Boston, MA 02/12/2014 (wallstreetpr) – Cisco Systems, Inc. (NASDAQ:CSCO) which designs, manufactures and sells internet protocol and other products is expected to post its January quarter earnings on February 12, 2014 after the full closure of the day’s trading session. A conference call will also be held the same day at 1:30 PM pacific time to discuss the results. According to analysts polled by Thompson Reuters, the company is expected to post earnings per share of 46 cents that will be a drop of 9.8% from the 51 cents that was recorded for the same quarter a year ago. Cisco systems currently sees earnings per share ratings of 45- 47 cents being recorded.
The company has been performing well in the recent past having already toppled Street View expectations with an upside surprise of 2 to 6.3%. Despite the torrid conditions in the IT spending, the company seems to be performing as expected.
Q2 outlook
Cisco Systems, Inc. (NASDAQ:CSCO) is expected to post revenue for the second quarter totaling $11.04 billion down from $12.1 billion that as recorded for the same quarter a year ago. The past quarters the company has seen its revenue growth trading in the mid-single digits thus nothing is expected to change substantially. Total project revenues for the company are also expected to come in at between %10.85 billion and $11.25 billion.
The company was forced to post low quarterly expectations after experiencing weak order trends in some of its emerging markets. Despite all this setbacks the company expects to post solid results that should exceed expectations banking on the strong enterprise spending in the US and Western Europe markets. The company has been forced to low long term expectations for its routing businesses only forecasting 0-1% for the next 3-5 years.
Monday saw Cisco Systems, Inc. (NASDAQ:CSCO) trading marginally in the stock exchange dropping slightly by 0.53% to come in at $22.71 a share.
