Cisco Systems Inc (NASDAQ: CSCO) shares tanked 18% in extended trading on weaker-than-expected Q3 revenue and disappointing guidance for the future.
Key takeaways from Cisco Q3 results
- Venitul net a fost de 3.04 miliarde de dolari, comparativ cu cifra de un an în urmă de 2.86 miliarde de dolari.
- Per-share earnings of 73 cents were better than 68 cents in Q3 of previous year.
- Pe o bază ajustată, EPS a fost de 87 de cenți, conform comunicatul de presă al câștigurilor.
- Revenue remained roughly flat at $12.84 billion in the recent fiscal quarter.
- Consensul FactSet a fost pentru 86 de cenți din EPS ajustat pentru venituri de 13.37 miliarde USD.
- Product order growth and ARR jumped 8.0% and 11% in Q3, respectively.
According to CEO Chuck Robbins, demand remains strong and the hit to Q3 revenue was related to the ongoing war in Ukraine and the COVID lockdowns in China. Stocul este acum în scădere cu peste 35% pe an.
Îndrumări viitoare și observații ale CEO-ului
Cisco warned on Wednesday that its revenue could slide by up to 5.5% in the current financial quarter. It also lowered its full-year guidance for revenue to a 2.0% to 3.0% growth versus up to 6.5% increase it had forecast earlier.
The San Jose-headquartered company expects its fiscal 2022 EPS to fall in the range of $2.75 to $2.85. In the comunicatul de presă al câștigurilor, the chief executive said:
Our business transformation is progressing well. The fundamental drivers across our business are strong and we remain confident in the long term.
Mesaj Acțiunile Cisco tocmai au scăzut cu 18%: explicat aici a apărut în primul rând pe Invezz.
Source: https://invezz.com/news/2022/05/18/cisco-shares-just-tanked-18-explained-here/