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Analysts Expect Cisco’s Revenues to Rise ~4% in Fiscal 3Q18

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Average revenue estimate of ~$12.4 billion in fiscal 3Q18

Cisco Systems (CSCO) is expected to announce its fiscal 3Q18[1. fiscal 3Q18 ended April 2018] results on May 16. Analysts expect Cisco Systems to post revenues of ~$12.4 billion in fiscal 3Q18, representing a 4.1% YoY (year-over-year) increase from its revenues of ~$11.9 billion in fiscal 3Q17. Wall Street has a high revenue estimate of ~$12.5 billion and a low estimate of ~$12.3 billion for the company in fiscal 3Q18.

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Analysts expect Cisco Systems to post non-GAAP[1. generally accepted accounting principles] EPS (earnings per share) of $0.65 in fiscal 3Q18. They have a high EPS estimate of $0.67 and a low estimate of $0.63 for the stock. In fiscal 3Q18, analysts expect Cisco Systems’ EPS to rise 8.3% YoY from $0.60 in 3Q17.

Cisco beats estimates in three of the last four quarters

As shown in the chart above, Cisco Systems has beaten analysts’ EPS estimates in three of the last four quarters. In fiscal 2Q18, Cisco Systems reported earnings per share of $0.63, which were 6.8% higher than analysts’ estimate of $0.59.

Cisco Systems posted EPS of $0.61 and $0.60, respectively, in fiscal 1Q18 and fiscal 3Q17. In these quarters, its earnings per share were 1.7% and 3.4% higher than analysts’ estimates, respectively. Cisco Systems met analysts’ EPS estimates of $0.61 in fiscal 4Q17.

Cisco Systems is a communications equipment giant with a market cap of $222.0 billion. Its peers include Nokia (NOK), Ericsson (ERIC), and Juniper Networks (JNPR) have market caps of $29.0 billion, $26.0 billion, and $9.0 billion, respectively.

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