Cisco Systems (CSCO) will report 3Q 2011 earnings after the close of trading on Wednesday, May 11. The results are typically available at 4:05 p.m. EST and will follow with a conference call at 4:30 p.m. Note that Cisco shares have traded lower after each of the four previous reports.
- Key Measures:
- Cisco always typically provides a value for Non-GAAP Earnings Per Share (EPS) that is comparable to consensus views. In the previous conference call back in February, Cisco targeted Non-GAAP EPS in the range of $0.35 to $0.38. The current consensus is $0.37 (Source: Yahoo! Finance).
- Revenues are the next most important measure for Cisco earning. 2Q 2011 earnings conference call, Cisco said it expects 3Q 2011 revenues to increase 4% to 6% year over year. Based on the 3Q 2010 revenue figure of $10.4 bln, the projected range would equate to $10.816 BLN to $11.024 BLN. The consensus is on the lower end of that range at $10.86 bln.
- Cisco Plays: Juniper Networks (JNPR), F5 Networks (FFIV). Recall, both compnaies reported earnings that topped Street forecasts.
Cisco Systems Inc. CSCO Stock Technical Analysis
05/09 Weekly CSCO resistance , pivot & support
Resistance R3 $18.12, R2 $17.93, R1 $17.74
Pivot Point $17.51
Support S1 $17.32, S2 $17.09, S3 $16.90
05/11 Monthly CSCO resistance , pivot & support
Resistance R3 $20.06, R2 $19.21, R1 $18.44
Pivot Point $17.44
Support S1 $16.59, S2 $15.67, S3 $14.82
Technical Analysis Stock Charts: Charts Below
60m chartDaily chart
Weekly chart
Cisco Systems shares are down 12.9% Year to date which is 30% over the past year. Last earning Cisco deliver another disappointing earnings release, look for support near $17, followed by $16.50. Cisco are Currently right at the key $17.50 level, a previous resistance going back to mid-March and nearly coinciding with the 50-Day moving average. A push through this level would set up a run back toward $18.50 which will be bullish for the stock.
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