CISCO EARNS MORE
Cisco Systems, Inc. (NASDAQ:CSCO) presented a net profit of 3.024 million dollars, an increase of 7.9% over the first quarter of the previous fiscal year.
The technology firm announced that in the first quarter of its fiscal year had a net profit of 2.430 billion, 37.1% more than in the same period of the previous fiscal year.
In reporting its results for the first quarter of fiscal 2016, Cisco reported earnings per share were 48 cents, up from the 35 it had in the first quarter of its fiscal year 2015.
The adjusted earnings per share was 59 cents, above the 54 cents it had in the first quarter of its fiscal year, as reported by the company by providing financial information to the close of trading on Wall Street.
The company said that in the quarter ended October 24 last sales revenue reached 12.682 million dollars, 3.6% more than in the first quarter of its fiscal year 2015.
Cisco, based in San Jose (California), one of the leading manufacturers of computer equipment, announced that its forecast for the current quarter will reach 2%, below 5% expected by analysts.
CISCO SYSTEMS IN A KEY MOMENT
Cisco Systems has designed a small range in the price range between $28.70 and $30.08.
And last month the funnel continued to tighten.
Insofar as the price did not finish below $ 28.67, it appears that try to address the annual maximum to $ 30.08.
For some it may also be forming a double top which would have bearish implications.
In mid-Maywe heard that the American technology company Cisco Systems obtained in the third quarter, a net profit of 2,437 million dollars.
This represents an increase of 11.7% compared to 2,181 million dollars earned in the same period last year.
On the whole the first nine months of its fiscal year, Cisco earned a net profit of 6,662 million dollars, plus 18.8%, while revenues stood at 36,318 million dollars plus 4.4%.
Read more:
http://investor.cisco.com/investor-relations/overview/default.aspx
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