipped 2.4% to $18.33 after hours. The stock reached a 52-week high last month, but has since pulled back 12% through the close. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
04/15/201415:45:12TECH STOCKS: Twitter Rallies 8% As Nasdaq Reclaims 4,000
04/15/201411:33:26TECH STOCKS: Nasdaq Back Below 4000; Apple, Google Fall
04/11/201419:36:07Riding the Tech Roller Coaster
04/11/201411:36:49TECH STOCKS: Yahoo, Twitter Weigh On Techs; Zynga Rises
04/11/201408:19:49Canada Government Disables More Online Services On Heartbleed...
04/10/201416:54:21TECH STOCKS: Facebook, Google, Apple Fall As Techs Dive
04/04/201416:35:41TECH STOCKS: Facebook, Microsoft Lead Tech Sector Retreat
04/04/201412:54:39TECH STOCKS: Microsoft, Cisco Lead Tech Sector Retreat
04/02/201417:28:58TECH STOCKS: Cisco Still Hurting In Emerging Markets
04/02/201413:02:24EU to Vote on Web Traffic Regulation
03/28/201412:57:32TECH STOCKS: BlackBerry Rises, Then Slips On Results
03/27/201409:44:41U.S. Hot Stocks: Hot Stocks to Watch
03/27/201407:08:49Spherix Sues Cisco Over Alleged Patent Infringements
03/22/201417:47:45Magazine Reports NSA Spied on Top China Officials and Huawei...
03/20/201416:38:10TECH STOCKS: 3-D Printing Stocks Down As H-P Eyes Market
03/18/201411:12:38TECH STOCKS: H-P Seen Gaining As IBM Exits Key Market
03/13/201419:38:14Cisco Probes Bribery-Related Allegations -- Update
03/13/201418:30:06Cisco Probing Bribery-Related Allegations
03/12/201414:56:25TECH STOCKS: Tech Stocks Overcome Early Losses
03/02/201406:18:18MARKET SNAPSHOT: Jobs, Winter Weather To Test Record Stock Levels

Cisco Systems and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad