Cisco Systems (CSCO) revenues and earnings for its fiscal third quarter estimates estimates. The Cisco revenue report sent a share of the giant computer network to extended trading on Wednesday.
The company's fourth quarter of the company's tax policy achieved expectations, while revenue estimates exceeded Wall Street's target.
Cisco said we adjusted to 78 cents a share, up 18% from a year ago, with revenues reaching 6% to $ 13 billion. A year earlier, Cisco earned 66 cents in sales of $ 12.46 billion.
Analysts expect Cisco's revenue of 77 cents in sales of $ 12.89 billion for the period ended April 30.
Cisco Revenue Outlook Above Views
For the July one quarter, Cisco Increase the adjusted income of 81 cents, according to estimates. The forecast of 5.5% increase in revenue compared to an analyst estimate of 3.5%.
Cisco's stock has climbed 2.8 percent to 53.86 in after-hours trading on the stock market today.
Cisco has changed from the core business of switch sales and network routers. With acquisitions, Cisco aims to increase revenue from software and services.
For fiscal third quarter, analysts expect sales of the new Catalyst 9000 network switch to become a bright spot.
Follow Reinhardt Krause on Twitter [SharedNewsRegionsPremiumStockIBDToolsAtReviewsNow
View Stocks Only Added To – @reinhardtk_tech .
And Cut From – IBD's Top Screens
MarketSmith: Research, Charts, Data And Teaching All In One Place
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stock