Cisco Systems earnings preview: can it beat forecasts this time?
An all-sessions stock on the IG platform, Cisco will be the trading opportunity after the close of the US markets tonight.
Cisco earnings preview
Analysts anticipate earnings of 97 cents per share, 10 cents higher than the same quarter last year. Revenue is forecast to reach $14.40 billion. Last year revenue came in at $12.84bln.
Since Cisco's last report three months ago, shares have lost ground.
In February, the networking giant posted better-than-expected earnings and revenue, raising its full-year guidance, but its backlog increased as component supply remained an issue.
Investment in India
Last week, Cisco announced a significant investment in India hoping that its new manufacturing operation will support demand in India and also globally. Cisco aims to drive over a billion dollars in combined exports and domestic production over the next few years. The company has been present in India since 1995.
The country is the group's largest R&D centre outside of the US and of course, we've been hearing a lot more about what's happening in India with the likes of Apple moving a lot of its manufacturing there as well. So India playing a big part in Cisco Systems.
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