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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.

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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.

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