Cisco Systems to Report Fourth-Quarter Results

Cisco Systems is scheduled to release its fourth-quarter results on Wednesday after the market closes.

Revenue Expectations

According to FactSet, the networking-equipment company is expected to announce revenue of $15.05 billion for the quarter, a significant increase from $13.1 billion in the same period last year.

Adjusted Earnings Projection

FactSet predicts that Cisco will report adjusted earnings of $1.06 per share for the quarter, up from 83 cents per share in the previous year.

Net Income Forecast

Cisco is also expected to report a net income of $3.56 billion, a rise from $2.82 billion in the prior-year period, according to FactSet.

Key Points to Observe

Acquisitions

Investors should pay attention to any additional information Cisco provides regarding recent acquisitions and how they align with the company's long-term goals. In June, Cisco announced its acquisition of Accedian, a performance analytics company, from private equity firm Bridge Growth Partners. Furthermore, earlier this month, Telenor confirmed that Cisco will acquire Working Group Two, a software company spun out in 2017, for $150 million.

Outlook

Investors will be particularly interested in any changes to Cisco's outlook for 2024. Previously, the company had forecasted modest revenue growth for the fiscal year.