- 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 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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