Earnings Review - Cisco Systems

LONDON, March 11, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free earnings review on Cisco Systems Inc. (NASDAQ: CSCO). On February 11, 2015, the company reported its financial results for Q2 FY15 and H1 FY15 (period ended January 24, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Cisco%20Systems&d=11-Mar-2015&s=CSCO to read our free earnings review on Cisco Systems Inc. (Cisco). During Q2 FY15, Cisco's revenue increased 7.0% Y-o-Y. Moreover, GAAP net income and diluted earnings per share surged 67.7% Y-o-Y and 70.4% Y-o-Y, respectively, in Q2 FY15. Chairman and CEO of Cisco, John T. Chambers, stated that the company's Q2 results reflect continued progress as management transforms Cisco to become the number 1 IT company. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Cisco%20Systems&d=11-Mar-2015&s=CSCO

Earnings Overview 

During Q2 FY15, Cisco's revenue increased to $11.94 billion from $11.16 billion in Q2 FY14. The company's Q2 FY15 revenue exceeded Bloomberg analysts' forecasts of $11.80 billion. For Q2 FY15, GAAP net income stood at $2.40 billion, or $0.46 per diluted share, compared to $1.43 billion, or $0.27 per diluted share, in Q2 FY14. Analysts from Bloomberg had expected Q2 FY15 GAAP net income of $2.04 billion, or $0.39 per share. Moreover, Cisco's Q2 FY15 non-GAAP net income increased to $2.75 billion, or $0.53 per diluted share, from $2.52 billion, or $0.47 per diluted share, in Q2 FY14. Mr. Chambers said that the company saw the best balance of growth across all geographies, products, and segments and delivered strong performance despite a volatile economic environment. Free research on CSCO can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Cisco%20Systems&d=11-Mar-2015&s=CSCO

For Q2 FY15 Cisco reported cash flows from operations of $2.9 billion which was almost flat as compared to the same period last year. As of January 24, 2015, the company had cash and cash equivalents and investments of $53.02 billion.

In Q2 FY15, Cisco repurchased approximately 44 million shares of common stock under the stock repurchase program for a total cost of $1.2 billion and at an average price of $27.63 per share. As of January 24, 2015, the company had repurchased and retired 4.4 billion shares of Cisco common stock at an average price of $20.73 per share for an aggregate purchase price of approximately $90.7 billion since the inception of the stock repurchase program. The company still has approximately 6.3 billion shares available for repurchase under this program with no termination date.

Cisco's Board of Directors declared dividend of $0.21 per common share a two-cent increase QoQ, payable on April 22, 2015, to all its shareholders of record as of the close of business on April 02, 2015. Sign up and read the free analyst's notes on CSCO at:

http://get.Investor-Edge.com/pdf/?c=Cisco%20Systems&d=11-Mar-2015&s=CSCO

For H1 FY15, Cisco reported revenue of $24.18 billion compared to $23.24 billion in H1 FY14. The company's GAAP net income increased to $4.23 billion, or $0.82 per diluted share, in H1 FY15 from $3.43 billion, or $0.64 per diluted share, in H1 FY14. Further, Cisco's H1 FY15 non-GAAP net income increased to $5.55 billion, or $1.08 per diluted share, from $5.39 billion, or $1.00 per diluted share, in H1 FY14.

Stock Performance  

On the day following the earnings release, February 12, 2015, Cisco's stock rallied 9.39% to end the session at $29.46. Since then, the stock has moved both ways. On the last close, Tuesday, March 10, 2015, the company's shares finished 2.38% lower at an intra-day low of $28.66. A total of 26.52 million shares were traded which was below their three months average volume of 30.68 million shares. Over the last one month and over the previous three months, the company's shares have gained 4.26% and 6.66%, respectively. Additionally, the stock has surged 32.13% in the past one year. Shares in Cisco are trading above their 50-day and 200-day moving averages of $28.21 and $25.99, respectively. Furthermore, the stock traded at a PE ratio of 16.53. Visit Investor-Edge and access the latest research on CSCO at:

http://get.Investor-Edge.com/pdf/?c=Cisco%20Systems&d=11-Mar-2015&s=CSCO

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 22 corporate insider transactions done by eight individuals. Between February 11, 2015 and March 02, 2015, a total of 3.10 million shares were purchased at an average price of $22.83 per share and for a total value of $70.73 million. During the same period, a total of 3.65 million shares, worth $106.34 million, were sold at an average price of $29.15 per share. The following are a few of the abovementioned transactions: Mark D. Chandler, Senior Vice President, General Counsel and Secretary, and Chief Compliance Officer at Cisco, bought 448,185 shares at an average price of $23.28 per share and sold an equal number of shares at an average price of $29.83 per share; on February 17, 2015, John T. Chambers, purchased 1.30 million shares at an average price of $23.01 and disposed 1.55 million shares at an average price of $29.24 per share; and  on the same day, Robert W. Lloyd, President , Development and Sales at Cisco, bought 850,000 shares at an average price of $22.73 per share and sold an equal number of shares at an average price of $29.24 per share. Complimentary in-depth research on CSCO is available at:

http://get.Investor-Edge.com/pdf/?c=Cisco%20Systems&d=11-Mar-2015&s=CSCO

About Investor-Edge.com 

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