Cisco Reports Bland Earnings Results, Increases Dividend by 11.5%

Cisco Systems, Inc. CSCO just released its second quarter fiscal 2017 earnings results, posting earnings of $0.57 per share and revenue of $11.6 billion.

CSCO was down 1.43% to $32.35 in after-hours trading shortly after its earnings report was released.

Currently, CSCO has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

Cisco Systems, Inc.:

Beat earnings estimates. The company posted earnings of $0.57 cents per share, beating our Zacks Consensus Estimate of $0.50 per share.

Met revenue estimates. The company saw revenue figures of $11.6 billion, meeting our estimate of $11.6 billion.

Cisco announced they will be increasing their quarterly dividend by $0.03 to $0.29 per common share.

The company reported that for the quarter, product revenue was down 4% however service revenue was up 5%. Additionally, Cisco's product gross margin decreased by 20 basis points due to pricing changes and a smaller product mix.

"This quarter we announced our intent to acquire AppDynamics which, combined with Cisco's networking analytics, will provide customers with unprecedented insights into business performance. We will remain focused on accelerating innovation across our portfolio as we continue to deliver value to customers and shareholders" stated Cisco CEO Chuck Robbins.

Here's a graph that looks at Cisco's price, consensus and EPS surprise:

Cisco Systems, Inc. Price, Consensus and EPS Surprise

Cisco Systems, Incorporated is a worldwide leading Information Technology company which was founded in 1984 in San Francisco, California. The company employs 73,711 workers and is headquartered in San Jose, California. Cisco looks to shape the future of the Internet through innovations which create value and opportunity for their customers, employees, investors, and ecosystem partners.

Stocks that Aren't in the News. Yet.

You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Cisco Systems, Inc. (CSCO): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More