We just got earnings out of Cisco Systems Inc. (NASDAQ: CSCO). Despite the fact that the company beat its estimates, keep in mind that this is an incomplete report until John Chambers makes his comments in the company conference call regarding his outlook and regarding enterprise spending.
The networking giant just posted $0.40 EPS on $10.4 Billion inrevenues. First Call had estimates at $0.39 EPS on $10.31 Billion inrevenues.
John Chambers called this as "The market is clearly in transition, andwe will use this time as an opportunity to expand our share of customerspend and to aggressively move into market adjacencies."
If Chambers gives guidance in the call, next quarter estimates are$0.40 EPS and $10.39 Billion in revenues and estimates for FiscalJuly-2009 from First Call are $1.69 EPS on $43.71 Billion in revenues.
Shares closed up 3% at $22.65 in regular trading, and shares are upanother 2% at $23.15 in the initial reaction. Until Chambers gives ushis outlook, this report is no indication of what tomorrow hold.
Jon C. Ogg
August 5, 2008
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