CSCO
$31.34
Cisco Systems
($.32)
(1.01%)
Earnings Details
4th Quarter July 2016
Wednesday, August 17, 2016 12:55:31 PM
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Summary

Cisco Systems Beats

Cisco Systems (CSCO) reported 4th Quarter July 2016 earnings of $0.63 per share on revenue of $12.6 billion. The consensus earnings estimate was $0.60 per share on revenue of $12.5 billion. The Earnings Whisper number was $0.61 per share. Revenue fell 1.6% compared to the same quarter a year ago.

Cisco Systems Inc is engaged in designing, manufacturing and selling of Internet Protocol (IP) based networking products and services related to the communications and information technology (IT) industry.

Results
Reported Earnings
$0.63
Earnings Whisper
$0.61
Consensus Estimate
$0.60
Reported Revenue
$12.64 Bil
Revenue Estimate
$12.53 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

SmarTrend Watching for Potential Rebound in Shares of Cisco Systems After 2.02% Loss

Cisco Systems (CSCO) traded in a range yesterday that spanned from a low of $30.33 to a high of $30.97. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $30.80 on volume of 25.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Cisco Systems has traded in a range of $22.46 to $31.25 and is now at $30.40, 35% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Cisco Systems on July 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.71. Since that recommendation, shares of Cisco Systems have risen 4.8%. We continue to monitor CSCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com

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